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I am Eric Williams or Eric WhoRU, depending on where you might have heard of
me previously.
PART ONE
INTRODUCTION
I am going to talk to you about the two primary topics addressed by Aaron
Russo in his terrific informative eye-opening documentary DVD, “America:
Freedom To Fascism”, in which Aaron does an absolutely outstanding job of
tying together all of the many insidious facts about the Income Tax and the
private ownership of the Central Bank of the United States, known as The
Federal Reserve.
If you have not yet watched Aaron’s wonderful DVD I certainly do encourage
you to do so as soon as you can after absorbing the solution I am going to
present to you here but if you have not yet watched Aaron’s presentation then
you are, perhaps, luckier than others because many of those who have already
watched it have come away very disappointed - an unfortunate result of
nothing more than Aaron’s very wry sense of humor - that is what we are going
to overcome here in this Solutions presentation.
Aaron’s purpose was to get your attention and make you really think about and
talk about these two most serious problems and to consider various possible
solutions to the income tax and the Federal Reserve. What I am going to do
here is present you with “The Rest of the Story” -
Here in this video, I am going to present you with thee - one and only truly
viable solution - the Solution that Aaron Russo has not only prepared you to
accept, but which Aaron has gotten you clamoring for, a Solution for which
Aaron Russo has done a marvelous job of paving the way.
Please note here, that I am speaking in the singular, because there is just
one single Solution to both of these very serious problems, a single solution
which will require the combining of both of these two problems which will
result in the resolution of both.
The two problems are (1), how to eliminate not only the income tax, but
actually all taxation at every level of government, and a way to fund the
government by a different and much more appropriate means, and (2) to re-
organize the ownership and operation of the Central Bank of the United
States, known as The Federal Reserve, in order to totally eliminate the boom
and bust recession cycles with their inherent rampant foreclosures on homes
and other mortgaged collateral.
You heard me correctly, ths Solution I am going to present will allow the
elimination of all taxation at every level of government in the entire
Federation and will not require the elimination of any government funded
programs and will not disrupt the economy in any way - to the contrary - when
this Solution is fully in place - this economy will flourish as never
before!!
I am 72 years of age. have studied the Federal Reserve for 40 years, I have
delved into its darkest secrets, I have read every book I could find
explaining its organization, its origin and how it functions, I have
presented hundreds of lectures to students eager to learn more of this
insidious privately owned central bank.
I have appeared on my own radio show on RBN-Live and as a guest on many other
such shows. I have answered thousands of the same old questions time and
time again and in all of this studying and lecturing never before have I ever
had the pleasure, and the opportunity, of presenting such a marvelous
solution such as I am going to present to you here on this DVD.
I have been encouraged by my friends and supporters to present you with all
of my many past achievements - to woo you into my camp with my very
impressive resume - but I respectfully decline -
If I were to set forth an extensive list of accomplishments which would
overwhelm you with awe, and then, based on my impressive credentials, asked
you to believe me when I informed you that 2+2=4, would you then believe my
revelation because of my impressive pedigree - or - perhaps - merely because
you could understand such a simple solution for yourself without any input
from me ?

