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MONETARY
POLICY to FINANCE FUTURE
Under the
proposed U.S. Constitution for 21st Century
and Beyond, a new, fair, valid monetary policy will be
established:
- To
advance human, economic, and national
progress
- To
ensure freedom and progress for--not
impose economic servitude and slavery
upon--citizens
- To
recapture $1 trillion annually in buying power for
citizens, business, and government--now
unconstitutionally extorted from citizens
by banks and other financial institutions for use of
citizen-owned money supply
- To
emancipate 25-50 million American individuals and
families from economic servitude and slavery. Under
the monetary policy based on the Federal Reserve System,
home buyers--with a 30-year mortgage for a house costing
$100,000--are required to pay $300,000. As a
result, they WORK 10 YEARS to pay for the house and
property and 20 YEARS to pay off financial
institutions. In essence, this means: 20
years of economic servitude and slavery to
the financial institutions: a clear violation of
Amendment XIII of the Constitution mandating that
"
neither slavery nor involuntary
servitude
shall exist within the United
States
.".
The new
U.S. Constitution for 21st Century and
Beyond will prohibit economic servitude and human
slavery. As well, it will accomplish additional
objectives:
- To
protect businesses, individuals, and government from
extortion by banks and financial institutions for
interest on debts by allowing them to pay off only the
principal of a loan--not be victims of Mafia-style
extortion by high interest, loan-shark payments amounting
to 2 to 3 times the debt (an unconstitutional policy
approved by Presidents and Congresses).
- To
halt redistribution of wealth from non-rich "have nots"
(borrowers) to wealthy "haves" (lenders)--accruing at the
rate of $10 trillion a decade
- To
rectify a monetary policy that deliberately redistributes
wealth, causing over-concentrations in which less than
10% of populace has accrued more than 90% of
national wealth
- To
accelerate economic progress by allowing
re-investment of recaptured income of $1 trillion a year
(a) in production of products and services to accelerate
progress for a more dynamic economy; and (b) for
improvement of quality of life for
citizens.
- To
enable the government to provide necessary services,
protections, and advancements for citizens and the
nation
- To
fulfill other economic needs of citizens and
nation
Background
For
more than 80 years, the nation has been severely handicapped
by an extortive, unconstitutional, criminalistic,
anti-citizen, anti-economic monetary policy.
Under the
original Constitution, Article I, Section 8, provides that
ONLY THE CONGRESS has power to produce money and
"
regulate the value
thereof
."
Accordingly,
Congress established the Federal Bureau of Printing and
Engraving to produce the money supply.
Under the
Federal Reserve Act of 1913, however, the Congress then
turns the money supply over to the Federal Reserve System to
"
regulate the valuethereof.
", a
clear violation of the Constitution.
By
imposing high interest rates on the value of money, the
Federal Reserve, banks, and other financial institutions
literally extort $1 trillion dollars a year from
citizens for use of their own money supply.
The
damaging, criminalistic impacts of such an unconstitutional,
anti-economic, anti-citizen monetary policy
include:
- Retarded
economic growth and progress
- Fostering
of recessions and depressions
- Slower
production of goods and services
- Reduction
of buying power of citizens resulting from high cost of
money
- Lower
standards of living for citizens
- Reduced
jobs and employment opportunities
- Redistribution
of wealth from the have nots (borrowers) to the
haves (lenders) at rate of $10 trillion a decade,
and $100 trillion a century.
- Creation
of a wealth-dominated society in which less than 10% of
citizens owning more than 90% of nation's
wealth.
- Acceleration
of inflation at the rate of 3-5% a year by
devaluation of the dollar. By the year 2050, the
dollar will be worthless.
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