Community banks work. Look at the Bank of ND. In a republican state it has for some reason prospered despite the current depression. It was unaffected by the Mortgage bust. Why because the bank is owned by the state. The bank by law has to deposit every cent it receives into this bank. The bank on the other hand makes loans to small business and homeowners and community projects. All of which generate revenue for the bank. All of which benefit the state in the long run. All of which shields the state from the vagaries of and Federal Reserve caused recessions and depressions. So maybe state run banks are the future for other states. If not how about county or city owned banks to serve the exact same purpose. Even tribal banks owned by the tribal governments. They especially should think about this. After all they are sovereign nations within the United States or America or Canada. They do not even have to keep their accounts in Federal Reserve or Canadian notes. They can issue their own currency if push comes to shove. After all they are Nations in their own right. Right now we have five felon banks. What if they were taken over and operated as the bank of the United States of America? How quickly would our National Debt go away? After all right now they are criminal enterprises, serving only the management of the bank and nobody else. As a newly formed bank of the USA they would eliminate the Federal Reserve Charter and actually put some value into our legal tender. What good is money which is only a IOU for a loan that was never authorized or had any backing of real value?
Another thing on the same lines is CoOperative business. Look at the City of Green Bay, WI. What do the 105,000 people in this city have in common? They own a professional football team by the name of the Green Bay Packers. What does the company Ace Hardware have in common with The Green Bay Packers? The headquarters and buyers and staff are all owners. The same thing was true of the Amana Corp which was community owned. The local Farmers CO-OP is owned by the local farmers. The Credit Union members own the Credit Unions. They are all cooperative business. So does your town hold empty factory buildings or warehouses? Does your town have many people either working for minimum wage or not working at all. How many of these are older managers, laid off factory workers, unemployed sales people, college students who can't find a job, or people who have given up on finding work like the homeless? So find something they can make, especially some product that can be sold in the region. Raise public money and use the resources available. You have a new tax paying job source in a hurry that will not leave the community unless it is mismanaged and goes out of business. Even our poorer tribes could do this. After all they already have a product. The Arts and crafts most of the Rez. people produce. So the Tribe buys/rents a storefront in a major city. Hires people from the tribe to operate it and sell/auction the production of the tribe's members. Making sure the people making it get $15 a hour plus the cost of material plus 10% for buying more materials. Selling it at auction for a minimum of 200% markup to cover the wages and upkeep and utilities of the store/auction house with any money left over going to the community/tribe as profit.
If you like any of these ideas, please share with others.
Bob Smith Peacemaker, Earthkeeper and candidate for US Congress TN 1st. Congressional District.
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