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STATE BANKS Why States Cannot…. ,[object Object]
Reject the federal financial system (Federal Reserve, FDIC, comptroller, etc.
Secede
Be sovereign states:… Without one. ,[object Object],[object Object]
SARASOTA, FLORIDA ONE IN 21 HOMES IS IN FORECLOSURE
LAKELAND, FLORIDA ONE IN 21 HOMES IS IN FORECLOSURE
TAMPA, FLORIDA ONE IN 20 HOMES IS IN FORECLOSURE
PORT ST. LUCIE, FLORIDA ONE IN 20 HOMES IS IN FORECLOSURE
SACRAMENTO, CALIFORNIA ONE IN 19 HOMES IS IN FORECLOSURE
NAPLES, FLORIDA ONE IN 18 HOMES IS IN FORECLOSURE
DELTONA, FLORIDA ONE IN 17 HOMES IS IN FORECLOSURE
BAKERSFIELD, CALIFORNIA ONE IN 17 HOMES IS IN FORECLOSURE
RENO, NEVADA ONE IN 16 HOMES IS IN FORECLOSURE
VALLEJO, CALIFORNIA ONE IN 16 HOMES IS IN FORECLOSURE
ORLANDO, FLORIDA ONE IN 15 HOMES IS IN FORECLOSURE
MERCED, CALIFORNIA ONE IN 14 HOMES IS IN FORECLOSURE
STOCKTON, CALIFORNIA ONE IN 14 HOMES IS IN FORECLOSURE
RIVERSIDE, CALIFORNIA ONE IN 14 HOMES IS IN FORECLOSURE
MIAMI, FLORIDA ONE IN 14 HOMES IS IN FORECLOSURE
PHOENIX, ARIZONA ONE IN 14 HOMES IS IN FORECLOSURE
 MODESTO, CALIFORNIA ONE IN 14 HOMES IS IN FORECLOSURE
CAPE CORAL, FLORIDA ONE IN 12 HOMES IS IN FORECLOSURE
LAS VEGAS, NEVADA ONE IN EVERY 9 HOMES IS IN FORECLOSURE
CONSTITUTION OF THE UNITED STATES OF AMERICA       ARTICLE 1, SECTION 8   The Congress shall have power to…   …borrow money on the credit of the United States; to regulate commerce with foreign nations, and among the several States, and with the Indian Tribes;    The Congress shall have power to…   …coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.
NATIONAL DEBT HISTORY
NORTH DAKOTA STATE BANK RESULTS:     WITH A POPULATION OF ABOUT 650,000, THE NORTH DAKOTA STATE BANK HAS, DURING THE PAST TEN YEARS, PAID THE STATE TREASURER MORE THAN $325 MILLION FROM BANK PROFITS.    IN 2010 – THE WORST ECONOMY IN RECENT HISTORY – NORTH DAKOTA HAD ITS LARGEST FINANCIAL SURPLUS IN HISTORY.   NORTH DAKOTA TOPS THE LIST OF STATE ECONOMIES YEAR AFTER YEAR.
UNEMPLOYMENT IN 2011 National	  		  9.1% 	Colorado	  8.5% North Dakota		  3.3%
REDUCING TAXES   IN 2011, NORTH DAKOTANS WILL SEE ALMOST $500 MILLION OF THEIR MONEY RETURNED TO THEM IN THE FORM OF INCOME AND PROPERTY TAX CUTS.   COMBINING 2009 AND 2011 TAX REDUCTIONS, THE AVERAGE NORTH DAKOTAN WILL ENJOY A 30% TAX LIABILITY DROP.   THE LEGISLATURE ALSO FUNDED $342 MILLION IN PROPERTY TAX RELIEF.  THE OWNER OF A $150,000 HOME WILL ENJOY A TAX REDUCTION OF $506.

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Marilyn Barnewall

  • 1.
  • 2. Reject the federal financial system (Federal Reserve, FDIC, comptroller, etc.
  • 4.