This then is the basis of my modesty - that truth stands on its own merit and
is in no need of an advocate - merely someone to present it - that is my
mission - here on this DVD!!
Likewise, I do not ask you to merely believe in what I am going to present to
you - I do not ask you to accept it on faith - but rather - I ask you to
seriously consider the possibilities on their own merit - because what I am
going to present is self evident and I plead with you to use your own
reasoning; your own intellect, to put aside previous notions with which you
have been intentionally indoctrinated all of your lives - to listen very
carefully to what I have to say and that whenever a doubt creeps in -
whenever a question presents itself that seems insurmountable - that when
that happens to you - because it will - that at those times - that you then
return to the basic fundamental Premise of Freedom because the basic of
Freedom is indeed, fundamental, like a granite rock - the truth of which
cannot be denied - and then start again to seek the means of implementing
this great Solution that you will hear me present to you on this DVD.
The Great Premise of Freedom is this:
“How is it that the people of the United States call themselves a free
people, and how is it that they teach their children that they too are free,
when the very government that they created to protect their freedom funds
itself by pointing its guns at them??”
There is something drastically wrong with this picture and it is long past
time that some serious changes be made!! And Aaron Russo has created the
momentum and now it is up to us - to you and to me!!
In all my 40 years of studying these issues I have yet to read or even hear
of anyone other than myself, actually sitting down and designing a solution
to both of these two problems, so very well pointed out to everyone by Aaron
Russo in his AFTF DVD -
When and where has anyone previously actually taken the time and expended the
effort to work out the numerous serious details entailed in the design and
creation of a Central Bank money and government funding system suitable for a
truly free people??
The word “taxation” being nothing more than a euphemism for armed robbery,
if, indeed, there were no other way than taxation, taxation would still be
totally unacceptable as the means of funding the government of a truly free
people - any other consideration, is a mere self delusionary whitewash!!
You will be astounded to hear what I have to offer - that this Solution will
cure all of our economic ills - it will eliminate all taxation at every level
of government without curtailing any government programs, and will replace
taxation (armed robbery), as the means of funding government, by, instead,
using interest collected on loans extended by the reorganized People’s
Central Bank, loans made to private sector borrowers, which loans are already
in place in our every day lives, so we will not have to pay out any more
money than we currently are, and, actually, we will have all of the money we
are now paying out in all kinds of taxes, remaining in our pockets for us to
purchase all those things that we really want and need.
The implementation of this Solution will not cause any economic disruption,
either domestically nor internationally. The economy will continue,
seemingly as it is now, all of the changes will be “behind the scenes”, but
the positive economic benefits enabled by the re-organization of the Federal
Reserve into the People’s Central Bank, will be quite noticeable.
This is obviously a response to Aaron Russo’s DVD, America: From Freedom To
Fascism” - in which Aaron Russo paved the way for our presentation and
implementation of this marvelous Solution.
I have been putting the finishing touches on this combined solution to both
of these problems for the past fifteen years with never a hope of ever being
able to introduce it widely throughout the country - until now, until Aaron
Russo stirred up all the attention he has with his presentation of his eye
opening exposure of both the fraud of the income tax and the insidious nature
of the private ownership of the Central Bank of the United States, known as
the Federal Reserve.
The solution I have devised is basically very simple and, as previously
stated, would allow the phasing out of all taxation at every level of
government without eliminating or curtailing any government programs and
would at the same time cure all of the problems inherent in the privately
owned money lending system that is currently in operation at this time in the
United States.
It is very important to keep this basic premise in mind while considering
this plan because we have been conditioned to believe that we must have
taxation in order to have a strong military - actually - the way the system
of the United States operates it is the other way around, the purpose of
having a strong expensive military is so that the government can have an
excuse to impose taxation -
With Congress acting in concert with the private owners of the Federal
Reserve who create what they call money out of thin air, with absolutely no
substantial backing behind it, and then lend what they created out of thin
air to the government - at interest - so that they can later fleece the
unwitting tax-payers to repay the so-called loans.
Without the Solution I will present here - as a supplement to Aaron’s
revealing documentary - we will wind up with Congress imposing what they
call a “Fair Tax” on the people of the United States - how does a sane person
put the word “FAIR” together, in conjunction with the word “TAX”??
“Fair” Tax - Give me a break!!
And, replacing the Income tax with any other tax is a step backward, in the
wrong direction, and will not only not solve anything - we will - as usual -
once again - be worse off than we are now - when has it ever been different
when politicians have been allowed to devise a solution to problems.
Consider this, again, as I previously stated, and keep this thought foremost
in your mind - please:
“How do a people call themselves a free people, and how do such people teach
their children that they too are free, when the very government they created
to protect their freedom, funds itself by pointing its guns at them??”
And again, I want to once more remind you, that the word, “TAXATION” is
nothing but a euphemism for armed robbery - there is something drastically
wrong with this picture and it needs to be changed and it needs to be changed
now!!
This Solution will fund government by an alternate means, already in place
and functioning, and will enable the total elimination of all taxation, this
Solution will, at the same time, eliminate and put and end to the boom and
bust economic recession cycles we have experienced for the past 70 plus years
and also put an end to the rampant home foreclosures - all of which are
caused by the private lending of money, inherent in the private ownership of
the Federal Reserve itself and not at all, actually, because of the use of a
paper money system - because - of much more importance and of the utmost
significance - is the private lending of money at interest - and the
operative key word here is the word “private” - not the word - “lending” -
when this problem is fully understood - then it becomes clear why usury is
condemned in the Bible - as it should be - and I do likewise fully agree -
but the lending of money at interest and usury are not necessarily always one
and the same thing.
Usury is a lending system where the lender will, as an inevitable aspect
thereof, become the owner of everything and of everyone!! That is what it is
that constitutes usury - I have overcome that very serious deficiency, as you
shall hear.
END OF PART ONE
PART TWO
WHY NOT RETURN TO GOLD AND SILVER ??
Many people in the country are currently clamoring for a return to
Constitutional gold and silver coin, and although that sounds like a
marvelous idea - there are some very seriously insurmountable problems
involved which I will explain as I continue.
First - every country on the entire planet is using a similar privately owned
paper money system as is the United States - and the economy of the United
States is irrevocably intertwined with China, Korea, Japan, India and several
dozen other foreign countries - if the United States were to go to gold and
silver money system - then would the United States not have to pay all of
these foreign obligations with gold and silver??
How long would it be before all of the gold and silver of the United States
was transferred to all of those foreign countries - and then what would we
use for money in the United States??
The foregoing is merely one of the most obvious problems with the US going to
gold and silver - before we could do that though - we must answer the
question - where would the gold come from??
Oh, there are those who say that there is plenty of gold “out there” - well -
that may very well be true but just exactly what does that mean?? “OUT
THERE??”
And who, exactly, does all of that gold that is “out there” belong to?? I
contend that the vast majority of that gold “out there” belongs to the
private owners of the privately owned Federal Reserve, the same bankers who
are robbing us blind now!
Others say that the government could buy the gold - sounds good to me - but
with what and from who?? If paper money were being phased out and being
replaced with gold - what would the government use to pay for all the gold
that it would need, that it would have to buy, for distribution to the people
of the country??
Or to pay for any gold, for that matter??
What owner of gold would sell his gold to the government for a paper money
that was being phased out??
Then, even if this impossible - impossible - impossible
barrier were overcome - how would the gold then be distributed to the people
of the country - and what of the trillions of Federal Reserve Notes held in
foreign countries - how would they be exchanged - or would they just be
ignored??
In addition, there seems to be a great misunderstanding in regard to the
government’s participation in the gold and silver money system as set forth
in the Constitution and as to how that system functioned in the early years
of this Federation.
Under the Constitution the government of the United States did not ever
“issue” money (whatever “issue” means - most usually “issue” means the
government merely prints the money and spends it into circulation - that’s
print, like in paper - not coin as in gold, as did Lincoln print and spend
his Green Backs into circulation - during his so called Civil War).
Under the Constitutional gold and silver money system, the Federal Mint
received raw gold and silver ore from private miners - that is - from private
owners - and the government mint then refined this raw ore down to its purest
possible form and minted that refined metal into coins and then returned the
gold or silver coins to the private owner who brought the raw ore to the Mint
in the first place - the government never ever owned any of that gold.
The government’s only source of revenue back then, was through taxation just
as now - always by the means of armed robbery!!
There is no provision or authorization anywhere in the Constitution for paper
money to be used in the United States - but be that as it may that was in
1787 - this is 2007 - that is 220 years - whether we like it or not -whether
it is Constitutional or not - things have changed!!
And, as you shall learn here - it is not nearly as bad as we have convinced
ourselves; that is, paper money is not nearly as bad as we have been led to
believe.
There is an important axiom to keep in mind here:
“In order to get to where you want to be you first must start from where you
are - not from where you might have been if things had been done differently
in the past.”
And, in doing that - it is very important - crucially important - to be
entirely honest in acknowledging just exactly where you are - presently!!
But - I have been saving the best reason for not going back to Constitutional
gold and silver as the last reason!! And this will surprise you I am sure.
With a gold and silver money system you will still have usury - usury is
inherently inevitable in a gold and silver money system, where the lending of
money at interest is always by private bankers is the means whereby borrowers
acquire money!!
Whether the borrowers are government or private sector borrowers!!
Someone might ask, “Well. If the lending of money by the People’s Central
Bank is so good, and actually does overcome the usury problem, then why can’t
we then have the best of both worlds and just have the People’s Central Bank
loan gold?”“
Gee, why didn’t I think of that - well - actually - I did - I wrote the
script for this DVD - but - to the point - where would the People’s Central
Bank get the gold to lend?? This is not a small problem - and it is totally
insurmountable; it is important to understand that the most significant
hordes of gold are privately owned - there is no reasonable way that the
government can ever acquire possession of all this gold - and neither should
the government be able to do so - where could it possible get any authority
to do so??
It is quite obvious that gold cannot be created by the government nor by any
other entity. The lending of gold will always be under the ownership and
control of private lenders - this will always result in usury!! The ownership
of the borrower by the lender.
The People’s Central Bank, owned by the People of the United States, can
create paper money to fund loans to private sector borrowers and, under an
open ended system such as I have devised - usury will never occur - that is,
the lender will never become the owner of the borrower.
And then we must continually go back and remind ourselves of the
international commercial economy the United States is intertwined with - with
hundreds of other nations all using paper money.
It seems to be commonly believed and accepted that the cause of all of our
economic ills is paper money; so why not a return to Constitutional gold and
silver coin??
Yes, why not?? This may indeed seem to be a desirable and viable option but
before I continue my examination of that possibility and address the
insurmountable problems in doing so, or present the Solution I have in mind,
I want to further explain why our money system has failed time and time again
over the past 200+ years as the country has gone back and forth between paper
money and gold and silver coin - and what has it been that has always seemed
to re-set the stage for a change from one to the other - back and forth from
gold to paper and then - forth and back - from paper to gold and then back
and forth again, over and over??
One basic and entirely overlooked fact is that no matter whether the money
used was gold coin or unbacked paper - the lending of money to both the
government and to private sector borrowers has always remained under the
control and private ownership of private bankers.
A close examination reveals that this private ownership and control of the
lending of money is the basic cause of all of our economic problems!! That
is, the boom and bust recession cycles, with their inherent foreclosures on
home mortgages, is an inherent aspect of a privately owned and privately
controlled money lending system - no matter if the money used is unbacked
paper or 100% pure gold coin. Whenever a change is made from one or the
other, it will only be a matter of time until the economy is once more in
such a state of economic chaos that the only solution will seem again - to be
a switch from whatever is then being used back to gold or back to paper, as
the case may be.
The reason this is inevitable is because in all of these instances in the
past - the lending of money to both the government and to private sector
borrowers has always remained under private ownership and under private
control. Private lenders only lend principal - that is - when a borrower
takes out a $100, 000.00 mortgage on his home, the lender creates (or loans,
in the case of gold money), only enough money to supply the principal of the
loan - in this example the lender would only advance to the borrower,
$100,00.00 dollars (be the money gold or paper), but the borrower agrees,
over the 30 year course of the mortgage, to pay back more than $300,000.00,
where does the additional $200,000.00 come from, whether it be gold or
whether it be paper??
The only possible source borrowers have is for all borrowers to use principal
money brought into circulation when other borrowers take out loans - I call
this, “Musical Mortgages” (after the game, “Musical Chairs”).
When borrowers then make their monthly payments the principal portion of the
payment, of course, is deducted from the outstanding balance and taken out of
circulation.
At the same time the interest portion of the payment is also taken out of
circulation but the borrowers’ obligations are not reduced by the amount of
the interest portion of their monthly payment and when private lenders
receive the interest portion of the payments from the borrowers, the private
lenders put the interest portion of the payment in their pocket (whether its
gold coin or paper money - it makes no difference), this causes the
circulating supply of money to shrink faster than the reduction of the
obligations of all of the borrowers,
this causes an unnatural imbalance in the circulating money supply, resulting
in recessionary bust cycles and inevitable home and other foreclosures -
foreclosures are the one and only means by which a private lender can
actually take a profit - interest - as a profit - is merely smoke and
mirrors. It is mathematically impossible for a private lender to make a
profit called interest - I will explain this more in a moment.
This is true no matter whether the money used is gold coin or unbacked paper
- this is why the Bible forbids usury! It is important to understand that
“interest” and “usury” are not necessarily always one and the same. Usury is
the lending of money at interest in a manner where it is totally impossible
for the borrower to pay both the principal and the interest, and most
importantly, where the ownership of the borrower by the lender is an inherent
aspect of the scheme!!
Why has this been the problem and how does it cause the money system used, be
