If we start a dialogue about making all government debt illegal and ending fractional reserve banking, we can seize the initiative in the national debate about our future. I have heard lots of opinions from all walks of life about the dire circumstances of the economy and impending doom. Yesterday I was talking to several black people who told me most blacks still support Obama. I then said there are a thousand studies saying we need to cut world population down to a billion or even half a billion. A recent MIT study said they expect 90% of the people on this planet to die from starvation and plagues. A billion will die when the economy collapses and the 5 billion plus will die when the plagues come and kill the rest of the common folk. No explanation why MIT professors are expecting plagues unless they have federal government contracts. I asked those black people how many blacks they think will be left alive after the Powers That Be kill 90% of us. That can be asked of any group of people. You don’t have to ask men and women over 50. They know they are at the top of the ‘To Die’ list. But what is the life expectancy of an anti-war dissident? Or of someone who wants the Palestinians to be treated fairly? Or what about someone opposed to being forced to eat Genetically Modified Organisms which do release pesticides into our bloodstream and do kill all animals in labs after 3 generations? Yes we need to continue that dialogue asking people if they think the Bilderbergers care enough about them to put them on the list of names whom they will allow to live.
But we also need to start a parallel dialogue about the future we will make for ourselves without the consent of the Powers That Be and the approval of the Mainstream or Corporate media.
On the top of my list for economic reforms is the abolition of all government debt. In the first phase we will have to cancel all state, local and federal debt and of course end loan guarantees. This can easily be done in America. All we have to do is to seize the assets of those who have been stealing tens of trillions of dollars. And also seize the funds of all government agencies listed at http://www.CAFR1.com. I would also cancel $20,000 in personal debts of all US citizens. To spread the program worldwide I would seize all the money laundering banks for 72 hours in the Caribbean, the British Channel Islands and the Isle of Man. I would cancel the 20% British Value Added Tax. I would offer a £10,000 per citizen personal debt cancellation as well as government debt for the United Kingdom and the Republic of Ireland if they joined forces to help us cancel all government debts worldwide.
The logical step after debt cancellation is to pass the Amendment making government debt illegal. Under the current Federal Reserve and Bank of England systems, money can only be created after a debt or loan is made. Instead we would issue a debt free money so we would not need a loan to be taken out to create more money. The government can simply print money rather than print money and bonds promising bondholders to receive interest payments on money they created out of nothing. Checking account money in banks at the present time is created with a loan that requires interest to be paid. All of this is explained in the Notes below.
For the abolition of government debt system to work we would have to also abolish fractional reserve banking under which a thousand dollar deposit can be loaned out to create ten, twenty or even thirty thousand dollars in new check deposits balanced by loan agreements. This has led to an Unpayable Debt Bomb we now face which MIT said will kill a billion people when , not if, it explodes. Government would create all printed currencies and checking account money.
Suppose the money supply is 10 trillion dollars and the economy is growing 5 % a year. Since prices generally reflect a ratio between money supply and goods and services for sale, we can increase the money supply at the same rate as the economy without expecting inflation. In other words if the economy is growing 5% and the money supply is 10 trillion dollars, then the government can increase the money supply 500 billion dollars this year and 525 billion dollars next year. The government can spend half of this money into circulation by repairing America’s crumbling infrastructure and the other half by reducing the burden on younger workers for social security taxes.
There are two economic schools that trace the cycle of Bubbles and Depressions to fractional reserve banking. They are the Austrian school (Ron Paul) and the followers of Hyman Minsky (Steve Keen and Michael Hudson.) See the Notes Below for an in depth explanation of fractional reserve banking and how I synthesize the works of the Austrians and Minsky.
We also have a lot of government worker retirement obligations to fund. I would prefer to make all pensions or promises to pay a certain pension amount in 20 or 30 years illegal. All money is to be transferred in to an account in your name at a trust association this year. These funds would permanently shift economic power away from the banks and the brokerages to us. This would offer everyone self-determination.
Debt cancellation of personal and government debts and the end of fractional reserve banking will end our current crisis and save a few billion lives which just might include yours.
Notes: This first article explains how debt based currencies and fractional reserve banking has doomed us to cycles of Depressions and inflation for centuries. It also synthesizes an economic theory based on the Austrian school and the followers of Hyman Minsky.
Professor Keen, The 11th Marble, Debt Based Money And Fractional Reserve Banking
This next article goes into depth about the criminal nature of our current banking system.
The Federal Reserve From Creation in 1913 To Destruction in 2013
Catherine Austin Fitts On Genocide And The Looting Of America
You might want to look at my background research on the 2012 Bilderberg attending members list which includes Willard Milton Romney.
Annotated Bilderberg 2012 Member List
If You Do Not Learn Real History, You Will Be Dead Really Soon.