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Bank of North Dakota

Job Losses? Not in North Dakota. A Stimulus Plan That Really Works

Ellen Brown | Posted 11.02.2009 | Business

Read More: State Deficits, Banking Crisis, Fractional-Reserve-System, Job Loss, Unemployment, Farid Khavari, Bank of North Dakota, President Obama, North Dakota, Florida, Montana, State-Owned Banks, Job Creation, California, Business News
Ellen Brown

Why is North Dakota doing so well, when other states are suffering the ravages of a deepening credit crisis? Its secret may be that it has its own credit machine.

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The Public Option in Banking: How We Can Beat Wall Street at Its Own Game

Ellen Brown | Posted 09.05.2009 | Business

Read More: Fractional-Reserve-System, JPMorgan Chase, Wall Street Bailout, Wall Street Crisis, Indian Banking, Alberta, Toxic Assets, Bank of North Dakota, Bank Bonuses, China Economy, Tarp, Business News
Ellen Brown

Many people feel that some bankers are thieves stealing from the public till and should be looking at jail time. But who is there to stop their parade of outrages?

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How California Could Turn Its IOUs into Dollars

Ellen Brown | Posted 08.22.2009 | Business

Read More: Bank of America, Ious, Wells Fargo, Citibank, Banking Crisis, Bank Bailout, California Budget Crisis, Arnold Schwarzenegger, State Bank, Bank of North Dakota, Business News
Ellen Brown

If the state were to deposit its money in its own state-owned bank, it could have enough credit to solve its budget crisis with funds to spare.

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Towards a Solution to the Debt Crisis in California: The State Could Walk Away and Create Its Own Credit Machine

Ellen Brown | Posted 08.14.2009 | Politics

Read More: Bank of America, Citigroup, JPMorgan Chase, Ious, Governor Arnold Schwarzenegger, Wells Fargo, Banking Crisis, Bank Bailout, California Budget Crisis, State Bank, Bank of North Dakota, Politics News
Ellen Brown

California could put its revenues in its own state-owned bank and fan these "reserves" into many times their face value in loans, using the same "fractional reserve" system that private banks use.

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California Dreamin': How the State Can Beat Its Budget Woes

Ellen Brown | Posted 08.08.2009 | Business

Read More: Federal Bailout, Ious, Governor Arnold Schwarzenegger, Money Supply, Federal Reserve, Banking Crisis, U.S. Constitution, California Budget Crisis, Bank of North Dakota, State Bank, Business News
Ellen Brown

The world's eighth largest economy is not going quietly into that pit of debt and devastation that has devoured Third World countries whole.

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Out of the Ashes of GM: The Phoenix of Renewable Energy

Ellen Brown | Posted 07.14.2009 | Business

Read More: Taxes, Unemployment, General Motors, Inflation, Renewable Energy, Banking Crisis, Federal Reserve, Michael Moore Economy, Green Bank, Bank of North Dakota, Federal Budget, Business News
Ellen Brown

To put or new car company to good use, we just need to own a bank.

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