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A local public bank would drastically reduce borrowing costs

To The Daily Sun,

Public banking can be a solution. Thomas Jefferson stated: "If the American people ever allow private banks to control the issue of their currency first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent that their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

My name is Valerie Fraser, a resident of New Hampton and I am hosting a lecture to bring awareness about public banking. We have the power to take steps to stop the ever-growing concentration of power "at the top" and its subsequent political power. We have all been told the Wall Street banks are "too big to fail" when the reality is that they are too big to regulate. The unanticipated consequence of Frank-Dodd is that it is squeezing our smaller community banks and credit unions through stiff regulations, while the big banks ignore it. We all want lower taxes. We are told to lower taxes through lower spending. That may be true. But if spending is lowered too much (austerity) within our current financial system, commerce will slow, jobs will be lost and we won't be any better off.

So, what is the solution? Create a public bank here in Belknap County. Many of our great U.S. presidents fought against private money creation. Ben Franklin said that one of the reasons for the Revolutionary War was England's interference with the colonies' very successful scrip currencies. Public banking is a model used very successfully in the state of North Dakota for almost 100 years and in Germany for 200 years. The massive amounts of money we give the big banks every year is money we could be keeping in house to use for our benefit, and not for the benefit of the big banks. Every citizen deserves economic well-being. We, the people, can become empowered and overthrow the self-serving economic theories and lies.

A public bank will drastically reduce borrowing costs, save tax payers money by eliminating big bank debt servicing fees, enable low-cost financing of public infrastructure projects (I-93 expansion or Belknap County Jail), support community-based banks and credit unions, and create jobs. We don't have to remain trapped in the "tax and spend" or "don't tax and don't spend" cycles. No one wants to work 10 years just to pay the interest (usury) on his house mortgage.

I invite you to attend a lecture I am hosting, on Saturday morning Oct. 25 at the Gordon Nash Library in New Hampton from 10 a.m. to 12:30 p.m. Our guest speaker is Gwendolyn Hallsmith, author and executive director of the public banking institute.org. (www.publicbankinginstitute.org) She will enlighten us on the benefits of public banking. It can be done and now is the time. It is a first step to economic reform and freedom.

It is free and light refreshments will be provided. Please RSVP to Valerie Fraser at 603-455-7344 as seating is limited.

Valerie Fraser

New Hampton

Last Updated on Tuesday, 07 October 2014 10:21

Hits: 155

Joseph Geraci (10-7) 300 BAD CITIZEN

To The Daily Sun,

I ask that the citizens of Belknap County boycott from reading and especially receiving the Laconia Citizen. Since the purchase of the paper several years ago I have noticed the decline in the distribution of the newspaper. I also noticed one of the articles written had not been validated as being correct.

When the paper was first taken over I remember that the weekly subscribers were mandated to take on the Sunday paper in order to keep the home delivery going on daily.

The charge for the Sunday paper was ridiculous, and certainly in my case had nothing of interest. This obviously infuriated many subscribers who had been faithful to the paper from its earlier days before the sale took place.
From my point of view I feel the paper felt that it was independent and could take advantage of its subscribers as being the only game in town.

Like many, I canceled my subscription in disgust of the mandate and have never purchased the paper since. What perturbs me again about The Citizen was Monday when I was trying to find out some information regarding an acquaintance of mine, and when I logged onto the Citizen's website and started to proceed it required me to pay for the news online or not be able to read it.

This infuriates me because I believe the news should be available to all online. The Citizen doesn't get it, that a paper's online service promotes the attitude of a newspaper and also helps build a following. Well, I guess The Citizen chased me away for another 10 years after that encounter.

I thank all of those at the Laconia Daily Sun for bringing competition to our area.

Joseph Geraci

Gilford

Last Updated on Tuesday, 07 October 2014 07:23

Hits: 296

Unless electorate gets more involved in process, we are doomed

To The Daily Sun,

After spending weeks reading the back-and-forth between supporters of various political candidates during this, the political silly season, one thing has become immediately evident to me (and to anyone paying attention): Too many folks on both sides of the political aisle are basing their support or denunciation of the various candidates upon sound bites, highly deceptive negative campaign ads, or upon third-, fourth-, or fifth-hand hearsay. This is disturbing on many levels.

How many times have we heard those decrying "low information voters"? Many times, from my recollection. But what about "too darned lazy voters" or "single-issue voters" or "closed minded, do what they're told voters?" It appears to me that these types of voters have become all too common. This is a problem that plagues both political parties and has undermined the integrity of our elected officials across the board because in some cases candidates none of us would otherwise trust with our money or our children are elected to office where they can do a lot of damage.

