North Dakota has also managed to avoid the credit freeze, through the simple expedient of creating its own credit. It has led the nation in establishing state economic sovereignty. In California and other states, workers and factories are sitting idle because the private credit system has failed. An injection of new mo...more

Only three of fifty states are now solvent, meaning they have the revenues to meet their state budgets; and . It is an unlikely candidate for the distinction. It is a sparsely populated state of less than 700,000 people, largely located in isolated farming communities afflicted with cold weather. Yet since 2000, the st...more

Not all states have oil, of course (and it’s hardly a sustainable basis for an economy), but all could learn from the state-owned bank that allows North Dakota to capitalize on its resources to full advantage. States that deposit their revenues and invest their capital in large Wall Street banks are giving this economi...more

North Dakota’s money and banking reserves are being kept within the state and invested there. The BND’s loan portfolio shows a steady uninterrupted increase in North Dakota lending programs since 2006.

Access to credit is the enabling factor that has fostered both a boom in oil and record profits from agriculture in North Dakota. The Bank of North Dakota (BND) does not compete with local banks but partners with them, helping with capital and liquidity requirements. It participates in loans, provides guarantees, and a...more

North Dakota has a budget surplus this year of $1.2 billion. North Dakota owns it's own bank and is able to create money through the magic of fractional reserve banking. Cash starved states may want to consider this option.

How much government subsidies are these rich people getting and how much of that is kicked back to the politician.

ALL THESE EXPERTS ARE A BUNCH OF IDIOTS. They think we believe what ****** comes out of their mouths is the truth BULL*****.All the news are al on their side. They are paid off or fear they will lose their job like the rest of us. Go into Wal-Mart or elsewhere and look where everything is made. In the 1940's we could b...more

Lets just charge for the next time theses guy's need work on there house we will charge 60.00 an hour or when they need their Bentley or their fancy car worked on it will be 100.00 an hour or the next time their toilet overflows it will be 200.00 an hour or they can fix it themselves. We have enough fuel to last us 200...more