8.New Way to Fund the Central United States Government
•Step 1) Abolish the Federal Reserve Bank.
•Step 2) Prioritize all new currency creation to the United States Government.
•Step 3) All interest on funds loaned out by the United States Government is the property of the Federal Government
•Step 4) Interest on funds issued by the Federal Government could be used to:
a.Pay down the National Debt
b.Fund Medicare, Social Security, single payer health care
c.Replace federal withholding taxes; no more federal income tax system
i. Decrease or eliminate federal income taxes on citizens
ii. Maintain current levels of income taxes on corporations and businesses. The distinction between businesses and citizens is:
1. Businesses are an artifice
2. Citizens have innate rights.
9.Federal Reserve Audit: Support H.R. 1207: Federal Reserve Transparency Act of 2009. Auditing the Federal Reserve Banks, in my opinion, would escalate the need to institute a Federal Constitutional Convention. An audit of this institution could reveal that USA is insolvent.
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Under article 1, section 8, clause 5 of the Constitution – “Only congress has the power, to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.”
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Force the Federal Reserve Banking Institution to pay taxes, they are a private institution and as such are required to declare their profits, losses, and pay taxes. To date, the Federal Reserve Bank has never paid a dime in taxes.
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On June 4, 1963, President John F. Kennedy issued executive order number 11,110 to abolish the Federal Reserve and authorized the government to begin using its silver reserves to back a new United States currency notes. The currency was printed and some of it was issued. On November 22, 1963, President Kennedy was assassinated. Once President Linden Johnson was sworn in, he recalled all of the American silver notes in circulation and introduced legislation to remove even the silver from the coinage minted by the government. Allen Greenspan, former chairmen of the Federal Reserve, was once quoted as saying, “The Federal Reserve is an independent agency, and no other agency of government can overrule actions they we can take. So long as that is in place and there is no evidence of the administration or of congress is requesting that we do things other than what we do, then what the relationships means, does not matter.”
Comments (6)
get rid of the current banking system please.. even though i dont really use my credit cards and if i did i pay it off every time, the reate went from 9% to 20% in three months, im tired of this they make money in every possible way.
Meh. It's often good to have economics separate from partisan politics.
Want to see the surplus money the US government and all states, local governments have? http://CAFR1.com and http://TaxRetirement.com
and support Campaign for Liberty
The collapse of the American economy event list:
1) Congress & Clinton: Passage of S. 900 [106th]: Gramm-Leach-Bliley Act of 1999, which gutted the Banking Act of 1933 (Glass-Stegall Act). This legislation allows banks to buy, sell, and create securities.
2) Congress & Bush: Passage of H.R. 4541: Commodity Futures Modernization Act of 2000, which legalized credit-default swaps (CDS) and made derivatives legal. A derivative is a form of financial gambling upon assets that are not owned by the better and those bets can also be hedged, which is likened to buying insurance on your bet. Securities and Exchange Commission (SEC) never had jurisdiction to moderate or regulate derivative betting, at least during Bush Jr. Administration. Derivative betting quickly became larger than the combined economies of the entire world.
3) Bush Jr. and Secret Societies: The false flag operation called 9/11. Pentagon losses $2 trillion dollars, the records of which are located in the twin towers. The owner of the twin towers would have had to spent millions of dollars to remove asbestoses and had filed multiple requests to demo the twin towers; requests where denied. Bush Jr. admits prior to 9/11 that he wanted to be a war time president. Days after 9/11 a video tape shows an actor posing as Ben Laden, taking credit for the 9/11 attack, it becomes the slim evidence to linking the Taliban in Afghanistan. (The evidence that 9/11 was an inside job is more overwhelming than the evidence it was not. Please take the time to research it yourself.)
4) Bush Jr., Congress, and Supreme Court: The rise of the terrorism tactic to demonize a group of humanity that never attacked the United States, aka. Taliban. United States attacks a sovereign country without permission of the United Nations in direct violation of a signed treaty; this action is in direct violation of the constitution of the United States. The Supreme Court did not uphold the constitution. The United States and Afghanistan war starts October 7th, 2001. Then on May 1, 2003, Bush Jr. declares war on Iraq because they had weapons of mass destruction (lie), to end Saddam Hussein's support for terrorism (lie), and to free the Iraqi people (their system of government kept the religious fanatics in line with fear of a central power). The real reason to invade Iraq was resources (oil), war profiteers (Halliburton, ete.), military defense industry inventory turnover (stimulate the war economy), Bush Jr. will to be a famous war time president and fulfill what daddy started. Whenever in doubt, always follow the money.
