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IMAGINE… Ending Government Debt and Fixing the Fed
 by: Michael Lindsay

There are many who fear that a small, powerful group is intent on conquering the world through deceit and secrecy, and many labels are used to describe them: conspiracy theorists, right-wingers, revolutionaries, traitors, idiots and so on. Their fear is based on bits of facts, gleaned and compiled in their quest for knowledge and understanding.

Today the United States of America stands on a precipice. Capitol Hill reeks of bipartisan bickering and power-mongering. Our Federal and State institutions have accumulated such enormous debts that they teeter on bankruptcy. We need to restore a sense of normalcy, regardless of how we got to this cliff or who's really responsible. If we don't act until we get the whole truth about the meltdown, this cliff may collapse under us.

To achieve the continuity, peace and harmony we desire, and to maintain our sovereignty, we must stand and face the fears that keep us from a future that is not out of our control. The events of the past have swept us to this moment. Will you forfeit your power to control it, as before, or seize it with fervent determination?

The conspiracy theorists are not completely wrong, but much has been withheld from the public by the profiteering elite in power. Don't get me wrong; the theorists have accumulated enough facts to make you see red. Now that the villains have been unmasked-the commercial bankers, the Bildeberg group, members of our Council on Foreign Relations, the Trilateral Commission, and numerous corporate elitists-this new series is my attempt to find a common solution that benefits all, not a select few.

DEBT is something owed, an obligation or liability to pay or render something to someone else. The United States' debt is in the form of Treasury bonds, issued as ninety-day, six-month, one-year, and multi-year (5, 7, 10, 30) Treasury instruments.

We, the People are obligated to pay back this debt as Federal and State taxes. This debt requires us to forfeit a portion of our labor, and pay we must or risk incarceration. How did this happen??

We never acted to rein in the power to create this obligation, and were swept along by events over which we forfeited control. We placed our power and our trust in elected representatives who betrayed their fiduciary responsibility by allowing a select few to install a system of slavery.

We did nothing to prevent it. These debt obligations are issued by the U.S. Treasury, our State legislators, and our local elected leaders. We gave them a heap of blank checks and forfeited the right to decide whether such obligations should be heaped upon us.

Our inaction has brought us to this crisis and, sadly, history shows the people never act until they're in a state of desperation. So let's stop complaining and actually FIX IT!

HOW? Unlike the merchants of avarice who believe they're best qualified to decide your future, I believe you should determine your own direction. I wish to give you all the information possible, let you see the road ahead, and choose for yourself.

We must first establish that anyone who supports a debt-based monetary system that benefits an elite few cannot be permitted to hold any elected or appointed office of our government. We must then elect representatives who will put forth legislation to reform the monetary system for the benefit of all-ensuring that (1) no more debt is ever issued without all citizens' complete approval, and (2) until that debt is retired, no additional debt can be heaped upon our shoulders ever again.

Listen to a Senator who's so fed up with Capitol Hill bullshit that he's retiring. According to the Yahoo! News blog, Senator Evan Bayh (D-IN) on Tuesday "declared the American political system 'dysfunctional,' riddled with 'brain-dead partisanship' and permanent campaigning" and that "the American people needed to deliver a 'shock' to Congress by voting incumbents out en masse and replacing them with people interested in reforming the process and governing for the good of the people, rather than deep-pocketed special-interest groups."

WHY IS REFORM NEEDED? We use a private, central-bank corporation, known as the Federal Reserve (the Fed), to issue enough currency into circulation to allow commerce to flow evenly throughout the nation. Today the dollar is the world's currency (money) of choice. There's a reason for this, folks: Our nation can survive without a single import. We posses all the natural resources to feed, house and clothe each and every American citizen. Hell, the only pool of medium in circulation today that's big enough to support the transactions needed for resources used by everyone on the planet, such as oil, is the U.S. dollar.

Our Fed creates money out of thin air, buys the obligation bonds from the Treasury through its New York branch (the New York Fed), and distributes those bonds at a profit to its member banks, who resell them. I buy them; don't you? As long as they keep taxing you, I get paid.

So what happens if we remove the power we granted the Fed in 1913, the right to charge us for OUR money? They'll lose the right to create interest-debt out of thin air. This is the reform we need. Should the Treasury then continue to issue bonds? NO! The Treasury will issue only new legal tender and pay the Fed a quarter-point administration fee for overseeing transactions. The Fed and their member banks will lend depositors' savings to individuals and business as desired. No more usury rates; no more mortgages at 10. Best of all, there'll be no more income taxes! Every business will have a profit increase due to the reduction in payroll taxes. Every worker-that's you and me-will get an automatic pay raise of 10% or more, depending on your tax bracket.

But let's not forget that we're all citizen-consumers. We need boundaries to ensure proper resource utilization, including the availability of necessary services. Our former bankers abused our naďveté about such processes and stole from us. They'll mend their ways when they realize that unless We, the People participate, they'll have nothing.

WHAT KIND OF REFORM IS NEEDED? We must conquer our conniving commercial bankers and profiteers, take back the system, and put them to work as our administrators-stopping their plan for a one-world money system dead in its tracks. I believe a one-world, resource-based currency is best for everyone on this planet, not our current system based on debt obligation.

There must be adequate medium (currency) in circulation for transactions to flow smoothly, based on a nation's population and utilization of resources. Too much medium will cause deflation; not enough, inflation. Manipulated scarcity, an infamous corporate tactic, must be monitored as well. No more hiding full tankers out at sea to raise the profit on the oil waiting to make port! Forfeiture of profit should be considered as a penalty.