When I watch the various attack ads from all of the candidates, more often then not they will contain a small kernel of truth, but that "truth" is blown all out of proportion or distorted to such an extent that the truth is lost, or worst, deliberately buried. We hear the smarmy voice-over that claims "Candidate X voted for/against 'this, that, and the other thing.' Candidate X is wrong for (place state name here)." If anyone bothers to look more deeply at the claim, it usually falls apart because the legislation referenced had numerous other parts that made the bill desirable to vote for or against. The problem is that very few people are actually willing to take a closer look, preferring to let others think for them. They buy the claptrap passing as political dialogue as gospel, and no amount of evidence to the contrary will persuade them to change their minds. The bigger problem is that the leaders of both the Democratic and Republican parties want it that way. Heaven forbid voters should actually do their homework and base their votes upon their own findings. That is supposed to be the basis of the American republic.

However, it's been perverted into nothing more than a scripted popularity contest, where the popularity has no relation to what the candidate will actually do once in office. (We've seen that with the present occupant of the White House: Very popular with a portion of the electorate, but not necessarily competent in the performance of the duties of the office.)

Unless this trend by eligible voters is reversed, our republic is in trouble. We will end up with officeholders who do not have the best interests of all their constituents in mind, much as we do now.

Do I believe it is possible to reverse this trend of know-nothing voters deciding the fate of the nation? Yes, I do. But I also understand the possibility is slim at best. Unless there is a major shakeup to get the electorate more involved with the process, we are doomed to end up like the America seen in the movie "Idiocracy" at best or as another totalitarian state not unlike the old and now defunct Soviet Union at worst. Neither outcome is desirable.

Dale Channing Eddy
Gilford

Last Updated on Monday, 06 October 2014 11:04

Hits: 98

Lisa DiMartino is an effective advocate for Gilford & Meredith

To The Daily Sun,

I am expressing my support for Lisa DiMartino. I have been a longtime Gilford resident and a New Hampshire native.

Lisa is seeking re-election to her second term. She is motivated and has worked to support local business, to help build a stronger local economy and jobs. She has been an advocate for more effective community services for those in need. Lisa co-sponsored a bill on regulating and hoping to eliminate the sale of incense, commonly known as "Spice." It is a product laced with synthetic hallucinogenic chemicals and sold under false pretenses in convenience stores, mainly to younger people who suffer intoxication, sometimes with serious side effects. This is an important issue that needs to be addressed. I believe Lisa will make this a priority in her next term.

Lisa serves on several committees focused on more effective elder care, suicide prevention, and also serves on the Governor's Commission on Disability. Please vote for Lisa so she can continue to be an effective advocate and voice for the communities of Gilford and Meredith.

I encourage your vote for Lisa on election day.

John P. Rogers

Gilford

Last Updated on Monday, 06 October 2014 11:00

Hits: 175

Convention majority wants lowest paid workers to carry burden

To The Daily Sun,

Last Monday evening the Executive Committee of the Belknap County Convention spent 2 1/2 hours validating the last nine months of budget decisions made by the Belknap County Commissioners. They agreed with more than $600,000 of transfer requests made by the commissioners. The commissioners provided answers to such questions as why the nursing home needed a new vegetable steamer (the old one was broken) and other details of the day-to-day management of the county that we elected them to handle. Throughout the lengthy hearing, the commissioners were professional and demonstrated their firm grasp of the county budget.

The only transfer the executive committee didn't approve was for $2,000 for the county administrator's salary, which is half of what this whole charade is really about. The convention leadership wants the commissioners to breach their negotiated salary agreement with the county administrator, and reduce her pay by $20,000 despite the fact that she is paid only about $150 more than the average salary of the seven county administrators who perform only that function. You can see the 2013 County Salary Data on my website — davepollak.com.

The other reason for this ongoing conflict is that the majority on the convention wants the commissioners to breach our contracts with county workers. The convention has not only refused to fund a 1.5 percent raise negotiated in good faith, but has also refused to fund part of the county's contractual obligation to pay the employer portion of employee health insurance costs.

At the same time the convention wants the workers to pay a higher percentage of their health insurance costs, they denied them that 1.5 percent wage increase which would have been the first raise in many years. It may only be a coincidence, but the full-time jobs at the nursing home are very, very hard to fill with positions remaining open for months.

This dispute is clearly not over the competence of the commissioners, whose work was not only confirmed by the convention, but also by the county's independent auditors who gave them a clean bill of health on Sept. 3 of this year. It is about the majority on the convention trying to force the lowest-paid workers to carry an even higher percentage of the burden and punishing the commissioners who are simply trying to live up their agreements and the county administrator whose accounting acumen has been a substantial obstacle to the convention's plans.

Please vote on Nov. 4.

David Pollak

Candidate for Belknap County Commissioner

Laconia

Last Updated on Monday, 06 October 2014 10:56

Hits: 71

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