the money gold coin or paper, to always fail?? The failure is inherent when
the lending of the money is under private control and under private
ownership, when the lending of money is privately owned.
This is because it is impossible for a single source of any item to receive
back more than the single source created and provided to the general
population - I call this, “The Single Source Doctrine”.
As an example, All Chevrolet automobiles are manufactured by General Motors;
neither Ford, Chrysler, nor any other manufacturer produces Chevrolets. So,
if General Motors were to do a general recall of all Chevrolets then the
total number of Chevrolets received back by General Motors could be no more
than the total number of Chevrolets manufactured by General Motors in the
first place - as I previously mentioned - I call this the “Single Source
Doctrine” - Understanding this Single Source Doctrine is very important..
This same Single Source rule applies to the lending of money - when a
borrower borrows $100 dollars the total provided to the borrower by the
lender will be exactly $100 dollars and not one penny more; so the most the
borrower could repay would be $100.
This will clearly be true with paper money but no matter if the money is gold
or unbacked paper, it is still true, as the lender is for all practical
purposes, the single source of the gold coin (I will explain that further in
a moment), and the private lender is most certainly the single source of the
unbacked paper money, the lender cannot actually make a profit called
interest - the lender can only take a profit through the inevitable
foreclosures built into a privately owned closed ended money lending system -
which is usury!!
At first it will seem that what I just said does not make sense because the
lenders of gold do not create the gold and there is certainly additional gold
all over the planet, or at least that is what we have been led to believe.
So how does this work?? Let’s say there were three borrowers who each
borrowed just $100.00 of gold money at 10% interest; so the total lent and
borrowed would be $300.00 gold coins but the total the three borrowers had
agreed to repay to the lender, was $330.00 - so where can the extra $30.00 in
gold coins come from, to pay the interest on the gold loan??
With three borrowers, each one owing $110.00 gold dollars, it would be
possible for two of the borrowers, through normal commerce, to acquire and
repay $110.00 gold coin money each which would indeed show on the books of
the lender as an interest profit of $10.00 on each of those two loans but as
these two borrowers had repaid a total of $220.00 there would then only be
$80.00 gold coins remaining in circulation for the third borrower; so when
the third borrower repaid those $80.00 gold coins the third borrower would
still owe $30.00 more twenty of the original loan and ten of the interest but
as there were only $300.00 lent in the first place, the third borrower would
be unable to repay even the $100.00 that he had borrowed so the lender would
have to show a loss of $20.00 gold coins on the third loan, and, of course,
no profit on the third loan, and actually, the best the lender could have
done on all three loans, taken all together, would be to have come out evenly
on the three loans.
This indicates that it is mathematically impossible for a private lender to
make a profit called interest - this is especially true when the money used
is paper but this principal also applies to loans of gold, which I will
shortly demonstrate.
In this example the lender would have received back a total of only $300.00 -
gold coins - which was exactly the same amount lent in the first place - so
the bottom line on the lender’s books would indicate the lender had broken
even on the three loans - no bottom line profit through interest - but that
is not the end of the sad story, because the third borrower would have
pledged his home as collateral and when the third borrower defaulted on his
loan the lender would foreclose and take the borrowers home!!
The only way, the single one and only way - that private money lenders can
take a profit is through foreclosure on pledged assets and it makes no
difference whether the money be gold coin or unbacked paper.
As I mentioned earlier, I cal l this “The Single Source Doctrine,” or, if you
will, “Musical Mortgages”. I also refer to the private ownership of the
lending of money as a “closed ended money lending system” - the Solution I
have in mind will eliminate these problems inherent in a privately owned
closed ended lending system, by crediting the interest collected on loans
made to private sector borrowers, to the treasuries of the various levels of
government, enabling the interest to be spent back into circulation to
replenish the circulating supply thereby ending the boom and bust recession
cycles and the rampant profit taking foreclosures inherent under the
privately owned closed ended lending system we are currently saddled with.
My point here is that when the lending of money is in private hands the
lenders will soon, inevitably, wind up owning everything and everybody - even
when the money used is 100% pure gold coin.
Some will say, and quite rightly so, that when gold coins are used as money
that as the lenders of gold coin do not create the gold they lend that there
are other secondary sources of gold coin from which borrowers can acquire the
coins needed to pay the gold coin interest on their borrowed gold coin loans.
That this is true is undeniably self evident - at least it is true at the
beginning of a gold coin monetary system cycle - as it is undeniably true
that borrowers can indeed acquire gold from such secondary sources - for
awhile - but as the interest on such loans is repaid such secondary sources
will be severely diminished because, as the gold lenders receive such
secondary gold as interest on their loans, the gold lenders will take that
gold out of circulation - put it in their pocket - or - lend it out to other
borrowers - again with an additional interest surcharge attached; payable in
additional gold coin!!
it is also true that during these early stages of a gold coin monetary system
cycle, that the money lenders will actually make an interest profit as
measured in gold coin; but this bubble will not last and will burst when the
lenders have finally acquired all (or at least most), of this secondary
source gold through interest payments received on their loans of gold coin -
then the foreclosures will begin to occur - such is inevitable as it is an
inherent aspect of a privately owned closed ended lending system, when the
lending of money is under private ownership, and this is the fundamental
meaning and definition of usury and this is why usury is condemned in the
Bible while all other profitable enterprises are Scripturally encouraged.
Please par particular attention to the words, “when the lending of money is
under private ownership”.
The Solution I am going to present will overcome and eliminate this problem
by eliminating the closed ended private ownership of the lending of money and
will place the lending of money under the ownership of the People of the
United States.
The Solution I am going to present is so simple that the vast majority of the
people of the United States will not even know that it has been put into
operation - everything in their daily lives will seem to continue as before,
all of their credit cards, mortgages and other financial obligations will
remain as they are now - the only difference they will notice is that
taxation is being phased out by all levels of government - that is all
taxation - city, county, state and federal will be made obsolete - not
merely the replacement of the income tax with some other tax as will be the
result of Aaron Russo’s DVD if we don’t implement the Solution I am
presenting to you here at this time.
As a preamble to revealing this marvelous solution I want you to once more
very carefully consider these words, “How is it that we call ourselves a free
people, and how is it that we teach our children that they too are free, when
the very government that we created to protect our freedoms, funds itself by
pointing its guns at us??”
There is something most definitely wrong with this picture and it is long
past time that we devised a way to actually establish that we are truly free
rather than merely mouthing empty words!!
Unfortunately, whether we like it or not - government is a necessary evil.
If we do not create and establish a government of our own design and of our
own choosing then we can rest assured that a government that we won’t like
will be imposed upon us by any number of foreign tyrants.
In this modern world governments have grown to be unimaginably expensive and
ours is undoubtedly the most expensive government on the entire planet!!
And we, as a people, have stood by and watched while our Federal government,
the Congress of the United States, has used the privately owned Central Bank
of the United States, known, as the Federal Reserve, a privately owned for
profit corporation, to borrow and squander untold trillions of our future tax
dollars to the point where we are literally facing imminent Federal
bankruptcy - so what can be done to correct this situation??
Simplicity in the Solution to our economic ills is of the utmost importance -
considering that we have some 325 millions of people living in the United
States who are all presently using paper Federal Reserve Notes for their
daily purchases of all of the necessities of life - imagine the continuing
confusion in the market place if this economy were to go to a gold and silver
money system overnight where everything now paid for in paper money were then
paid for in gold, with the balance of the countries of the world still using
paper money - how would the rate of exchange ever be resolved?? How could
market prices ever stabilize??
How long would it be before, through its billions of dollars in sales to Wal-
Mart, China would become the owner of all of the gold of the people of the
United States?? Then what would we use for money?? And this is just one of
the problems with going to a gold money system in 2007.
WHAT IS INFLATION
But before I present the Solution there is another point I need to mention.
What is “inflation” and how does “inflation” take place??
Classically, “inflation” was understood to mean an increase of the
circulating money supply caused when the government spends more money into
circulation than the government collects from the taxpaying population. The
government does this by inflating the money supply with printing press money.
Inflation of the money supply by government spending causes prices to rise.
Rising prices are a symptom of inflation - not the cause.
We frequently hear that the Federal Reserve just pumps money into circulation
and that inflation is the fault of the Federal Reserve - although the Federal
Reserve certainly does play an active role in the inflation of the money
supply it is none the less totally impossible for the Federal Reserve to put
money into circulation (to inflate the circulating money supply), without the
instigation and participation of the borrowing government - this is as
impossible for the Fed to do as it would be for General Motors to put
Chevrolets on the roads without voluntary customers purchasing automobiles!!
The Federal Reserve is NOT the primary culprit - the primary culprit is the
Congress of the United States acting as borrower!! Of additional importance
here is the fact that it is not the fault of paper money - paper money has no
reasoning capabilities - it has no wishes nor dreams - after all - it is just
paper.
Paper money is just paper - how much value can a 2-1/2 inch X 6 inch piece of
paper, with so much ink on both sides that it is almost impossible to find
room to write a phone number on, how much can it actually be worth?? So
how is this scam able to support itself and continue in operation?? How is
it that paper money, created out of thin air - unbacked by anything other
that the purported good faith and credit of the government of the United
States - and that’s a joke - essentially nothing other than worthless IOUs,
which happens to be the classic definition of “fiat money”, how can it be
perceived as having any value what-so-ever??
A fair analysis of the money system of the United States will reveal that we
actually have two money systems operating at the same time - one for the
government and one for the private sector. The Federal Reserve provides all
of the paper money for both of these two systems - the problem is that the
paper money the Fed provides for both systems is identical in appearance.
The very significant difference between the two money systems is that the
money created for the government is indeed worthless unbacked IOU fiat paper
money - while, on the other hand, the paper money created by the Federal
Reserve for private sector borrowers, being identical in appearance to the
paper money created for the government, is backed by the sincere promise of
the private sector borrowers to create goods and services equal to the value
of the money created for private sector borrowers. The money created for
private sector borrowers could not actually have better backing - after all -
why do we want to acquire money - is it because we want the money or is it
because we want what we can get for the money?? Even gold money - is it the
gold that we actually want - or is it not, what we can get for the gold??
So, what we actually want to do is to be able to acquire goods and services
from our fellow economic community members - whom, for the most part, we do
not even know their name - so what we have in the private sector are more or
less anonymous borrowers who back up their loans by providing the goods and
services that we actually want and need - this enables us to then exchange
the money created to fund these private sector loans, for the goods and
services that the loans enabled to be created in the first place - how could
there be a better backing for money than that?? What we need to do to insure
this is to take federal oversight of the central bank away from the Federal
Government and place it in the hands of the legislatures if the Several
States.
It is this private sector value, provided by the private sector borrower,
that enables the worthless FIAT money created to fund government loans,
totally unbacked by anything other than the government’s ability to tax us at
gunpoint - to be perceived as having value. It is the paper money created
and spent into circulation by the government, which is truly and correctly
designated as FIAT money, that erodes the value imbued into the paper money
created for private sector borrowers.
If the money created to fund government loans was printed with red ink and
the money created to fund loans to private sector borrowers was printed with
green ink - who would accept any of the red money??
The problem with our money system is not actually in any way the fault of
what is used as money; the fault is in the men who are in charge of it; (1)
the men who are in charge of the private lending of money - the banksters -
and (2) those men who are in charge of borrowing money for the government -
the gangsters - the politicians - both of these need to be changed!!
The Solution I am going to present here will eliminate the private ownership
of the lending of money (eliminate the closed end aspect) and take the
ability of the government to borrow away from Congress, and actually, will
totally eliminate the ability of the government or the need of the Federal
government to ever borrow - from any lender.
No government can continue indefinitely when such government spends more than
its people are willing or able to provide and the proper determination of
this level of individual government support must be in the hands of and
determined by each individual member of the society for their own personal
individual level of individual participation!! And NOT determined for any
individual by any coercive government entity.
Under this Solution the Congress of the United States will have no control
over, or access to the People’s Central Bank - the People’s Central Bank will
be totally under the control of the People of the United States through the
legislatures of the Several Fifty States - NOT Congress.
Under this Solution, the Federal government (and all governments), will be
absolutely prohibited from borrowing money - from any source -as - under this
Solution - government borrowing will be totally unnecessary!! This will
totally eliminate the ability of Congress to fund projects (to buy votes), by
inflating the money supply.
On that same theme - no more war making powers allowed by Congress or the
President!! The war declaring powers will be assigned to the several state
legislatures. I have worked this our in considerable detail.
Likewise, under this Solution, the Central Bank will no longer be owned by
private banksters. The Central Bank will be under the control of the People
of the United States through the legislatures of the Several Fifty States -
NOT Congress.
Under this Solution, as previously stated, all commercial lending will be
done by or under license of the People’s Central Bank, with the interest
collected on loans to private sector borrowers deposited to the credit of the
Federal Treasury (with an appropriate portion credited to state, county and
city treasuries), and then the interest money will be recycled, by normal
government spending, back into circulation, thus making it into an open
ended lending system which will totally eliminate the privately owned closed
ended lending system and will totally eliminate the boom and bust profit
taking through foreclosure recessions we have been subjected to for at least
the past 70 years.
The implementation of this Solution will place all commercial lending of
money under the authority of the People’s Central Bank. All lending of money
for commercial purposes by any private lender will be subject to an interest
surcharge equal to the interest charged by the People’s Central Bank. All
bank notes (paper money) will be imprinted with the words, “As a condition of
acceptance the holder in due course agrees to not loan this note at interest
without PCB license.”

