The Mysterious CAFRs: How Stagnant Pools of Government Money Could Help Save the Economy

The Mysterious CAFRs: How Stagnant Pools of Government Money Could Help Save the Economy
By Ellen Brown
May 20, 2010

For over a decade, accountant Walter Burien has been trying to rouse the public over what he contends is a massive conspiracy and cover-up, involving trillions of dollars squirreled away in funds maintained at every level of government. His numbers may be disputed, but these funds definitely exist, as evidenced by the Comprehensive Annual Financial Reports (CAFRs) required of every government agency. If they don’t represent a concerted government conspiracy, what are they for? And how can they be harnessed more efficiently to help allay the financial crises of state and local governments?

Read the entire article here.

Socialism in North Dakota

Socialism in North Dakota
by John Case
May 20, 2010

The Bank of North Dakota is the only state-owned bank in America. Despite that, or because of it, the bank earned a record profit last year even as its private-sector corollaries lost billions.

Some who have difficulty even absorbing news of a profitable socialist enterprise point to North Dakota’s well-insulated economy, which is heavy on agricultural staples and light on housing speculation, as the source of its success.

But this has not stopped out-of-state politicos from making pilgrimages to Bismarck for counsel and advice. Could opening state-owned banks across America get us out of the financial crisis? The Bank of North Dakota, with its $4 billion under management, has avoided the credit freeze and crisis by creating its own credit, and in doing so, is leading the nation in establishing state economic sovereignty as well. Could decentralizing large sectors of finance provide better insurance – a better hedge, if one may use that term – for the people, against the “too big to fail” phenomenon?

Read the entire article here.

Author Ellen Brown Details How to Have A State Own Bank Like N. Dakota on Alex Jones TV

Author Ellen Brown Details How to Have A State Own Bank Like N. Dakota on Alex Jones TV
May 20, 2010

Watch the video here.