9-11 Inside Job

World Trade Center Buildings 1, 2 & 7

Fell in Free Fall Time (as if with no resistance)

IMPOSSIBLE WITHOUT EXPLOSIVES

Top 9-11 Articles & Videos


9-11 What You Are Not Being Told Videos

Videos Re: Secret Government

WTC 7 Website

Everybody's Gotta Learn Sometime

Report: Magnet and PDA Sufficient to Change Votes on Voting  Machines

Al-qaeda Is Creation of Bushites and Mass Media

Good 9-11 Truth Video


What Top Players Say about 9-11
The Category of Terror

9/11: Re-examining the 3 WTC High-rise Building "Collapses"


NIST Admits Total Collapse of Twin Towers is Unexplainable


Dr. David Ray Griffin Interview in Copenhagen


New Eyewitnesses to WTC Basement Explosions


Full Movie: How Indeed Did The Twin Towers Collapse?


Barry Jennings Was Witness to WTC 7 Controlled Demo


Patriots Question 9-11 Website


Did Flight 93 Crash in Shanksville, Pa.?


NYC Emergency Service Director-WTC 7 Was Controlled Demo


Hunt Boeing-Shanksville Edition


9-11 Case against Cheney


Analyst: al-Qaeda Tapes Doctored by US Company


WTC 7 Security Official Details Explosions in WTC 7


WTC 7 Set Up for Controlled Demolition for Morning of 9-11


Cheney Was in Command of NORAD on 9-11 Video


Mineta Confirms Cheney Ordered 9-11 Stand-Down


9-11 NIST Report Debunked


9-11 Asbestos Contamination-A Website to Help You


9-11 CNN and Fox Live Video Coverage


Rumsfeld on 9-11: An Enemy Within


9-11 Must Watch Truth Videos


WTC Slow Motion Video-Floors Being Blown Out


Mark Crispin Miller-No to Holt Bill Video


Theft of 2004 Election-What You Must Believe


Jim Fetzer on Hannity & Colmes Re: 9-11 Video


Cutter Charges Confirmed at WTC


NIST Confronted over 9-11

 
WTC Controlled Demolitions-Video


Bush Told of 9-11 Attack Before He Left Florida Hotel


Many Explosions in WTC


Rare WTC 7 Video-Limited Fires


FBI-No Hard Evidence Connecting Bin Laden to 9-11


Open Complicity-Anatomy of 9-11 Cover-Up Video


Professor Jones 10 Part 9-11 Truth Video


CNN Reports Complete Disinfo on 9-11 Video


9-11 and the Evidence


USAF Stand Down on 9-11


Third Stage- Very Good Short 9-11 Truth Video


9-11 Video: WTC Loaded with Explosives


9/11 'Smoking Guns'


9/11 Report: A 571-Page Lie


9-11 Growing Skepticism


Pentagon Official Story is False-Video


WTC 7 The Smoking Gun of 9-11 Video


Flight 93 Crash Site Video-No Plane


Alex Jones-9-11 Holes Video


Webmaster Talks on 9-11

 
Morgan Reynolds Talk on 9-11

  • Expert on Record-Bin Laden Confession a Fake
    CNN Live Report- No Airplane at Pentagon
    Mineta Testimony on Cheney Stand Down/shoot Down Censored

  • 9-11: Case Not Closed Yet

  • 9-11 Mock Trial-Wing TV
    9-11 Research Website Links

  • 9-11 Mystery Movie

  • Loose Change-Final Cut

  • Underlying Politics of 9-11 (Part I)

  • Underlying Politics of 9/11 (Part II)

  • The Category of Terror

  • Webster Tarpley’s Talk on 9-11

  • The 9/11 Commission Report was a Fraud

  • Why Did WTC Collapse?

  • Comments on the Pentagon Strike

  • Hacking Democracy (HBO Special)

  • Diebold Whistleblower Video

  • Video Showing Ease of Hacking Diebold Machine

  • The U.S. Government Still Has The Power To Issue
    Debt-Free Money

    Webmaster's Only Point of Disagreement-Do not pay
    back bogus debt to the Federal Reserve Bank

    Bookmark and Share   
     Debt-Free United States Notes Were Once Issued Under JFK And The U.S. Government Still Has The Power To Issue Debt-Free Money

    The Economic Collapse
    December 19, 2011

    Most Americans have no idea that the U.S. government once issued debt-free money directly into circulation. America once thrived under a debt-free monetary system, and we can do it again. The truth is that the United States is a sovereign nation and it does not need to borrow money from anyone. Back in the days of JFK, Federal Reserve Notes were not the only currency in circulation. Under JFK (at at various other times), a limited number of debt-free United States Notes were issued by the U.S. Treasury and spent by the U.S. government without any new debt being created. In fact, each bill said “United States Note” right at the top. Unfortunately, United States Notes are not being issued today.