Privately owned and operated credit unions and similar organization will be
able to loan money under license of the People’s Central bank.
The rate of interest charged will be set by the individual levels of
government (city, county and state), The city government will determine and
add its surcharge, the county and state governments likewise, with the
surcharge for the Federal Government to be determined by the legislatures of
the Several States - NOT BY CONGRESS!!!.
The interest surcharge allowed to be added for the benefit of the Federal
Government shall be the highest agreed to by 75% of the legislatures of the
Several States (with 50 states that would be 37 states). The level suggested
by the lowest 25% of the state legislatures shall be ignored and the People’s
Central Bank branches in all states shall charge and pay the same percentage
of interest on its loans to private sector borrowers, over to the Federal
Government - (this section shall not be construed to prevent any state from
paying an additional amount).
This provision is recognized as being the most unsettled point in this
Solution and may need further revision depending on how high the setting of
interest surcharge is determined in actual practice by the various levels of
government - it may be determined (through practice), that municipal and
county governments are not capable of wielding this awsome responsibility -
in that event the state legislature of such communities would assume that
responsibility.
It is of course acknowledged that the total interest rate agreed to may be in
excess of the interest rate that private sector borrowers might be willing to
pay - which will require the various levels of government to re-consider
their options. The State legislatures shall have final control over the
interest rates set by all levels of government (counties and municipalities
and others of whatever designation) within and under their separate state
jurisdiction.
52.03 xxxxxxxxxxx
In the event that a particular governmental level determines it necessary or
advisable to change the interest charged, such change will not serve to
increase the interest charged on existing loans should the rate be increased
but in the event the interest rate would be lowered, the interest charged on
previously existing loans shall also be lowered; and in the event that
interest is then later increased, any loans where the interest rate had been
lowered, would also be increased but not to a rate higher than originally
agreed to by the private sector borrower.
In no event will any agency of the Federal Government be allowed to exercise
any control, jurisdiction or oversight in regard to the People’s Central
Bank, nor shall the Federal Government (or any level of state government)
ever be allowed to borrow money from the People’s Central Bank or from other
source.
This restriction shall not be construed to prevent any level of state
government from offering and selling bond issues - bond issues will not be
allowed at the Federal level. The Federal Government shall never be allowed
to borrow money from the People’s Central bank nor from any other entity,
foreign or domestic, or otherwise.
The power and authority to declare war is also hereby removed from the
Federal Government and from the President of the United States. All such
powers heretofore residing in the Federal Government are hereby reclaimed by
the Several States.
In the event of an actual military attack by an identifiable recognized
foreign government or entity, upon agreement of 75% of the then viable state
legislatures, a state of war will then be deemed to exist and the president
and Congress notified by electronic or other suitable means.
At the same time the same state legislatures shall determine an amount of
money to be credited to the Treasury of the Federal Government for the
purpose of funding the war, by the Board of Governors of the People’s Central
Bank. In the event that more money is later required the amount to be
advanced to the Federal Government will again be determined by 75% of the
then viable state governments.
The Board of Governors of the People’s Central Bank shall never be
unilaterally authorized to advance additional funds to the Federal Treasury;
all such advances will be under the control of the several state legislatures
and these emergency advances shall never be construed to be loans, to be
interest bearing loans, to the federal government.
The determination that such hostilities have ended shall be achieved when 25%
of the then viable state legislatures shall so determine.
It is self evident that such emergency monetary advances to the Federal
Treasury will be indeed be inflationary. After the hostilities have ceased
the Board of Governors of the People’s Central Bank shall gradually withdraw
money from circulation by withholding credits of interest collected and
designated for credit to the Federal Treasury from the Federal Treasury; this
withdrawal shall be under the direct supervision and authorization and
control of the legislatures of the Several States, by agreement of 75%
thereof (currently, 37 states).
In the event that any member of the Board of Governors is suspected of
corruption such member may be immediately removed from his or her position
when 25% of the state legislatures agree. Conviction of corruption by a
member of the Board of Governors shall be punishable by public execution by a
firing squad!!
Please understand, that in the original Coinage Act, signed into law in 1782
by George Washington, provided therein, the death penalty for any mint
employee who was found guilty of corrupting the coinage of the mint.
THE TOTAL ELIMINATION OF ALL TAXATION
Another substantial benefit of this Solution is that it will allow the
gradual elimination of all taxation at every level of government in the
entire Federation - “Taxation” (as I have previously states), is nothing but
a euphemism for armed robbery!! As I mentioned at the beginning of this
presentation:
“How is it that we can call ourselves a free people, and how is it that we
can teach our children that they to are free, when the very government that
we created to protect our freedoms, funds itself by pointing its guns at
us??”
There is something most definitely wrong with this picture and it is long
past time that we devised a way to actually establish that we are truly free
rather than merely mouthing empty words!!
One more point before I explain the Solution (if I haven’t already given it
away); there are a lot of ideas “out there” about how to fix the mess we are
in that call for a return to the money system set forth in the Constitution.
This does indeed sound like a reasonable and wonderful thing to do but when
we sit down and try to design a plan to do this we find it virtually
impossible for several reasons, some of which are based on a misunderstanding
of how the economy actually functioned in the beginning.
In the beginning of this Federation, the vast majority of the people in this
country lived on their own farms and were totally independently self
sufficient and did not have much need or use for money; borrowing of money
was virtually unheard of - so gold and silver coin worked quite well.
Today, in 2007, the vast majority of our population lives in cities, and are
not in any way self sufficient and have no ability to become self sufficient
and these city dwellers need to use money to acquire every single item they
need in order to live - borrowing and using credit have become established as
a normal way of life and, right or wrong, it is not likely to change.
Additionally, there is a widespread misunderstanding as to how gold and
silver coins got into circulation after the Constitution was adopted. Under
the Constitution money was not spent into circulation nor “issued” by any
agency of the government.
As I previously mentioned, private individuals mined or panned for gold and
silver and then brought their raw ore to the government mints where the gold
or silver was purified and made into coins and then the coins given back to
the private individuals who had brought the raw ore to the mint in the first
place.
At no time in this process did the gold and silver ever belong to the
government - the gold always belonged to the private people who brought the
raw ore to the mint to be made into coins - the government did charge for the
service but that amount was merely to cover the actual cost of coinage and
was not a profit to the government.
Then there are those who suggest that all of the gold in Fort Knox could be
used and made into coins - it is widely believed that there is no significant
gold in Fort Knox but even if there is - how would that gold get into
circulation?? A long nagging question in my mind has been, and is, where in
the Constitution is there any provision whatsoever, providing for or
allowing the government to tax the population in order to acquire a large
pile of gold to be put into Fort Knox - or for any other purpose??
Remember the axiom, “In order to get from where we are to where we would like
to be we first must recognize where we are.”
Remember the axiom, “In order to get from where we are to where we would like
to be we must first recognize where we are “
We are in an international commercial economy. A substantial level of our
economy is internationally based - the entire world is functioning on paper
money - how do we go to a gold money system in the United States while the
rest of the international economy is using paper?? How long would it be
before China, Japan, India, Korea and all of our other international trading
partners acquired all of our gold, when we pay them with gold?? And then,
what would we use for money??
Try to imagine how a transition from paper to gold could be undertaken in a
population of over 325 millions - and what of all the trillions of paper
Federal Reserve notes throughout the planet - how would they be handled??
And that is not the end of this problem.
In presenting the Solution I have in mind I am not going to go into detail
and explain where the money will come from to pay the tellers in the People’s
Central Bank or the janitors who sweep the floors - I will tell you that all
of these incidental expenses will be paid from the interest collected on
loans made to private sector borrowers just as is currently the case.
So what is this Solution, quite simple actually, we Federalize the Federal
Reserve and take its operation totally away from its private owners and
Congress. Members of the Board of Governors of the People’s Central Bank
will be nominated by one of the governors of the Several States with the
state selected through a lottery type selection process on Public TV, and
then the nominee will be evaluated for confirmation by the legislature of yet
a different state, with that state also selected through a lottery type
selection process on Public TV.
The natural jealousy of the Several States will provide the best insurance
against corruption achievable with men involved. The Board of Governors of
the People’s Central bank will not have much to do actually - mostly book-
keeping and publishing of monthly reports to the states and to the public.
The Board of Governors will NOT set interest rates as is currently the
practice.
I mentioned earlier that the Solution I am presenting can be set forth in 22
words; the 22 words needed to set forth this Solution are:
1. “Eliminate all taxation throughout the entire Federation and fund all
levels of government with interest collected on loans to private sector
borrowers.”
Or, stated the other way around, still with 22 words:
2. Federalize the Federal Reserve Bank and use the interest collected on
loans to private sector borrowers to fund all levels of government.
Think of it - no more taxation in the entire country - no more income tax, no
fair tax, no flat tax. No sales tax, no gasoline tax, no property tax, NO TAX
- NO MORE ARMED ROBBERY!!! And again, how does a sane person put the word
“fair” together with the word “tax”??
And this will spread internationally to all other countries, can you imagine
what will happen in England, Germany, Yugoslavia, Russia, China, every
country on the planet when they learn that taxation has been totally
eliminated in the United States and that all government is funded by loans on
interest charged to loans made to private sector borrowers??
Some will say that charging interest on loans is a form of taxation - this is
at best a spurious argument. The fact that taxation is a form of armed
robbery cannot be denied. Taxation is always enforced with the threat of the
government’s gun. No borrower has ever been forced to borrow at the point of
a lender’s gun.
Others will argue that sales tax is likewise voluntary as no one is forced to
purchase items upon which a sales tax has been levied, that people can make
their own clothes and shoes and grow their own food in order to avoid sales
tax - tell that to the millions of people who live in cities - how could such
persons possibly make all or any of the items which they require to sustain
themselves on a day to day basis? And how could they acquire the raw
materials without paying sales tax on the cloth, leather, seeds and
incidental materials and implements needed??
In addition, the implementation of sales tax requires an intrusion of the
government into the private affairs of sellers of goods and services, where
otherwise it is none of the government’s business to inquire; and sales taxes
also require the providers of goods and services to volunteer into a
condition of servitude - isn’t that just a little enigmatic??
How can a person be required to volunteer into a condition of servitude
without such a situation constituting involuntary servitude?? Of course such
persons can avoid such servitude by staying out of business but that is most
certainly an undesirable alternative for all concerned.
Others will argue that the borrowing of money is likewise unavoidable so
interest on loans is likewise actually not voluntary - that economic
pressures will force persons to borrow.
On the surface this argument does appear to be valid, as it is certainly true
that all persons living in cities require at least the use of money in order
to be able to purchase the items they require to sustain themselves on a day
to day basis - however what is required is the use of money - not the
borrowing of money - many people do not have to borrow money themselves in
order to be able to use money, even under the current system.
There are millions of people who live their entire lives without borrowing.
One of the basic contributors to the design of this Solution started and
operated his own business for 22 years without ever borrowing even one dollar
- employing as many as 80 persons - so the argument that borrowing is
necessary or required is simply not true. And making the argument that
interest is a tax would require the same argument to be claimed of all profit
added to the offering of all goods and services - a grocer would have to
offer all of his groceries at his cost as his added profit could very well be
claimed to be a tax which places his products beyond the economic reach of
poor people.
It is certainly true that under this Solution that all money in circulation
will have entered circulation as the principal of some borrowers loan but
that is precisely the same as what we now have under the privately owned
closed ended Federal Reserve System, and as far as this point is concerned,
there has never been a shortage of money in circulation for the use of
persons who themselves never borrow money.
The only time we have a shortage of money under the current evil system, is
when the banksters are taking their profits through foreclosures. That will
not exist under this Solution.
Additionally, if the claim that some persons are forced into borrowing by
economic circumstances were true then those persons will, most likely, not
qualify for a loan from the People’s Central Bank anyway, for if they could
qualify for such a loan the person must not be in as dire an economic
condition as imagined by those who make this argument.
So how do we implement this Solution - this DVD is not copy protected - the
text is copyrighted and may not be altered but everyone is authorized and
encouraged to make as many copies of this DVD, as it is presented. I
strongly urge all of you to copy this DVD and distribute it as widely as you
can - especially where Aaron Russo’s DVD “America: Freedom To Fascism” is
being shown and distributed.
The printed text of this presentation is available on
www.truthseekersnews.com - you are urged to download and print it out and
pass out to those who are not inclined to watch this DVD - in addition -
there is a tri-fold brochure posted on the same web site - download that
brochure, print it out and pass it out. This Video will be on Utube and
Google - urge your friends to go there to watch it. Then urge everyone to
present this Solution to both their State and Federal Congress persons with
their marching orders that we, the People of the United States, demand that
our representatives adopt this Solution and amend the Constitution
appropriately for its implementation as their first order of business after
the 2008 elections.
Congressman Ron Paul of Texas has introduced some 12 bills into Congress over
the past 24 years - calling for the elimination of the Federal Reserve - with
Congressman Ron Paul never ever presenting any plan of how such should be
done - Paul is now going to run for President in 2008 - it is time to put the
heat on Congressman Paul to make him put up or shut up!! Make Presidential
candidate Ron Paul support the Solution that I have laid out on this DVD!!

