Discussion in 'Economy' started by longknife, Dec 24, 2012.
by Moe Lane (Diary)
Read more @ Need a job? Go. To. North. Dakota. | RedState
As often noted. an increase in jobs equal to the increase for the last four years in North Dakota would not shift the unemployment rate in New York State or California by even one-tenth of a percentage point. The "North Dakota miracle" is nothing but a reflection of the low level of employment in North Dakota to begin with.
best thread ever.
Which brings to mind the notion of securing employment first..then moving.
Not the other way around.
Who needs a job in New York, and California?? There are many workers in those States who are apparently OK with supporting those who don't want to work. It's why they keep voting Democrat.
Exactly. The jobs in north dakota are aluring to those who are having problems getting a job in other locations. Problem is, you have to pay to move yourself, take a big loss in you home from whence you came, try to find the new job, and then move again when the oil jobs run out. Which they will.
Nice nut case crazy con tool web site. Red State.com. But then it is longknife. So what would you expect.
Lots of people returning from N. Dakota, feeling as though they have been led astray. Lots of problems with jobs there. And you will be moving yourself back, because these jobs last until the oil is drilled. And the amount of oil is not that great.
North Dakota is the only state in the union without a current budget deficit, and it's the only state with its own public bank...coincidence?
"Consider this tale of two cities: Grand Forks, North Dakota, suffered massive flooding that left it economically crippled in April 1997. So did East Grand Forks, just across the river in Minnesota.
"Three years later, Grand Forks had lost 3 percent of its population, and East Grand Forks had lost 17 percent.
Those who are pushing for states like Illinois and Washington to create a publicly owned bank insist this difference in economic recovery is no coincidence.
"They give much of the credit for Grand Forks' resiliency-only one minute by car from its Minnesota counterpart-to the 92-year-old Bank of North Dakota, the country's only state-owned bank.
"Its help came in many forms, including a quickly established $25 million line of credit for the city itself."
Reluctant Role Model - American Banker Magazine Article
Really, really good point. No bank disaster there.
Ellen Brown is doing really good work on publicizing public banking options:
"Our money system is not what we have been led to believe. The creation of money has been 'privatized,' or taken over by private money lenders.
"Thomas Jefferson called them 'bold and bankrupt adventurers just pretending to have money.'
"Except for coins, all of our money is now created as loans advanced by private banking institutions — including the privately-owned Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices — and robbing you of the value of your money."
Web of Debt - How Banks And The Federal Reserve Are Bankrupting The Planet...
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