Eco-nomics

THE LIGHT PARTY


How to Painlessly Eliminate The National Debt*

"To err is human, to forgive is divine"

First of all, most people believe The Federal Reserve is a branch of The United States government - it is not. Money that is being loaned to The United States for our many wars, has created a national debt of trillions of dollars. This money is owed to banks privately owned by 13 families and these people, by law, have the right to foreclose on the nation if the nation does not pay it back.

The interest alone keeps increasing at a rate that makes the repayment impossible. If a default is called on the loan these banking families have the legal right to take over The United States and impose a "New Constitution" and new laws upon the people. This of course would be the "New States of America Constitution," that was drawn up years ago in Santa Barbara, California, funded by the Ford Foundation, at a cost of 29 million dollars, and took ten years to complete. You can read this Constitution in it's entirety in the book "Behold a Pale Horse" by William Cooper.


The argument can be made that these banking families who have loaned money to The United States have done so under fraudulent conditions that according to the Constitution, Congress alone has the right to mint and coin money and these Treasury Notes are the money of The United States, and the Federal Reserve Notes are not real money - they are simply I.O.U. notes and The Federal Reserve Act of 1913 has given The Federal Reserve Bank a kind of manipulative power to purchase Treasury Notes with I.O.U. notes.


The Federal Reserve notes are but I.O.U. notes; just as you can write an I.O.U. note to anyone, it is not money, it is simply a notice of debt to the person; the Federal Reserve Notes are but notices of debts, and if someone borrows notices of debt from The Federal Reserve, which is a private corporation, they are not actually borrowing money therefore, they do not have to pay back money. All they have to pay back is I.O.U. notes. All we have to do is pay back the I.O.U. notes to The Federal Reserve Bank. It's that simple . . . and it is a matter of law . . .

By repaying The Federal Reserve Bank with I.O.U.'s we will eliminate our current national debt.


Our next steps are:

a) To exert real pressure on the Congress and/or The Department of the Treasury . . . To get with it and retire the national debt so that we all may retire to fully enjoying our lives . . .


b) To eliminate excessive government waste as outlined by J. Peter Grace's non-profit Organization called "Citizens Against Government Waste . . ." It is $167 Billion savings in the first year, $922 Billion over the next 5 years, and . . .

c) A national commitment of "a sustainable global solar hydrogen economy "

By relieving ourselves of our national debt, we will have taken a quantum leap in relieving ourselves of a major headache . . . (to say the least!) as well as liberating vast sums of money which can be used to successfully resolve our current socio-economic and ecological challenges . . . Through this action, we will dramatically further the process of "Health and Freedom for All."


* Adapted from "The ISIS Connection", A Cosmic Newsletter, Box 1636, Gresham, OR 97030

Copyright © 1996. The Light Party.

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