5) Bush Jr. and Congress: War Funding - During Bush Jr. two terms, programs were cut or defunded to pay for the war. Much of the war was funded by debt. The fear here is that if taxes were raised to pay for the war in the time it was fought then the people would take more notice of it and complain. To compound the debt and to keep party members complacent, multiple tax breaks for the rich were enacted during a period of two wars.
6) Economy: Stock market crash of October 6, 2008. On October 3, 2008 the DJIA was 10,325, to October 6, the DJIA lost 330 points to 9,995. The DJIA lowest point was on March 6, 2009, at 6,626. Presently, dark pools and insider trading is artificially pumping up the valuation of the DJIA to its present valuation, June 5, 2009, of 8,763. Dark Pool and Insider trading Link: http://www.marketskeptics.com/2009/06/dark-pools-and-insider-trading-growing.html
7) Wall Street Bailout: Hundreds of U.S. banks get bailout money, the big ones are Wells Fargo $25 billion, State Street Corp. $2 billion, Bank of America $25 billion, JPMorgan Chase $25 billion, Citigroup $25 billion, Morgan Stanley $10 billion, Goldman Sachs $10 billion, Bank of New York Mellon $3 billion, Regions Financial $3.5 billion, Sun Trust Banks $3.5 billion, US Bancorp $6.6 billion, BB&T $3.1 billion, American Express $3.4 billion, just to name a few. For the full list visit: http://money.cnn.com/news/specials/storysupplement/bankbailout Banker bailout money to institutions, whose practices would have been considered fraudulent, prior to 1999, is the direct sacking of the U.S. treasury and dilution of the money pool. For those hard working Americans, this means your wages buy less and less as inflation rises.
8) Bush Jr. & Congress: Governments laissez-faire deregulation policies has opened the financial door to creative mortgage industry where predatory lenders seek out marginally acceptable loan applicants to fill collateralized-debt obligation (CDO) with loan assets of marginal worth. Add a little insurance on the CDO, in case the asset defaults, and sell to the world market with triple AAA credit rating. Most of the creative loans contained scheduled rate increases around 2009. The system was set up to bust.
9) United States Economy Erodes then Collapses: The recession began officially in December 2007 and continues to this day. As of June, the national average of unemployment is 9.4%. Unemployment determination does not count those people who have run out of unemployment benefits, lost hope of finding a job, or underemployed. The actual figure is nearer to 20% national average. The economy is determined to be in a depression once unemployment figures reach 10% or more.
10) Government bond market collapse: Foreign nationals had started to reduce the purchasing of U.S. long term bond securities in January 2009 to present. On March 23, 2009, Federal Reserve Bank announces that it is now going to monetize the U.S. debt by committing to buy up to $300 billion in long-term Treasuries over the next six months. The Fed also said it would buy up to an additional $750 billion in agency mortgage backed securities, adding to an existing program to buy $500 billion of agency Mortgage Backed Securities (MBS). It will also double the size of its purchase program for Government Sponsored Enterprise (GSE) debt to $200 billion from $100 billion. Each time the Federal Reserve Bank purchases a junk of the securities, all markets jump in prices as large infusions of unbacked digital currency is created, aka inflation. It is now widely recognized that the bond rating for U.S. securities will be downgraded from AAA to AA, soon.
11) Complete Collapse of the US Dollar: Very few are questioning if this will happen, but when.
KDTroxel, are you predicting a civil war out of all of this?
My question is, "How can we keep one from happening?"
Thanks, Don Wood
H.R. 1207: Federal Reserve Transparency Act of 2009 has over 219 cosigners, all house members. I seriously doubt it will pass the senate and Obama will NOT sign it, he represents the bankers, only. So the whole point is moot.
An orderly public request to each of our respective states to initiate Federal Constitutional Convention would be a bloodless change in government. I will never advocate violence to solve civic problems. Thirty-six states are currently considering declaring sovereignty status under the tenth amendment of the constitution, which states "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people." States sovereignty basically means that each state must ratify legislation passed by the Federal government in order to have the effect of law, under the respective state. Federal laws that pertain to outside the confines of the constitution are the claimed powers of the states. There are a lot of funky laws being considered in DC right now, many of which can break the constitutionally protected gun rights compact. To regulating organic gardens, to medicating mothers, to domestic spy program, to requiring blood (DNA) samples, to funding fraudulent banker bailouts and overburdening the citizens (aka higher federal taxes that take away from state revenues).
Unfortunately, the American citizen sheeple will not get involved until their comfort zone is threatened. The distraction box is to darn entertaining, and they do not mind eating the poisons that are federally allowed/mandated, MSG, aspartame, HFCS, and fluoride. Government will never pass single-payer health care that we the people demand. Our government doesn’t even bother to represent the will of its citizens, they have the distraction box (television) to preach any side of any story they wish. Truth is television is just an advertisement anymore.