    If you stop right now and pull a dollar out of your wallet, what does it say right at the top? It says “Federal Reserve Note”. Normally, the way our current system works is that whenever more Federal Reserve Notes are created more debt is also created. This debt-based monetary system is systematically destroying the wealth of this nation. But it does not have to be this way. The truth is that the U.S. government still has the power under the U.S. Constitution to issue debt-free money, and we need to educate the American people about this.
    Posted below are pictures of the front and the back of a United States Note printed in 1963 while JFK was president….


    Notice that there is a red seal instead of a green seal on the front, and it says “United States Note” rather than “Federal Reserve Note”.
    According to Wikipedia, United States Notes were issued directly into circulation by the U.S. Treasury and they were first used during the Civil War….
    They were originally issued directly into circulation by the U.S. Treasury to pay expenses incurred by the Union during the American Civil War. Over the next century, the legislation governing these notes was modified many times and numerous versions have been issued by the Treasury.
    So why are we using debt-based Federal Reserve Notes today instead of debt-free United States Notes?

    It seems rather stupid, doesn’t it?

    Well, that is what Thomas Edison thought too.

    Thomas Edison was once quoted in the New York Times as saying the following….

    That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

    Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

    But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.

    Our current debt-based monetary system was devised by greedy bankers that wanted to make huge profits by creating money out of thin air and lending it to the U.S. government at interest.

    Sadly, the vast majority of the American people have no idea how money is actually created in this nation.

    In a previous article about money and debt, I explained how more government debt is created whenever the U.S. government puts more money into circulation….

    When the government wants more money, the U.S. government swaps U.S. Treasury bonds for “Federal Reserve notes”, thus creating more government debt. Usually the money isn’t even printed up – most of the time it is just electronically credited to the government. The Federal Reserve creates these “Federal Reserve notes” out of thin air. These Federal Reserve notes are backed by nothing and have no intrinsic value of their own.

    When each new Federal Reserve Note is created, the interest owed by the federal government on that new Federal Reserve Note is not also created at the same time.

    So the amount of government debt that is created actually exceeds the amount of money that is created.


    Isn’t that a stupid system?

    The U.S. Constitution says that the federal government is the one that should actually be issuing our money.

    In particular, according to Article I, Section 8 of the U.S. Constitution, it is the U.S. Congress that has been given the responsibility to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

    So why is a private central banking cartel issuing our money?

    As is the case with so many other issues, we desperately need to get back to the way the U.S. Constitution says that we should be doing things.
    The debt-based Federal Reserve system is literally stealing the future from our children and our grandchildren.

    Back in 1910, a couple years prior to the passage of the Federal Reserve Act, the national debt was only about $2.6 billion.
    A little over 100 years later, our national debt is now more than 5000 timeslarger.

    So why don’t we just admit that this system simply does not work?

    Our current debt-based monetary system also requires very high personal income taxes to pay for it.

    In fact, it is no accident that the personal income tax was introduced at about the same time that the Federal Reserve system originally came into existence.

    Our children, our grandchildren and many generations after that are facing a lifetime of debt slavery because of us.

    As I have written about previously, if the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

    Neither the Republicans or the Democrats are proposing any solutions to this problem. Rather, both parties are only trying to slow down the rate at which we are going into even more debt.

    But the truth is that the federal government does not have to go into a single penny of additional debt.
    How could this be?

    It is not too complicated.

    If Congress took back the power over our currency and started issuing debt-free money a lot of our problems could be fixed.
    A basic plan would look something like this….

    #1) The U.S. Congress votes to take back all of the functions that it has delegated to the Federal Reserve and begins to issue debt-free United States Notes. These United States Notes would have the exact same value as existing Federal Reserve Notes, and over time all existing Federal Reserve Notes would be taken out of circulation.

    #2) The U.S. Congress nationalizes all debt held by the Federal Reserve. That would instantly reduce the national debt by 1.6 trillion dollars. In fact, there are a few members of Congress that have already proposed this.

    #3) A Constitutional amendment is passed limiting future U.S. government deficits to a reasonable percentage of GDP. Any future deficits would not be funded by borrowing. Rather, future deficits would be funded by newly created Federal Reserve Notes. Therefore, the federal government would never again accumulate another penny of debt.

    And it would be important to inject new money into the economy from time to time. When existing money is destroyed or when the population grows it is important to inject a certain amount of new money into the system in order to avoid deflation.

    #4) The existing national debt would be very slowly paid off with newly created United States Notes. The U.S. government spent over 454 billion dollars on interest on the national debt during fiscal year 2011, and over time this expense would go to zero.

    If the national debt is paid off slowly enough, it would not create too much inflation. I believe that it could be paid off gradually over 50 years without shocking the economy too much.

    There are some that would object to any measure that would ever cause a small amount of inflation, but my contention is that we have created a $15 trillion dollar debt mess for future generations, and it would be absolutely criminal to pass that legacy on to them.