And likewise, give your marching orders to your state representatives and
state senators, to start the enactment of legislation for the amendment of
the Constitution of the United States, so that this Solution can be
Constitutionally enacted.
Here is my proposed 28th amendment to the US Constitution
Proposed 28th Amendment to eliminate taxation at all levels and to
fix the monetary system:
It being recognized and acknowledged that "TAXATION" is nothing other
than legalized armed robbery; and that the utilization of electricity
has made gold and silver coin inappropriate to be used as money; and
that the interest surcharge attached to money lent by the People s
Central Bank should be the property of the People of the United
States, it is hereby resolved that:
The purpose of this amendment is to eliminate all taxation in the
entire Federation; Federalize the Central Bank and fund all four
levels of government with interest collected on Central Bank Loans
extended to borrowers in the private sector by the People s Central
Bank.
To facilitate the foregoing:
A Central Bank to be known as The People s Central Bank is hereby
created;
The Federal Reserve Act is hereby dissolved;
All monetary obligations and transactions agreed to prior to this
amendment shall continue in effect as agreed to, as though the
Federal Reserve System were still functioning. All Federal Reserve
Notes now in circulation shall be honored by the People s Central
Bank. Such notes shall be replaced from time to time with notes
identical to Federal Reserve Notes with the exception that they will
be imprinted across the top with the words "People s Central Bank
Note" and other minor technical changes. Notes issued as
replacements for Federal Reserve Notes shall be valid to be received
as payment for all obligations previously entered into under the
Federal Reserve System, however no new loans may be made lending
notes of the People s Central Bank without a prior license procured
from the People s Central Bank. All new commercial loans will be
required to bear an interest surcharge payable to the People s
Central Bank; (mortgage loans, business loans, credit card loans and
loans of every nature, other that loans to family members of the
first degree, are deemed to be commercial loans).
Except as hereinafter modified, all monetary activity heretofore
engaged in by the Federal Reserve System are hereby assigned to and
assumed by and will be continued as parties thereto had previously
agreed, by the People s Central Bank;
All facilities previously owned and operated by the Federal Reserve
are hereby Federalized and will hereinafter be owned and operated by
the People s Central Bank.
There is hereby created what shall henseforth be known as "The Board
of Governors of the People s Central Bank". Those men who are
currently serving on the Board of Governors of the Federal Reserve
System are hereby appointed, should they choose to accept such
appointment, to serve on the Board of Governors of the People s
Central Bank, with the same rate of remuneration as previously. The
Board of Governor s of the People s Central Bank shall have no
authority to regulate interest rates nor to engage in any function
what-so-ever with out direct specific instruction from the
Legislatures of the Several States. The Legislatures of the Several
States shall have full, one hundred percent control over the
operations of the People s Central Bank, in every respect. Neither
the Federal Governmnet nor any of the legislatures of the Several
States shall have authority to borrow money from the People s Central
Bank for any purpose what-so-ever;
The following articles and provisions of the Constitution of the
United States of America are specifically repealed and/or modified as
set forth herein below:
**One**
Article 1 Section 1 Clause 3 - Providing for direct taxes to be
apportioned according to population, is replaced as follows: The
interest percentage rate surcharge to be attached to all loans to
private sector borrowers shall be determined, from time to time, by
the legislatures of each of the Several States, by the local
legislatures of each level of government of each local community, as
determined and in accordance with rules established by the State
legislatures of each of the Several States. This Section shall be
liberally construed to accord each level of government as much
autonomy as is reasonably possible any interference thereby by the
state legislatures shall only be asserted upon a request presented by
means of a petition signed by thirty percent of the property owners
of each community so petitioning. The interest rate to be assessed
to provide revenue to the Federal Government shall be determined by
the legislatures of the Several States - NOT by the Federal Congress;
**Two**
Article 1 Section 6 Clause 7 - Bills for raising revenue shall
originate in the House of Representatives, is replaced as follows:
Revenue to support the Federal Government shall be raised as follows:
The State Legislature of each of the Several States shall determine a
rate of interest percentage to be attached to each and every loan
extended by the People s Central Bank to private sector borrowers in
each of the State Legislatures own state. This interest percentage
rate may be unique in each state with no consideration to the
interest level set in any of the other Several States;

