1. STATE BANKS
Why States Cannot….
• Create their own currency
• Reject the federal financial system
(Federal
Reserve, FDIC, comptroller, etc.
• Secede
• Be sovereign states:
… Without one.
• State Bank =Alternatives

2. BOISE, IDAHO
ONE IN 21 HOMES IS IN FORECLOSURE

3. SARASOTA, FLORIDA
ONE IN 21 HOMES IS IN FORECLOSURE

4. LAKELAND, FLORIDA
ONE IN 21 HOMES IS IN FORECLOSURE

5. TAMPA, FLORIDA
ONE IN 20 HOMES IS IN FORECLOSURE

6. PORT ST. LUCIE, FLORIDA
ONE IN 20 HOMES IS IN FORECLOSURE

7. SACRAMENTO, CALIFORNIA
ONE IN 19 HOMES IS IN FORECLOSURE

8. NAPLES, FLORIDA
ONE IN 18 HOMES IS IN FORECLOSURE

9. DELTONA, FLORIDA
ONE IN 17 HOMES IS IN FORECLOSURE

10. BAKERSFIELD, CALIFORNIA
ONE IN 17 HOMES IS IN FORECLOSURE

11. RENO, NEVADA
ONE IN 16 HOMES IS IN FORECLOSURE

12. VALLEJO, CALIFORNIA
ONE IN 16 HOMES IS IN FORECLOSURE

13. ORLANDO, FLORIDA
ONE IN 15 HOMES IS IN FORECLOSURE

14. MERCED, CALIFORNIA
ONE IN 14 HOMES IS IN FORECLOSURE

15. STOCKTON, CALIFORNIA
ONE IN 14 HOMES IS IN FORECLOSURE

16. RIVERSIDE, CALIFORNIA
ONE IN 14 HOMES IS IN FORECLOSURE

17. MIAMI, FLORIDA
ONE IN 14 HOMES IS IN FORECLOSURE

18. PHOENIX, ARIZONA
ONE IN 14 HOMES IS IN FORECLOSURE

19. MODESTO, CALIFORNIA
ONE IN 14 HOMES IS IN FORECLOSURE

20. CAPE CORAL, FLORIDA
ONE IN 12 HOMES IS IN FORECLOSURE

21. LAS VEGAS, NEVADA
ONE IN EVERY 9 HOMES IS IN FORECLOSURE

23. CONSTITUTION OF THE UNITED STATES OF AMERICA
ARTICLE 1, SECTION 8
The Congress shall have power to…
…borrow money on the credit of the United States; to regulate commerce
with foreign nations, and among the several States, and with the Indian
Tribes;
The Congress shall have power to…
…coin money, regulate the value thereof, and of foreign coin, and fix the
standard of weights and measures.

24. NATIONAL DEBT HISTORY

25. NORTH DAKOTA STATE BANK RESULTS:
WITH A POPULATION OF ABOUT 650,000, THE NORTH
DAKOTA STATE BANK HAS, DURING THE PAST TEN
YEARS, PAID THE STATE TREASURER MORE THAN $325
MILLION FROM BANK PROFITS.
IN 2010 – THE WORST ECONOMY IN RECENT HISTORY –
NORTH DAKOTA HAD ITS LARGEST FINANCIAL SURPLUS IN
HISTORY.
NORTH DAKOTA TOPS THE LIST OF STATE ECONOMIES YEAR
AFTER YEAR.

26. UNEMPLOYMENT IN 2011
National 9.1%
Colorado 8.5%
North Dakota 3.3%

27. REDUCING TAXES
IN 2011, NORTH DAKOTANS WILL SEE ALMOST $500
MILLION OF THEIR MONEY RETURNED TO THEM IN THE
FORM OF INCOME AND PROPERTY TAX CUTS.
COMBINING 2009 AND 2011 TAX REDUCTIONS, THE
AVERAGE NORTH DAKOTAN WILL ENJOY A 30% TAX
LIABILITY DROP.
THE LEGISLATURE ALSO FUNDED $342 MILLION IN
PROPERTY TAX RELIEF. THE OWNER OF A $150,000 HOME
WILL ENJOY A TAX REDUCTION OF $506.

28. BREAKDOWN, NORTH DAKOTA TAX RELIEF:
$341.79 MILLION: PROPERTY TAX RELIEF. The money is provided to
the superintendent of public instruction for grants to school districts
under the mill levy reduction program.
$120 million: reduces all individual income tax rates by 17.9 percent.
$25 million: reduces all existing corporate income tax rates by 19.5
percent.
$2.125 million: Reduces the financial institutions tax rate from 7
percent to 6.5 percent. Only the state general fund share of the tax
revenue is impacted by this change.
Ref: The tax reduction bill, House Bill 1047

29. GOVERNOR OF THE
STATE IS THE
EQUIVALENT OF
CHAIRMAN OR CEO OF
BANK
ADVISORY BOARD CORRESPONDENT
ADVISORY BOARD
LARGE CREDITS CREDIT AND OTHER
ECONOMY W/
(MAJOR LOAN LINE BANKING
STATE TREASURER
COMMITTEE) SERVICES