Sunday, August 30, 2009

Silver Lining - Let's Get Out of Debt!

Like what's happening to our nation? I don't either. It wasn't that many years ago when a million dollars was a lot of money. It's still a respectable sum but nothing compared to billions and trillions. Now we're talking serious money! It would really be nice if these mind boggling sums weren't debt, but they are and things don't appear to be getting any better. It's time for "We the people" to take informed action.

A youth group connected to the Campaign for Liberty has made up pocket size editions of the US Constitution to distribute to as many people as possible. Makes for good reading. As concerns money, this document clearly assigns the responsibility to Congress "to print and coin money, and to regulate the value thereof." In 1913 this nest of vipers created the Federal Reserve System. The Sixteenth Amendment was adopted by a small quorum of the Senate at Christmas time of that year, when many of their colleagues were at home with their families. Not only was this unconstitutional fraud imposed on the people but the amendment has never been properly ratified. In addition the Sixteenth Amendment specifically stated that it was not authorized to impose any new taxes.

The Federal Reserve prints fiat money out of thin air and lends it to the government at interest. It has never been audited, answers to no one, and has been looting the wealth of this nation for ninety-six years. We have had depressions, inflation, wild business cycles - all the things that the Fed was supposed to help us avoid. During the Great Depression the Fed reduced the money supply by one-third, at the very time when more money should have been made available. The Federal Reserve is a private corporation run by bankers, for bankers, with little regard for the well being of this nation and its people. But this power is only an illusion. Oh, the Fed doesn't have to answer to Congress, the President, or the Supreme Court, but it will ultimately be answerable to the people. And the time is now.

We the people can cancel all debt, personal and private, regardless the number of zeroes involved. It's a simple idea. Let's take it step by step.

The Federal Reserve is a corporation. It charges interest on the loans it makes to the government, therefore it is a for-profit corporation. As a profit making corporation it has never been legislated as immune from paying taxes. Corporations pay income taxes. As a corporation the Federal Reserve is liable for income taxes because it has never been declared exempt, and there is no reason why it should be. Has the Fed ever paid corporate income taxes? Do pigs fly?

The Attorney General of the United States can and will bring formal charges of Income Tax Evasion (remember Al Capone?) against the Federal Reserve if enough of the people stand up and demand it. Write to your Senators and Congressmen, demand that they restore their constitutional mandate and put this corrupt and criminal Central Bank out of business. The interest and penalties alone would be enough to wipe out all our national debt, which is in reality the people's debt.

Get busy.

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