We'll have the bankers report with total transparency to our Congressional Oversight Committee how much medium is needed for commerce to flow smoothly, and accurately inform the Treasury how much legal tender is needed in circulation. All of this will be reported daily in print and on the Federal website. Don't worry; they've become super-expert at manipulating the amount of available currency over time. If you think allowing debt instruments to be securitized and resold escaped notice by our central and commercial bankers, think again. Now the commercial bankers own the investment bankers, many of whom are being disciplined for their bad behavior.

To fully understand the plan in place, look at the creation of the Europe Union. The underlying reasoning was correct, but the methods were criminal. Example: Jean Monnet, architect of the Europe Union and the euro.

According to Dr. Myrto Tsakatika, Lecturer in European politics at the University of Essex (all emphases are mine):

Monnet's aim was to unite Europe so that the devastation of war and economic destruction that it witnessed during the two world wars of the twentieth century would not be repeated. This was not a new idea; what was new was the way, or the method which he envisaged for the uniting of Europe. Europe, Monnet writes in his Memoirs: "will not be built all at once, or as a single whole: it will be built by concrete achievements which first create de facto solidarity." (Monnet, 1978: 300).

The way to unite Europe would be to show the States their common interests and convince them to act on these interests, pursuing them on a permanent basis. Concerted action was to be a "concrete achievement", insofar as there was continuity and institutionalization of a variety of partial projects of co-operation on economic and social issues the common projects that would result from it. These projects would habituate European states and their citizens in co-operation. Gradually co-operation would be needed on other projects and whole sectors of common activity, due to the inter-dependence that would emerge from initial co-operation.

Given time, Europe would become united without realizing it, as common projects would lead European states to pool their sovereignties.

The Monnet plan stood on two clearly distinguishable intellectual premises. The first premise was neo-functionalist incrementalism: In the fifties and sixties, neo-functionalism was highly influential in attempts to explain the impetus towards European Integration. Since then, although it has gone through modifications and reappraisals, it has been and continues to be one of the most influential approaches to European integration. At its core was the concept of "spillover", the prediction that once initially triggered, European integration, at least at the economic level, would be self-sustaining. Initial co-operation on partial, but well-focused projects would get the internal dynamics of the community going, leading it to further co-operation. Cooperation in one sector would gradually require co-operation in other sectors (Lindberg, 1963: 10-11). Economic inter-dependence would be the drive behind this movement towards integration, which would proceed quasi-automatically "functional spillover", not political decision, i.e. an overarching public political agreement or a constitution. The consideration here was that the political sphere can be separated from the socio-economic sphere [the creation of a world central banking system] and that political union would come, if at all, at the end of a long process of economic engagement and intradependence.

Citizen allegiance and support was not initially necessary; rather it would follow from the "spill-over" process, as loyalties would be "redirected" from the national to the European level (Haas, 1958: 16).

The second intellectual premise of the Monnet plan was technocratic elitism: Jack Hayward claims that Monnet was: "accustomed to the manipulation of politicians whose expectancy of high office in any government was likely to be short-lived and of bureaucrats more inclined to inertia than innovation" (Hayward, 1996: 252).

Monnet's general preference for governance by a technocratic elite, in other words, was due to his experience of the Fourth French Republic and to the operation of the French Planning Commission, which he headed after the war (Page, 1997: 5). Monnet experienced the instability and inefficiency of the governance of France, which was due to the radical and conflict-ridden parliamentary politics of the time, and he sought not to inflict the new European project with those shortcomings. Instead, he was in favour of governance by a small group of experts, because technocratic governance had been, in his view, the stable, long-term oriented and "responsible" element throughout the Fourth French Republic. (DuchĂne, 1996: 51-53)

The flaw in the plan is the creation of interest-debt at the inception of the medium so the technocratic elite maintain the ability to control the population.

The central banking system used in the U.S. since 1913 is based on a monetary principal of interest-debt created out of thin air specifically to control a population by a select few protecting their own best interests. The underlying profit method within the system's design creates economic slavery by piling on obligations without consent and without equal consideration given when the interest-debt is created. NO MORE!

I believe that my generation and especially my children's generation should not bear the burden of the debt created by our current system. No sovereign nation should create a burden to pay on its citizens. You can end Washington's political power struggle by registering as an independent voter and writing in the names of your choice of representatives.

Current U.S. dollar, the Federal Reserve Note


" The Federal Reserve no longer issues currency supported by debt instruments that are backed by a income tax structure on the nations population.

" The outrage of collecting both interest and principal from workers is over.

" Money is a means for commerce and interaction.

" A commercial banker offered me 6-billion-to-one odds that U.S. citizens would choose to continue to pay them the interest-debt they create out of thin air.

I hereby accept his wager, my fellow Americans; I believe your strength and courage will prove him wrong!

Now IMAGINE . . .

A Monetary System Without

Interest-Debt Created Out of Thin Air

IMAGINE a medium (money) issued for the benefit of everyone, not the elite who control the privately-owned central banking system in use today.

If you can't, then try this: No more INCOME TAXES and no more INFLATION!

About The Author

Michael Lindsay is a writer. His soon to be released novel, "A THRONE AWAITS" is published by Centurion Press. His current article series, "IMAGINE" is available at
The author invites you to visit:


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