Getting This Great Nation Out Of Debt!
By Pete on Jan 21, 2009 in Featured, Frugal Living, Money Management
Ok everyone, Obama’s in — the time for change is now!
These idiots in Congress over the last eight years have gotten us into a huge mess! Not to mention that our puppet-president Bush kept vetoing the bills that would have help out the common American, and put his John Hancock (this just in: Hancock is pissed at me for using his name and Bush’s in the same sentence. Sorry, John) on all the ones that only helped the banks. The results of this idiot and his cronies: our economy is in the crapper right now, and we need to at least break the ice towards getting us back on track financially! It is my sincere hopes and dreams that the following will open your eyes to doing just that — please, read on …
U.S. history has proven to us time and time again that printing debt and interest-free currency helps allow our economy to prosper (as long as the honest, can’t-be-bought-off members of Congress control the amount of money that was created). This can then allow more printed dollars into the economy, which will add production, and in the end there will be no inflation. Sweet, huh? Even sweeter: with today’s sophisticated computers we, as a nation, can easily monitor the printing of all money and inflation.
This is what Congress needs to do first, now that Bush and his cronies are out: buy back the FED and/or abolish it altogether (those guys have been robbing this country blind since 1913. Look it up if you don’t believe me). What will this accomplish you ask? Well, all government debt would be automatically eliminated (for real!). Then all remaining debt could be paid as needed with the same type of currency Kennedy issued (debt and interest-free United States Notes) back in the day. For those who don’t know: United States Notes are backed by the full faith of the best government in the world – The U. S. of A. (This is no different than the backing of today’s Federal Reserve Notes). The problem with today’s American economy is that its citizens collect only a small fraction of the interest income on Federal Bonds and Bills. Foreigners really rake it in from this interest, but we are forced to pay the taxes so that they collect interest on our own money (dicks). You may not know this all goes on behind your back, but it all makes perfect sense to the bankers and those in Congress who receive “dirty” money from those same bankers and foreign lobbyists.
Back to the plan, OK? Well, as we start to pay much less interest, government spending will decrease and so will taxes (lower our taxes? What is this guy, a republican or something? No, I don’t like titles. You shouldn’t either). Now, with less taxes to pay, people will be buying more goods and services and our economy will eventually expand (this is what the bankers dread, believe me). Here goes a chain of events from this point on: 1) an expanded economy means more jobs and higher profits for businesses, 2) more profit means increased state/federal business taxes, 3) businesses continue to pay taxes while personal taxes decrease, 4) people will have more money to spend, will buy more stuff and therefore pay increased state sales tax, and finally 5) this will definitely allow the states and nation to balance their budgets without raising real estate taxes. As history has proven to us before (like it always does when we all get together) we will prosper and get back on track — don’t let the media scare you (that’s their job and they seem to be good at it)!
For 95 years now (way too long if you ask me) the Federal Reserve System has literally destroyed our economy. It will take a few years to undo this damage (I never said it was an instant fix. Truth: there are no easy answers to this one. Thanks, Bush [a-hole]). Just as Congress appoints a Postal Service, we should have Congress now appoint an agency to monitor inflation as we exchange our government debt for debt-and- interest-free United States Notes (Cash. Currency. Moolah. Chedda. Whateva’). We need to break up all Central Banks created by the FED and turn this country around: hopefully towards the direction of the Constitution of the United States.
We MUST return the power of the citizens’ money back to the people. People, let’s find a way and triumph during these trying times! BTW: Congratulations, Obama!
If you enjoyed this post, you may wish to:
On Apr 19, 2009, KingofPaupers said:
Jct: From http://johnturmel.com/poembank.htm
Two notes used in America can clearly show the way,
Both legal tender now down south. They can be spent today:
"United States Note" issued by the nation's Treasury,
And "Federal Reserve Note" which is banker's currency.
Their fronts are very similar except the name they state,
Their backs are very different, it means another plate.
The Treasury provided notes for federal expense,
And taxed them back to balance books with numbers that made sense.
In 1913, other plates were given to the banks,
Creation of the money. They gave politicians thanks.
The Government had given banks permission to create,
A batch of brand new money to be lent at interest rate.
The Government then borrowed from them and at their request,
The Congress passed the Income Tax to pay them interest.
One Congressman objected, Louis T. McFadden, loud,
"The greatest crime in history," he said with head unbowed.
Ten dollars out, eleven back, it often takes a while,
But after years, the end result's a melancholy style.
On Apr 19, 2009, KingofPaupers said:
Jct: The money from the Treasury, its use did almost cease,
To pay the interest to banks, the taxes did increase.
And when we ask "The Treasury, why is it never used?"
In answer, we get silence and an attitude bemused.
So to this day the bulk of the American supply,
Is borrowed from the banks at rates that make debts multiply.
All Governments do service debt by taxing you and me,
Instead of letting Treasury create it interest free.
I see no reason for a tax to pay them interest,
When use of plates by Treasury would lower taxes best.
The money from the Treasury was used down south before.
The "Greenbacks" used by Lincoln paid to win the Civil War.
The "Continentals" did their job until King George did state:
"There'll be no use of your own plates, for gold you'll have to wait."
Though we've been told that their revolt was over tax for tea,
Ben Franklin said "The war's because they took our currency."
On Apr 19, 2009, KingofPaupers said:
Jct: Sure, the government could do it right but until it does, people will have to start their own community currencies. Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally!
In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See my banking systems engineering analysis at http://youtube.com/kingofthepaupers with an index of articles at http://johnturmel.com/kotp.htm