Yes my friends, Florida is LEADING THE WAY with Farid Khavari’s Bank of the State of Florida proposal. Thanks to the efforts of people like Ellen Brown and others who have helped spread the idea, Florida is beginning to see the light at the end of it’s budget shortfall tunnel.
While Wall Street’s District of Columbia perpetuates the securitization of toxic debt — appointing yet another Goldman Sachs crony to help ”bend the curve” at the Securities and Exchange Commission – responsible, approachable government, in the State of Florida, is looking out for the common good of it’s citizens. Whether Khavari makes a successful bid for governor or not, the important thing here is his platform, which will help get the message out to even more Floridians, and hopefully the rest of the country.
A cornerstone of the economic plan is to create a Bank of the State of Florida (BSF). We will put the power of modern banking to work for the people of Florida, not for Wall Street. The BSF can be started at no cost to taxpayers, and will be a permanent engine driving Florida’s economy. We can refinance state and local projects at 3%, saving taxpayers billions and balancing state and local budgets without higher taxes.
LET US NOT FORGET that refinancing state and local projects–and financing new projects, in some cases buying down loans in cooperation with privately owned local and regional banks, we CREATE NEW JOBS, getting people off the unemployment roles and back into the productive income-based economy, which in turn stimulates the tax revenue-based credit creation cycle (as opposed to another ”fuel the consumption” stimulus handout with its deficit price tag). I suspect that Florida alone can create more jobs within six months of the implementation of this plan than Obama has created over the past 9 months for all of America.
Other States take note: The Sovereign State Solution is CATCHING ON. The States WILL take this country back from Wall Street, and then hopefully Capitol Hill can figure out whether it’s up to taking the collective Federal debt back from the Monetarist Oligarchy which we have been so shamefully enslaved to with these continuing bailouts.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.