Introduction:  This experiment is best done in a state like North Dakota which borders Canada and is relatively low population. That way it has fewer borders on states and probably fewer communities that are right across its borders and might object to the competitive prices that are part and parcel of this experiment. As Canada also borders North Dakota and has its own national policies and citizenship benefits you will have less of a tendency toward migration to North Dakota. As Banks create our money and look for reserves later the State Bank of North Dakota ought to be able to create whatever money in whatever form it so desires. The Federal Reserve may try to stop such abilities, but the state of North Dakota may be able to avoid that problem with a state voucher system for goods and services within that state.

A plan such as this could start the equivalent of a financial civil war which is precisely what we need to clarify the motives and ethical shortcomings of the present system and stimulate a grass roots movement against it. Couple this plan with My Business and Consumer Alliance For Monetary Wisdom and Grace and you’ve got a triune movement for social, economic and political freedom and justice\

The Philosophy of The Plan:  The Natural Philosophical Concept of Grace and the Will to Individual Graciousness are the intended purposes of this plan. Any regulations and any extension of the initial plan must honor and completely reflect these intentions.

The Plan

State Sovereign Banking System With an  Overriding Policy of Immanent Freedom For the Individual and Free-flowingness of the State Economy of North Dakota:  North Dakota already has a state bank as we well know. That bank and its policies of returning profits over and above payroll obligations can remain the same. In addition that Bank or a North Dakotan Reserve Bank, whichever is legally more doable, will have the following policies.

Distribution of a Universal Dividend:  In addition we are proposing that a North Dakotan individual citizen’s dividend initially set at $1250/mo. be gifted to everyone 18 years of age and older by the State Bank/State Reserve Bank of North Dakota. This dividend (whether it is in US FRNs or North Dakotan vouchers or a combination of both) is usable for the purchase of any product or service subject to certain restrictions as described below, in North Dakota, and is in addition to any income via work for pay, personal investment or pension.

Reciprocally Gifted Price Deflationary Retail Discount: All businesses have a retail product or service. Every business is invited to voluntarily participate in a program to discount their actual, best competitive and predetermined retail price at a percentage rate of at least 25%. This rate may go higher, but will not go lower. In exchange for their gifting to consumers said businesses are rebated back the entirety of their discounts of actual sales by the State Bank/State Reserve Bank of North Dakota.

Cost Accounting Board:  Also, in exchange for the benefits of this program, all enterprises participating in it will agree to open their books to scrutiny by an accounting board that will look for any discrepancies in accounting of actual costs and so price. Businesses are free to determine their best price first and then apply the discount program, but honest cost accounting  will be rigorously enforced.

Potential Penalties and Loss of Discount Privileges Regulations:

These penalty regulations are graciously applied with the intent of keeping the primary goals of this plan intact, and can be just as graciously lifted if a genuine commitment to those goals is shown by offending businesses. However, as sovereignty/sovereign power wed to the concept of Grace is also realistic justice, permanent loss of privileges will also be an unbiased possibility and fact.

Three Strikes and You’re Out:  If the Cost Accounting Board determines that an enterprise has increased its pre-determined price without any empirically factual costs for having done so they will be issued a warning for the first such incident. A second occurrence will result in a tax of whatever amount over actual costs that the enterprise received in rebated discounts. A third occurrence will result in expulsion from the retail discount program for 6 months. Occurrences of non-factual price raises are  cumulative and without a statute of limitation on the number of infractions.

Underwriting Standards and Limit to Increase in Debt Service Regulations:  Every application for loan(s) commercial or individual will be thoroughly and rigorously vetted for creditability by the State Bank/State Reserve Bank of North Dakota. Loans for speculation in stocks and bonds may be allowed through the State Bank of North Dakota and be eligible for the discount policy so long as they are for speculative investments in traditionally productive activities, however pure financializations such as in derivative products will not be allowed by the State Bank of North Dakota, and any such loans made by Banks and financial organizations other than the State Bank will not be eligible for the retail discount aspect of The Plan.

Additional consumer debt service shall be limited to 20% of the amount of individual dividend for anyone not employed, and any request for more than that will be rigorously vetted. Banks and financial organizations from outside of North Dakota can solicit loans, but will be bound by these same policies and limitations.

Commercial investments in traditionally productive activities in the state of North Dakota will not be restricted except so long as they do not conflict with the above policies.

High Tech and Environmentally Sensitive Re-industrialization Incentive:  The State of North Dakota shall grant tax incentives and the other commercial benefits of The Plan to traditionally productive businesses and industries that want to move to North Dakota, that raise productivity via cutting edge high tech and artificial intelligence, and that also show they are as sensitive as possible to their environmental/ecological impacts.

State Public-Private Alliance For Acculturation to Economic Freedom, Constructive Leisure and Positive Purpose:  Any and all public and private organizations with the intent to create the temporal universe benefits of the concept and/or experience of Grace-graciouness will be invited to cooperate with each other in various programs to enable and actualize Grace-graciousness in organizations and individuals. No prejudice is to be shown for or against individuals or organizations with religious or non-religious beliefs regarding the spiritual or psychological reality of Grace so long as they express their beliefs in a rational and peaceable way, and that shows tolerance and granting of beingness toward others who do not share their beliefs or lack thereof.

Qualification For Benefits of The Plan:  All citizens presently residing in the state for at least 6 months prior to implementation of The Plan are automatically and fully qualified. All new residents must reside in the state for one calendar year to qualify for the dividend aspect of The Plan. Everyone purchasing products and services in the state of North Dakota qualifies for the retail discount aspect of The Plan.

Additional Resulting Benefits:

Reduction of taxes

Permanent increase in individual and aggregate demand and resulting economic stability

c copyright

Steve Hummel

06/14/2016