State Banks as a franchise and competing currencies may be the solution to the individual States loss of sovereignty over trade issues and their budget mess. It all goes hand in hand. Because the multinationals have access to the printing press they can put candidates into office that will support protectionist trade agreements called free trade and get access to newly created money out of thin air to fund the outsourcing of American jobs. The only way to neutralize the bad central economic planning from NAFTA, WTO and multinationals corporations outsourcing to countries that have industrial policies (fancy name for using printing press to subsidize manufacturing) and manipulated currencies is for States to create their own State banks and for communities to issue their own currencies.
North Dakota has their own State Bank and remained largely unaffected by the credit crisis of 2008-2009 which was the only State to retain a budget surplus and a record one for them at that. States with their own State Banks would be able to create credit to fund industrialization in their States and have that money remain in their State. So money would be created to fund production and not the transfer of technology that taxpayers paid for to China and artificial consumption through debt. Washington State, Idaho, Nevada, Illinois, Virginia, Hawaii, Massachusetts, Maryland, Florida, Michigan, Oregon, California and other States are studying the prospect of creating their own state banks like North Dakota has. While countries like China, Japan and Germany create money out of thin air to fund production and encourage savings, the US creates money out of thin air to fund outsourcing, transfers of technology to China and others, military bases abroad and artificial consumption with debt. Not a policy for growth. Trade today is really just a money printing out of thin air game
