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
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
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
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,
Copyright © 1996. The Light Party.