I’m fat old white guy retired injineer. I moved from Pepuls Republik of Nu Jerzee to NH as part of the FSP. After two years, I had to move back for health reasons. But I’m still there in my heart.
I have had some verbal sparing with Ian about the need for NH to establish a State Bank line the Bank of North Dakota (BND). It’s needed in prep for any “independence” of the FED. And, if like the BND, it is required that all state, county, and municipal entities to bank with them. (That prevents the financial sharks like BoA and Chase to do mischief.). And BND permits residents to open accounts but doesn’t require it. BND then negotiates rates for all political entities (i.e., bonds for capital projects and interest on workign capital). It also makes loans to in-state farmers and businesses at suitable rates. In short, it allows the State to be financial prepared to do “financial tasks” like clearing WITHOUT the FED.
Anyway that s my hot button. Can’t kill the FED without suitable preparation. And that prevents financial weaponization like debanking that we see Chase doing.
Hope this helps id me and I do hope Ian “escapes” so we can further debate the topic. (In his defense, he was against and concerned about creating ANY more Gooferment. But I think he was overreacting.)
Dona Nobis Pacem