POLITICAL: Why doesn’t EVERY State have their own version of BND?

http://www.vtcommons.org/blog/taking-rich-and-giving-tothe-rich

Taking from the rich and giving to…the rich
Mike Krauss

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As I reported months ago in this column, the administration is preparing legislation to provide rental assistance to those who need housing.

In other words, those who still have jobs and a home will be taxed to support “home rentership,” to make sure that the 1 percent get paid for the homes they effectively stole and will now rent back to the 99 percent.

Who will, of course, have little left in their paychecks or unemployment checks to maintain those homes rented from suburban slumlords.

Kiss your neighborhood goodbye, Morrisville and Lower Makefield. The Ozarks are moving in.

Is there an alternative. Yes.

Cities and counties from California to Michigan, Ohio, western Pennsylvania, and even nearby Reading, are moving to use public funds — the common wealth — to form partnership banks that can not only get critically needed affordable credit flowing in local economies, but can also take vacant homes by eminent domain, and work with community banks, homebuilders, skilled trade workers, realtors and housing authorities to maintain these properties and put people back in them on affordable terms as owners, and rescue their communities from the pending Obama nation.

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It would seem that everyone is forgetting the “Bank of North Dakota”.

It’s unique in all the States. And, only does business with Gooferment entities. Political subdivisions MUST bank with BND. And, it has specific programs to buy assets in North Dakota. So a farmer’s mortgage may be held by the BND. So to corporate loans, mortgages, and venture capital funding.

They are in essence a one state version of the Federal Reserve working for the benefit of “We, The People”.

Surprisingly, it works and is apolitical.

Why doesn’t EVERY “State” have one of these?

Cause the Federal Reserve System would be out of business in short order!

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