How To End The Federal Reserve & Erase The National Debt
How To End The Federal Reserve & Erase The National Debt
The Federal Reserve System and The National Debt are two great scams that have been perpetrated on the American people by Criminal Banksters and Corrupt Politicians.
An Independent Sovereign Nation does NOT need to borrow other people’s money so that Nation can then buy Goods & Services! In other words, the Nation does not need to go into debt by creating bonds “out of thin air” and then sell those bonds to buyers, and then the Nation pay interest on those bonds to the buyers.
And therefore an Independent Sovereign Nation does NOT need a reserve of gold in a vault to pay to bond buyers in the unrealistic event that the Nation cannot pay the interest to the bond holders.
The value of a Nation’s currency is determined by Quantity & Quality of the Goods & Services produced by the Nation, and by the Demand for those Goods & Services by the people of the Nation and the people of other Nations.
The value of a Nation’s currency is NOT determined by the quantity of gold the Nation has stored in a vault.
A Nation’s economy needs an adequate supply of currency to facilitate the buying and selling of Goods & Services between people. Too little currency results in people not having money to buy Goods & Services. Too much currency results in Sellers raising the prices for the Goods & Services they offer, and making those Goods & Services less affordable for poorer people.
The Solution:
The Federal Reserve Bank in Washington D.C. on Constitution Ave. is converted into The U.S. National Bank, and is made subordinate to the U.S. Treasury.
All Federal Reserve Notes (cash) are converted into National Bank Notes.
Only National Bank Notes & Coins can be used to pay taxes, to pay debts, and to buy & sell Goods & Services within the USA.
See: Who Owns The National Debt
The Intragovernmental Debt (about 21%) is erased….”poof, gone!”
The Public Debt owned by the Federal Reserve System (about 27%) is erased….”poof, gone!”
The remaining Public Debt (about 52%) will be paid in-full with National Bank Notes as the bonds mature.
Only The National Bank will be authorized to create loans “out of thin air,” and to determine the interest rate for each loan and its payback schedule.
Commercial Banks will be abolished once all of their outstanding loans have been repaid by the borrowers.
People will get their money from wages earned, dividends on investments, interest on savings, and loans from The National Bank.
Businesses will get their money from profits (sales minus expenses), dividends on investments, interest on savings, the sale of stocks and bonds, and loans from The National Bank.
Investment Businesses can buy and sell other businesses stocks and bonds, but Investment Businesses are forbidden from making loans to other businesses.
Taxes:
There shall be NO personal income taxes and NO business taxes!
There shall only be property taxes, sales taxes, and tariffs on foreign imports.
People & Businesses will pay Property & Sales Taxes to State & Local Governments.
Property & Sales Taxes will be collected by State & Local Governments for their use to pay for State & Local Goods & Services.
State & Local Governments will get their money from Property & Sales Taxes, and loans from The National Bank.
The Federal Government, as an Independent Sovereign Nation, has the authority to create money “out of thin air” in order to pay for Goods & Services, like government employee wages and government contracts. The Federal Government does NOT need to borrow money from anyone.
Inflation will be controlled by erasing the money from the National Economy when loan interest and principal are repaid to the National Bank.
The National Bank will also control inflation by raising loan interest rates, thereby reducing the amount of money requested by people and businesses and State & Local Governments through their loan borrowing.
The Federal Government will also control inflation by reducing its spending on government employees and government contracts.
The National Bank will offer all of the various types of loans, including:
- Credit Cards for revolving short-term debt.
- Mortgage Loans.
- Auto/Boat/Vehicle Loans.
- Student Loans.
- Personal Loans.
- Business Loans.
- State & Local Government Loans.
- No Interest & Non-Repayable Loans to the Poor (Welfare).
For further details, see the following articles:
The Great Bankster Debt Scam!
A New Monetary System With A New National Bank
Sadly, too many people have been duped by the Banksters into believing that an independent sovereign nation needs to borrow other people’s money to fund its operations….it doesn’t!
Likewise, too many people believe that an independent sovereign nation needs to tax its citizen’s income and business’ profits to fund its operations….it doesn’t!
Perhaps the greatest fallacy and deception ever pulled on humanity is that an independent sovereign nation needs to borrow other people’s money in order to fund its operations. IT DOESN’T!
How to Unleash Growth with the American System 2.0
https://www.prometheanaction.com/how-to-unleash-growth-with-the-american-system-2-0/
The American System 2.0 will only be achievable when President Trump understands that an independent sovereign nation-state, such as the USA, doesn’t need to borrow other people’s money to fund its operations.
Three examples from history:
1. The American Colonial Scrip
https://open.substack.com/pub/william3n4z2/p/america-created-its-own-money-in?r=1kb28q&utm_campaign=post&utm_medium=web
2. Lincoln’s “Green Backs.”
https://archive.schillerinstitute.com/educ/hist/2014/0620-lincoln_financed_war.html
3. The British Bradbury Pound.
https://stolenhistory.net/threads/the-bradbury-pound-other-things-you%E2%80%99re-not-supposed-to-know-about.5353/
How To End The Federal Reserve & Erase The National Debt
https://open.substack.com/pub/william3n4z2/p/how-to-end-the-federal-reserve-and?r=1kb28q&utm_campaign=post&utm_medium=web
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web
The Great Bankster Debt Scam!
https://open.substack.com/pub/william3n4z2/p/the-great-bankster-debt-scam?r=1kb28q&utm_campaign=post&utm_medium=web
The American System 2.0 will only be achievable when President Trump understands that an independent sovereign nation-state, such as the USA, doesn’t need to borrow other people’s money to fund its operations.
Three examples from history:
1. The American Colonial Scrip
https://open.substack.com/pub/william3n4z2/p/america-created-its-own-money-in?r=1kb28q&utm_campaign=post&utm_medium=web
2. Lincoln’s “Green Backs.”
3. The British Bradbury Pound.
https://stolenhistory.net/threads/the-bradbury-pound-other-things-you%E2%80%99re-not-supposed-to-know-about.5353/
How To End The Federal Reserve & Erase The National Debt
https://open.substack.com/pub/william3n4z2/p/how-to-end-the-federal-reserve-and?r=1kb28q&utm_campaign=post&utm_medium=web
A New Monetary System with A New National Bank
https://open.substack.com/pub/william3n4z2/p/a-new-monetary-system-with-a-new?r=1kb28q&utm_campaign=post&utm_medium=web
The Great Bankster Debt Scam!
https://open.substack.com/pub/william3n4z2/p/the-great-bankster-debt-scam?r=1kb28q&utm_campaign=post&utm_medium=web