**Three**
Article 1 Section 8 Clause 1 -The Congress shall have power to lay
and collect taxes, Duties, Imposts and Excises is replaced as
follows: The Congress of the United States shall nave no authority
to raise revenue. All revenue apportioned to the Federal Government
shall be determined by the legislatures of the Several States, each
State determining for itself the level to be provided to the Federal
Government by its state. When the collected monies are collected and
paid over to the federal Treasure, then and only then may the
Congress of the United States appropriate such monies for Federal
expenditures;
**Four**
Article 1 Section 8 Clause 1 - [Congress shall have power] to borrow
money on the credit of the United States is replaced as follows: The
Congress of the United States shall hove no power what so ever to
borrow money from any source what so ever. If any lender were to
extend credit to the Federal Government of the United States, let
such creditor be hereby advised - such loan will not be repaid
through revenues collected on interest surcharges laid on loans to
private sector borrowers in any of the Several States of this
Federation. Any such lender will have full recourse to sue any
member of Congress who applies for any such loan, on a personal
basis, in order for such lender to recover such loan.
Neither shall any state legislature of any of the Several States, nor
any sub entity thereof, have any authority whatsoever to borrow money
from any source whatsoever and any lender who were to extend any such
loan to any level of government of this Federation may attempt to
recover the principle thereof as previously set forth in this section
above, by suing the legislator, but only in his private capacity;
**Five**
Article 1 Section 8 Clause 5 [Congress shall have power ] To coin
money, regulate the value thereof, and of foreign coin is replaced as
follows: It being recognized that the electrification of human
society has forever made gold and silver coin impractical as a medium
of money, the use of gold and silver coins is replaced by the use of
paper money to enter circulation as the principle of loans extended
by the People s Central Bank to borrowers of the private sector,
backed by the promise of the private sector borrower to create goods
and services equal to the loan principle advanced, together with the
interest surcharge agreed upon, and as from time to time regulated by
statute of each States Legislature, but such interest surcharge is
never to be increased to a level above that which was agreed to by
the private sector borrower at the time and on the date the loan
contract was agreed to.
Nothing in this Amendment shall in any way be construed to in any way
preclude private parties from engaging in agreements to be paid in
gold and/or silver coin (or other agreed to medium), and such
contracts may be enforced in courts of the United States in
accordance with the terms of the subject contracts;
**Six**
Article 1 Section 8 Clause 6 [Congress shall have power ] To provide
for the punishment of counterfeiting ... current coin of the United
States is replaced as follows: [Congress shall have power ] To
provide for the punishment of counterfeiting ... current paper
currency of the People s Central Bank of the United States;
**Seven**
Article 1 Section 8 Clause 11 [Congress shall have power ] To declare
war is replaced as follows: The war declaring powers of this
Federation are hereby reclaimed by the Legislatures of the Several
States.
In the event that the United States or any or its possessions are
attacked by an identifiable foreign power, and the Legislatures of
Seventy-Five percent (75%), of the then surviving Several States then
in Body Assembled shall so declare, then and only then shall the
United States be deemed to be in a state of war. In no event shall
the President of the United States or the Congress of the United
States have authority to engage the military or any other forces of
the United States in any sort of armed conflict with any foreign
power or other foreign entity without the declaration of war approved
by Seventy-Five percent of the then viable State legislatures as
previously set forth herein. In the event that such a condition is
declared - the same percentage of Legislatures of the Several States
as previously set forth herein, shall instruct the Board of Governors
of the People s Central Bank to credit the Treasury of the United
States Government with an amount of money as such Legislatures shall
at that time, or subsequently thereto, deem appropriate - in no event
shall the Congress or the President of the United States have
authority to order the Board of Governors of the People s Central
Bank to advance funds to the credit of the Treasury of the United
States. Such advancements, when approved by the legislatures of the
Several States, shall not be construed as interest bearing loans nor
as loans of any nature - such advancements shall be construed as
advances on what will be the Federal Government s portion of interest
collected on future revenue from interest collected on loans to
private sector borrowers extended by The People s Central Bank;
**Eight**
Article 1 Section 9 Clause 1 Congress may impose a tax or duty on
imported persons is replaced as follows: The Congress of the United
States and the legislatures of the Several States are hereby forever
prohibited from imposing a tax or duty on any transaction of any and
every nature what-so-ever;
**Nine**
Article 1 Section 9 Clause 4 Congress given the authority to lay a
direct tax based on apportionment of population is replaced as
follows: The Congress of the United States and the legislayures of
the Several states are hereby forever prohibited from imposing a tax
or duty on any transaction of any and every nature what-so-ever;
**Ten**
Article 1 Section 9 Clause 5 No tax or duty shall be laid on articles
exported from any state is replaced as follows: The Congress of the
United States and the legislatures of the Several States are hereby
forever prohibited from imposing a tax or duty on any transaction of
any and every nature what-so-ever, and likewise, no state shall ever
have any authority to lay a tax or duty of any nature what-so-ever on
any entity what-so-ever;