  • 5. SARASOTA, FLORIDA ONE IN 21 HOMES IS IN FORECLOSURE
  • 6. LAKELAND, FLORIDA ONE IN 21 HOMES IS IN FORECLOSURE
  • 7. TAMPA, FLORIDA ONE IN 20 HOMES IS IN FORECLOSURE
  • 8. PORT ST. LUCIE, FLORIDA ONE IN 20 HOMES IS IN FORECLOSURE
  • 9. SACRAMENTO, CALIFORNIA ONE IN 19 HOMES IS IN FORECLOSURE
  • 10. NAPLES, FLORIDA ONE IN 18 HOMES IS IN FORECLOSURE
  • 11. DELTONA, FLORIDA ONE IN 17 HOMES IS IN FORECLOSURE
  • 12. BAKERSFIELD, CALIFORNIA ONE IN 17 HOMES IS IN FORECLOSURE
  • 13. RENO, NEVADA ONE IN 16 HOMES IS IN FORECLOSURE
  • 14. VALLEJO, CALIFORNIA ONE IN 16 HOMES IS IN FORECLOSURE
  • 15. ORLANDO, FLORIDA ONE IN 15 HOMES IS IN FORECLOSURE
  • 16. MERCED, CALIFORNIA ONE IN 14 HOMES IS IN FORECLOSURE
  • 17. STOCKTON, CALIFORNIA ONE IN 14 HOMES IS IN FORECLOSURE
  • 18. RIVERSIDE, CALIFORNIA ONE IN 14 HOMES IS IN FORECLOSURE
  • 19. MIAMI, FLORIDA ONE IN 14 HOMES IS IN FORECLOSURE
  • 20. PHOENIX, ARIZONA ONE IN 14 HOMES IS IN FORECLOSURE
  • 21.  MODESTO, CALIFORNIA ONE IN 14 HOMES IS IN FORECLOSURE
  • 22. CAPE CORAL, FLORIDA ONE IN 12 HOMES IS IN FORECLOSURE
  • 23. LAS VEGAS, NEVADA ONE IN EVERY 9 HOMES IS IN FORECLOSURE
  • 24.
  • 25. CONSTITUTION OF THE UNITED STATES OF AMERICA       ARTICLE 1, SECTION 8   The Congress shall have power to…   …borrow money on the credit of the United States; to regulate commerce with foreign nations, and among the several States, and with the Indian Tribes;   The Congress shall have power to…   …coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.
  • 27. NORTH DAKOTA STATE BANK RESULTS:     WITH A POPULATION OF ABOUT 650,000, THE NORTH DAKOTA STATE BANK HAS, DURING THE PAST TEN YEARS, PAID THE STATE TREASURER MORE THAN $325 MILLION FROM BANK PROFITS.   IN 2010 – THE WORST ECONOMY IN RECENT HISTORY – NORTH DAKOTA HAD ITS LARGEST FINANCIAL SURPLUS IN HISTORY.   NORTH DAKOTA TOPS THE LIST OF STATE ECONOMIES YEAR AFTER YEAR.
  • 28. UNEMPLOYMENT IN 2011 National 9.1% Colorado 8.5% North Dakota 3.3%
  • 29. REDUCING TAXES   IN 2011, NORTH DAKOTANS WILL SEE ALMOST $500 MILLION OF THEIR MONEY RETURNED TO THEM IN THE FORM OF INCOME AND PROPERTY TAX CUTS.   COMBINING 2009 AND 2011 TAX REDUCTIONS, THE AVERAGE NORTH DAKOTAN WILL ENJOY A 30% TAX LIABILITY DROP.   THE LEGISLATURE ALSO FUNDED $342 MILLION IN PROPERTY TAX RELIEF. THE OWNER OF A $150,000 HOME WILL ENJOY A TAX REDUCTION OF $506.
  • 30.   BREAKDOWN, NORTH DAKOTA TAX RELIEF:   $341.79 MILLION: PROPERTY TAX RELIEF. The money is provided to the superintendent of public instruction for grants to school districts under the mill levy reduction program.   $120 million: reduces all individual income tax rates by 17.9 percent.   $25 million: reduces all existing corporate income tax rates by 19.5 percent.   $2.125 million: Reduces the financial institutions tax rate from 7 percent to 6.5 percent. Only the state general fund share of the tax revenue is impacted by this change. Ref: The tax reduction bill, House Bill 1047