dimecres, 18 de maig del 2011

Business and regulations in North Dakota

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North Dakota has their own State Bank and remained largely unaffected by the credit crisis of 2008-2009 which was the only State to retain a budget surplus and a record one for them at that. States with their own State Banks would be able to create credit to fund industrialization in their States and have that money remain in their State. So money would be created to fund production and not the transfer of technology that taxpayers paid for to China and artificial consumption through debt. The regulations on Washington State, Idaho, Nevada, Illinois, Virginia, Hawaii, Massachusetts, Maryland, Florida, Michigan, Oregon, California and other States are studying the prospect of creating their own state banks like North Dakota has. While countries like China, Japan and Germany create money out of thin air to fund production and encourage savings, the US creates money out of thin air to fund outsourcing, transfers of technology to China and others, military bases abroad and artificial consumption with debt. Not a policy for growth. Trade today is really just a money printing out of thin air game

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