**Eleven**
Article 1 Section 9 Clause 6 No preference shall be given by any
regulation of commerce or revenue to the ports of one state over
those of another: nor shall vessels bound to, or from one state, be
obliged to enter, clear, or pay duties in another is replaced as
follows: No preference shall be given by any regulation of commerce
to the ports of one state over those of another: nor shall vessels
bound to, or from one state, be obliged to enter, clear, or pay
duties of any nature to another State or to the United States. The
Congress of the United States and the Legislatures of the Several
States are hereby forever prohibited from imposing a tax or duty on
any transaction of any and every nature what-so-ever;
**Twelve**

Article 1 Section 10 Clause 1 No State shall .... coin money ... make
any Thing but gold and silver Coin a Tender in payment of Debt is
replaced as follows: No state shall enter into any treaty, alliance,
or confederation; grant letters of marque and reprisal; coin or print
money; emit bills of credit; make any thing but notes issued by The
People s Central Bank a tender in payment of debts; pass any bill of
attainder, ex post facto law, or law impairing the obligation of
contracts, or grant any title of nobility.
**Thirteen**
Article 1 Section 10 Clause 2 No state shall, without the consent of
the Congress, lay any imposts or duties on imports or exports, is
replaced as follows: No state shall lay any imposts or duties or tax
of any nature what so ever on imports or exports;
**Fourteen**
Article 1 Section 10 Clause 3 No state shall, without the consent of
Congress, lay any duty of tonnage is replaced as follows: No state
shall, without the consent of Congress, keep troops, or ships of war
in time of peace, enter into any agreement or compact with another
state, or with a foreign power, or engage in a war, unless actually
invaded, or in such imminent danger as will not admit of delay.
Why is this solution and amendment needed?
R ALL BANK LOANS USURY?
The following is the basic underlining problem that is at the root of all other
problems today, so what is the solution? Watch the solution video.