    We created this mess, and it is our responsibility to clean it up.

    While there is certainly a danger that we would have a limited amount of inflation under a debt-free monetary system such as the one described above, the reality is that we are absolutely guaranteed inflation under the Federal Reserve system.

    Most Americans believe that inflation is a fact of life, but the sad truth is that the United States has only had a major, ongoing problem with inflation since the Federal Reserve was created back in 1913.

    If you do not believe this, just check out this chart.

    Sadly, the U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created.

    So, yes, there would be a need for strict monetary discipline under a debt-free monetary system, but it would be hard to do worse than the Federal Reserve has already been doing.

    And Congress could always slow down inflation using other methods. For example, raising the reserve requirements for banks (which should be done anyway) would help keep inflation in check.

    If the above proposals were adopted, the end result would be something that we could all live with. The Federal Reserve system would be abolished, the national debt burden on future generations would be wiped out, the economy would not have to go through a devastating economic collapse that could last a decade or longer, and we could eventually make a fairly smooth transition to “hard money” if we wanted to after the national debt is gone.

    Is there any other proposal out there that does all of those things?

    There are many out there that would dispute some of the points above, and debate is good. By engaging in debate, we can hopefully help educate the American people about the nature of money.

    The key is to get rid of our current debt-based Federal Reserve Notes and replace them with debt-free United States Notes.

    The American people need to understand that it is a lie that the U.S. government “must” borrow money from somebody else.

    When the U.S. government borrows money, it slowly transfers wealth from the American people to those that borrowed it.

    At this point, we have created a financial nightmare for future generations that is unlike anything the world has ever seen before. We owe it to future generations to eliminate the debt problem without destroying the United States economy. Adopting debt-free money would allow us to do that.

    But sadly, neither political party is even talking about debt-free money. In fact, most of the politicians in both political parties probably do not even know what debt-free money is.

    So we need to get the American people educated about these things. Because if we stay on the course that we are currently on, an economic collapse is inevitable.
    http://theeconomiccollapseblog.com/archives/debt-free-united-states-notes-were-once-issued-under-jfk-and-the-u-s-government-still-has-the-power-to-issue-debt-free-money

    Google Translation

    If Languages do not appear in  boxes, put cursor over box

    Deutsch Espanol Francais Italiano Portugues Russian Arabic Japanese Korean Simplified Chinese Learn More  


    Welcome to those Readers
    outside of the U.S.. Please
    use the Google Application above.
    only search This Site


    _________________
    Featured Articles

    & Videos
    _________________

     
    Interview with Naomi Wolf author of "Give Me Liberty: A Handbook for American Revolutionaries"



    Zeitgeist Movie-New Version-Monetary System Exposed


    Top Archived

    Articles and Videos

    Everybody's Gotta Learn Sometime

    Evolution of Evil-Plutocracy Controls Politics

    How Israel Duped U.S. into Fighting their Wars

    Bush's Martial Law Plan-He Will Not Show to Congress   

    Why Dems Will Not Impeach-by Joe, Webmaster

    History of Money-What Banks Don't Want You to Know

    Dual Citizenship-Loyal to Whom

    Who Is Congress Listening To? Not Us. Then Who?

    Coming Fiscal Doom

    Bush Family Connection to JFK Assasination-Must
    Watch

    Creeping Fascism: From Nazi Germany to Post 9-11 USA

    Al-qaeda Is Creation of Bushites and Mass Media

    9-11 Truth Manifesto-Article V Constitutional Convention

    9-11, Iraq, PNAC-All Roads Lead to Israel

    Impending Destruction of US Economy



    Just Foreign Policy Iraqi Death Estimator

    Mega Lie-War on Terror

    10 Films the US Government Would Rather You Not See

    All Roads Lead to Dick Cheney

    Averting WWIII-Ending Dollar Hegemony and Imperialism

    Neocons Use of False Narratives

    Why Dems Took Impeachment of Cheney Off Table

    AIPAC'S Power Base

    Rapture Ready Video: Christians United for Israel

    End of America-Talk by Naomi Wolf

    Federal Reserve Bank Scam Video-Easily Understood

    Money Masters-Part 1

    Money Masters-Part 2

    Depleted Uranium Atrocity Video

    Iran President on Holocaust-Video

    Overthrow: America's Century of Regime Change Video

    Essential Films on Globalization

    Scott Ritter-Middle East Abyss-Videos

    Bush Knew Sadam Had No WMD's

    Lie of Century-All Wars Are Based on Deception


    The Biggest Scam in History

    Israeli Neocon Connection Video

    Open Complicity-Anatomy of 9-11 Cover-Up Video-MUST WATCH

    Israeli Lobby-Portrait of a Great Taboo-Video

    Top Federal Reserve Bank Scam Articles and Videos

     

    Bill Moyers' Talk on Media Reform-Part 1