Cancel Federal Reserve Debt
The international bankster crowd attempts to impose austerity measures on the peoples of Ireland, Greece, Spain, Portugal, Italy and now the United States.¬† In their never-ending quest to subjugate the planet, the bankers‚Äô IMF enforcer ‚Äď chronic harasser of Third World governments ‚Äď has turned its sites on the developed world.¬† To further advance their dizzying concentration of economic power, the¬†Illuminati¬†lizard kings threaten to take a giant wrecking ball to the global middle class.¬† They are preparing to eat their young.
No one can argue that the US deficit is not a problem.¬† Much of it accrues to pay interest on the $14 trillion debt.¬† Conservatives argue for slashing entire government departments.¬† Liberals argue for higher taxes on the rich and Pentagon cuts.¬† I agree with these latter proposals.¬† The super-rich paid 90% under Eisenhower.¬† And playing global cop for the London bankers undermines US national security.¬† But at this point even these moves are band aids on a red-ink gushing wound.¬† The belt-way dialogue on the deficit remains locked in a tiny intellectual box created by the corporate media and their Federal Reserve owners.¬† But there is another way.
It is a myth that most of that $14 trillion debt is owed to China or the Persian Gulf oil sheiks.¬† The vast majority- around $10 trillion- is owed to the Eight Families Federal Reserve crowd that just bought another $600 billion in Treasury bonds in what will be yet another failed attempt to stave off the massive deflation which their global race to the slave-wage bottom has created.¬† Here‚Äôs what Obama and Congress¬†should¬†do.
(1 Introduce a Treasury Department-administered infrastructure investment fund, which workers should be strongly encouraged to opt into from their current 401K plans.¬† This is important because the banker‚Äôs stock market casino¬†will¬†crash due to the next eight steps.
(2 De-link the dollar from all currency baskets and IMF special drawing rights.¬† Ban trade in dollars on all global exchanges.¬† Impose currency controls by fixing the dollar at 1:1¬†euro, Chinese¬†yuan, Canadian dollar and Swiss¬†franc; 100:1 Japanese¬†yen.¬† During the 1997 Asian financial crisis, Malaysian Prime Minister Matahir Mohammed fixed the nation‚Äôs currency- the¬†ringit.¬† It was the only currency in the region that did not crash when Rothschild front-man George Soros took aim at the region.
(3 Nationalize the Federal Reserve.¬† Under the Federal Reserve Act there is a provision that allows for the US government to buy back the Fed for $4 billion.¬† Pay this fee, revoke the Fed charter and launch a new US dollar issued by the Treasury Department.¬† With the dollar fixed, the vampires cannot crash it.
(4 Cancel the $10 trillion debt to the¬†Illuminati¬†bankers.¬† Debt obligations to foreign governments and small bond-holders should be honored at par.
(5 Prosecute to the fullest extent of the law all fraudulent transactions involving the financial parasites.¬† Send the FBI to the New York Fed, seize all documents and arrest the perpetrators.
(6 Forget just repealing the Bush tax cuts on the rich.¬† The top tax rate on people who make more than $1 million/ year should be raised to 75%.¬† People making more than $500,000/year should pay 50%.¬† All tax brackets below $125,000/year should see taxcuts.¬† If you get more from government you need to pay for it.¬† The rich get a whole lot more and they should pay for it, instead of billing it to the middle class.