Self evident irrefutable facts about interest charged on loans (1-12 + example).
The following has nothing to do with predatory lending because they are inheren
t with all banks and all loans.
Once the following is understood you will know why it is inherent in the baking
system to have wide spread foreclosures, boom and bust inflation and recession
cycles in the economy,

1. From the many publications that the Federal Reserve prints on its policies an
d procedures on loans, accounting, how money is created, and by its many example
s provided, it is clear that all money circulating in our economy today, came in
to existence because someone borrowed money that was loaned to them from a bank.
The publications all demonstrate that all of the dollars in existence today are
principal money or the money which was originally loaned to someone, who some o
ne still owes and has not paid back yet to the bank. Thus interest money does no
t exist. Interest money meaning the finance charges, and fees associated with ha
ving any bank loan. The Federal Reserve does not demonstrate how the interest mo
ney is created and placed in to the economy in any of its publications because t
he interest money is never created, and doesn’t exist!

2. In any bank loan, including credit cards, since the interest money that is ch
arged to the borrower on the loan amount, also called the principal money borrow
ed, is never created and so the interest money is never in our economies circula
ting money supply, then of course the interest money charged to us by the bank o
n our loan simply doesn’t exist.

3. So the borrowing of money or credit from any bank at interest makes the loan
agreement mathematically impossible to perform as the loan agreement specifies.
As the bank when approving a loan creates the principal money loaned to the borr
ower but the bank does not create nor provide any means, whereby the borrower ca
n acquire the additional interest money to repay the principal money together wi
th the added interest. As there is no source to provide the interest money, ther
e is no possible way a borrower can acquire the interest money.

4. All so called interest charges on a loan can only be paid by collecting other
borrower’s principal money (borrowed into existence) spent into circulation, th
us further reducing the money supply.
5. As when a borrower pays interest, the interest portion of the payment reduces
the principal money supply in circulation, as the entire money supply that exis
ts is always principal money, which was the original loan amount borrowed into e
xistence, who the borrower then spent into the economy.

5A. As interest payments are paid on loans, the entire circulating money supply
or principal money is reduced by the amount of interest money paid, thus default
s and foreclosures on loans are inherent in the Federal Reserve central banking
system amongst borrowers. The issue here is a mathematical one.

5B In order for borrowers to pay the interest portion of the loan, they must fir
st pay more then they borrowed and so more then was created. So for borrowers to
pay their entire principal and interest obligations, they will have to obtain i
t from other borrowers interest money spent into circulation. Thus, causing the
total circulating money supply to shrink or the economy to contract faster then
the total obligations of all borrowers, at any single moment in time. So now the
re isn’t even enough money circulating for all of the borrowers to even pay back
the principal amount either at any single point in time. Thus making it mathema
tically impossible for all borrowers to honor their loan agreements, and pay off
the balance of their loans at any single point in time. Thus why a mathematical
percentage of loans inherently are due to default at any given moment in time a
nd thus the meaning of usury and why it is outlawed in the bible.

6. The most a bank can get paid back is the amount loaned to the borrower in the
first place, It is impossible for the borrower to pay what was agreed to as the
agreement terms specified because of the single source doctrine.

7. Single source doctrine states that when there is a single source (producer) o
f a product produced then the single source (producer) can never collect even on
e more product then the total number of products that the source produced.

8. Since the word interest is defined as or denotes a profit, then the word inte
rest is a deceptive, made up word, and a con job. Because as the single source d
octrine shows there can never be a profit from collecting interest on loans sinc
e only the principal money is created and exists in circulation. To ear a profit
or interest would mean a lender would have to collect more money then is create
d and exists, that would be of course impossible.

9. The Federal Reserve and all member banks create money and lends it at interes
t and all of the borrowers are lead to believe that they will have the means or
capability to pay the principal along with the interest. Again, the bank does no
t create or provide any means whereby the borrower can acquire the additional mo
ney to repay the principal money together with the added interest. As there is n
o source to provide the interest money.
10. And by the bank collecting and withholding the interest money collected from
the borrower, intentionally, knowing full well ahead of the time that it will c
ause an impossible aspect to manifest itself, then doesn’t it seam reasonable to
conclude that the bank has really only placed itself in a bind because it can
not have any just claim on the asset of the borrower because it is the bank who
has caused the borrower to default purposely by collecting and withholding the p
urported interest money from being in circulation, thus causing a short supply o
f principal money and causing the economy to contract. That is the principal mon
ey or the amount of money borrowed, due and owing, is cause to be in short suppl
y in the economy by the very bank the loan was taken from.

11. With the principal money and credit in circulation being in short supply, th
e only way for the borrower to pay off a existing loan is to simply borrow more
money, because it is the only source of expanding the existing money supply ava
ilable to borrowers to pay off their previous loan. Soon there after, the borrow
er will have to take out a 3rd loan to pay off the 2nd loan and so on. In most c
ases this just prolongs the inevitable default at a increasing pace since the in
terest on the new loan is ever accruing. For many of the borrowers who default o
n their loan obligation is because it is inherent of the Federal Reserve central
banking system. The borrowers who do pay off the principal and interest over th
e life of the loan do so by collecting principal money in circulation borrowed i
nto existence by other debtors, thus further reducing the money supply or the am
ount of money owed total in comparison to the amount of money in circulation at
any single point in time.

12. So all borrowers are competing for a ever dwindling money supply in this eco
nomy without ever being aware of it since it has never been disclosed by the ban
k.

For Examples:

Lets ay a $100K is borrowed at interest for 30 years at say $833.33 a month, for
360 months, which totals 300K. That is $100K principal and $200k interest, it w
ould be reasonably possible for a buyer to pay off that loan if properly qualifi
ed, given longevity and income expectancy pan out. But the bank only lent out or
created and placed in circulation$100K, but the borrower owes $300K, so where i
s the other $200K needed to satisfy the entire loan supposed to come from when o
nly $100K exists and is available in circulation, sine that is all the bank crea
ted? In our real world, there of course exists many billions of loans made at va
rious time frames. In the early months of the loan repayment only a tiny fractio
n of he minimum monthly payments due are applied to the principal, all the rest
is interest. So now even after just the first months payment, there already is n
ot enough money in circulation to pay off the total principal amount due. Sol le
ts say out of the $833.33 monthly payment, $800 was interest and only $33.33 app
lied to reduce the principal amount due. So out of the $100K in circulation, $83
3.33 is used to make the first payment, so there is only now 499166.67 left in c
irculation, of which $99,966.67 principal amount is left outstanding, still due
and owing on the loan, making the loan already impossible to satisfy in full. As
the installment agreement gets older, a greater portion of the monthly payment
will be applied towards the monthly principal, However this does not make any di
fference, because all the borrower can pay and all the bank can collect is a tot
al of $100K that is in existence.

Simple example, yet just as true as any real world complex scenerio

Principal loan or loan amount payment made interest paid Principal loan
or loan amount still due money existing in the entire economy
$100,000 $833.33 $800
$100,000-$33.33=$99,966.67 $100,000-$833.33=$99,166.67
So after just one payment, out of all the money left in existance, $99,166.67,
$99,966.67 is still due and owing while. So in this example of just one borrower
, and after just one payment, $800 more is already owed then there exists in the
economy! This is what is meant by the economy is or has contracted, in this sim
ple case, by $800. Now if there are hundreds of millions or even billions of bor
rowers, then just multiply this simple example by hundreds of millions or billio
ns, and you will see the results are the same, just on a much larger scale. This
is why it is so important for the banks to keep loaning more continuously and s
o printing more money into the economy, or else a collapse or a implosion of the
economy is imminent and just a matter of time.