Some good news if you’re a Floridian and Farid Khavari becomes the next governor.

Some good news if you’re a Floridian and Farid Khavari becomes the next governor.
http://www.themarketfinancial.com • June 25, 2010

If more or the majority of states end up following suit creating state run banks, it will spell the end of the Federal Reserve, IMF, EU and the economic disaster they have created.

Miami Fla – Noted economist Farid Khavari, a Democratic [now Independent] candidate for Florida governor, has gained national acclaim since announcing last July his plan to create a state-owned bank in Florida. Following Khavari’s move, gubernatorial candidates in Oregon and Illinois have made state-owned banks part of their policies and other states are looking closely at the idea of state-owned banks. The Virginia legislature has a pending resolution to establish a committee to consider a proposed state bank.

While other states seem to focus on interest savings for state and local governments, they are vague about benefits for ordinary citizens. In contrast, Khavari’s approach is to dedicate the bank to the service of all Floridians, while the state will win both in interest cost reductions and in profit from the proposed bank.

“The Bank of the State of Florida will operate using the same rules that apply to all banks. The difference is, our bank will be created to directly benefit all Floridians, not only the state. We have a very specific plan. The bank will pay 6% for CDs. Under fractional reserve rules, for every $100 deposited, we can create $900 in new money by making loans. In our case, we will concentrate first on 2% fixed rate, 15-year mortgages, both new and refinances,” Khavari said.

Read the entire article here.

Economic Sovereignty for Florida’s Future

Economic Sovereignty for Florida’s Future
http://www.letthemfail.us • June 23, 2010

We fully endorse Farid Khavari, author of 9 books and one of 5 gubernatorial candidates in the United States to sponsor the Sovereign State Solution to our current economic crisis of fiscal irresponsibility, casino finance and derivative speculation.

I first read about the concept of a State chartered bank when Ellen Brown brought the idea to light in an essay regarding North Dakota’s historic, precedent setting charter of a State-owned bank in 1919, soon after the establishment of the Federal Reserve Act of 1913.

Other economists have entertained the notion of reinstating our Constitutional legacy – a system of credit – to restore the fiscal sovereignty of our nation, long ago usurped by the international cartel of central banks established by the traitorous Federal Reserve Act. But only North Dakota had the wisdom to erect a firewall between railroad barons, their Wall Street financiers, and the State of North Dakota.

Read the entire article here.

The Proposed Bank of England Act: A Cure for England’s Economy That’s Good for the People

We’re a group of economists, lawyers, engineers, former civil servants, university academics and business people who have realised that the root of the instability in the world economy, and huge burden of debt in every country, is due to the fundamental design of the banking system.

The proposed Bank of England Act: This is a reform that could prevent a future financial crisis, clear the national debt, and restart the economy.

It cures the sickness in our economy and financial system by tackling the root cause of the problem, rather than just the symptoms.

It would make the ‘inevitable’ cuts in public services completely unnecessary, reduce the tax burden by up to 30% and allow us to clear the national debt. It takes control of the UK’s money supply out of the hands of the commercial banking sector and restores it to the state, where it can be used to benefit the economy, rather than providing a £200 billion annual subsidy to the banking sector.

The website is here.

Farid Khavari, FL Gubernatorial candidate, on NBC

June 08, 2010

Steve Litz interviews Dr. Farid Khavari on NBC. Khavari “has the answers to Florida’s economic woes — a “bank owned by all of us.”

Watch the video here.

Florida Candidates head to the starting line — Including Farid Khavari who is running (as an Independent) on a platform of a state-owned bank

Candidates head to the starting line
Bill Cotterell • June 15, 2010

Candidate qualifying for Florida’s state races began with a recent political science graduate and an economist who wants to start a state bank taking the first spots in the starting gate Monday.

Khavari, 67, said he wanted to run as a Democrat but the party was only interested in big-name candidates. He proposed creating a state-owned bank to make 2 percent fixed-rate mortgages and low-interest credit cards to stimulate the economy, which he said would produce 1 million new jobs.

Read the entire article here.

Campaign Qualifying Underway
Rick Flagg • June 15, 2010

TALLAHASSEE, FLA. — This could be the year of the independent in Florida politics.

Monday was the first day to sign up with the state elections office for the fall campaign and one of the first in line was Miami economist Farid Khavari. He’s a democrat, but Khavari said the party already has a favorite candidate, so he’s running as an independent.

Read the entire article here.

Khavari’s Idea Gains Momentum; Candidates from Maine to California Push State-Owned Banks in Mid-Term Elections

Darcy G. Richardson • June 11, 2010

In announcing his candidacy last June, Iranian-born economist Farid A. Khavari, a Democratic candidate for governor of Florida, became the first candidate for public office to seriously promote the idea of a state-owned bank since the Great Depression when Minnesota’s radical Farmer-Labor Party — a party that held the governorship for eight consecutive years during the 1930’s— included such a plank in its platform.

Read the entire article here.

And Another Candidate for a State-Owned Bank: Gene Taliercio Running for Michigan State Senate

Bank of Michigan Initiative

Our mission is to deliver quality and sound financial services that promote commerce and industry in the state of Michigan. It is to utilize our own tax dollars to work with our community banks and regional banks, enabling the assets of Michigan to work for Michigan.

Read Gene Taliercio’s entire plan for a state bank here.
Gene Taliercio’s website geneformichigan.com is here.

Another Candidate for a State-Owned Bank: Rosa Scarcelli Running for Governor of Maine

Maine Money Working for Maine People

As Governor, I will propose the creation of an institution that will allow us to keep state revenue deposits in state and put it to work for Maine – to provide badly needed capital to Maine businesses, to create greater opportunity for our economic growth, and to help local banks finance larger projects and better manage lending risk: it’s called the Maine State Bank.

Read the entire statement here. Rosa Scarcelli’s website rosaformaine.com is here.