Here we are exactly 21 years down the road. At that time the congressionally created 'national' debt was $4,411,488,883,139.38. As I write this, that grotesque figure is closing in on $17.8 TRILLION dollars. How could this happen? Greed and ignoring words from the wise:

"[The natural right to be free of the debts of a previous generation is] a salutary curb on the spirit of war and indebtment, which, since the modern theory of the perpetuation of debt, has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating." --Thomas Jefferson to John Wayles Eppes, 1813. ME 13:272

What we have is a central bank issuing worthless paper "money" that controls our economy, our lives and our future. This private banking cartel was unconstitutionally granted this power by a devious, scheming group of senators back in 1913. In essence what they did was place the American people into indentured servitude by forcing The People to pay usury on worthless fiat currency (paper money created out of nothing), not to fund the government, but to enrich the bankers and fund wars in which America should never be involved. This system exists not to fund the government, but to allow the U.S. Congress carte blanche power to continue funding unconstitutional agencies and programs by providing them with a bottomless source of worthless ink.

The National Debt and the Deficit

These two little bookkeeping items are not the same thing. Few Americans actually know the difference, but the difference is quite important. We continually hear members of Congress, president after president, and political pundits call for "reduction in the debt." But what does that really mean? Here's how it works in the most simplified way to fit into this document:

Let's say that for 2014, Congress and the criminal impostor president squatting in the White House decide they want $3 trillion dollars to fund this bloated pig called our government. We know that 100% of all personal "income" taxes extorted by the IRS does not fund a single function of the government. That's true. It all goes to what's called 'transfer payments'. The sweat off your back to pay just the interest on the unpayable 'national debt, UN dues, the IMF (International Monetary Fund), BIS (Bank of International Settlements), the World Bank and so forth. So, let's take the people's blood and sweat off the table.

What other revenues does the government collect? Corporate taxes, social security taxes, constitutional revenues such as excise taxes on cigarettes, alcohol, tobacco, firearms, tires, etc., tariffs on trade, military hardware sales, and some minor categories. Let's say that those revenues will total $2 trillion dollars. The politicians want $3 trillion to spend on their favorite welfare programs, wars and foreign welfare, but have a short fall of $1 trillion dollars. This is called the deficit created by the spending of Congress which creates the 'national' debt.

How? Because the politicians are $1 trillion dollars short, they simply call up the magical money machine called the "Fed" and borrow your children's and grand babies' futures. The "Federal" Reserve Banks don't loan anything of value to Congress. When that $1 trillion dollars worth of ink is transferred to the Treasury, it gets piled on top of the existing 'national' debt.

This is how the magical money machine works. Congress overspends. It borrows from the "Fed" and then turns around and tells you to pay for these crimes against we the people. In other words, Congress basically pays the bills with a combination of of funding sources like social security taxes, the constitutional revenues I cite above and borrowed ink from the "Fed." But, the day of reckoning gets closer.

The people of America are also responsible to a large degree for this out-of-control spending. Americans have been bred to a welfare dependent mentality. Special interest groups who have no interest in the U.S. Constitution, demand that billions of dollars be spent on their pet interests.

Trillions of dollars have been unconstitutionally thrown to foreign governments, some days our friend, a week later our enemies. They are only our friend as long as the U.S. throws money at their corrupt governments. And, what do the American people do? They continue to re-elect the same incumbents in both parties every two years who have brought us to the brink of hell.

In 2008, that which so many of us were trying to warn about came to fruition: banks melting down. Unfortunately, the majority of the people in this country along with the majority of state legislators and senators have zero understanding of the disabilities of our monetary system. I guess they somehow think continuing down the road of massive debt can go on forever without consequences. Thus, tens of millions of Americans were blind sided and the Outlaw Congress RAPED we the people with ZERO constitutional authority to bail out certain banks.

The other astronomical and unpayable liabilities, Social Security at $15.3 TRILLION, Medicare at $80.3 TRILLION and "free" prescription pills courtesy of the Republicans at $20.5 TRILLION are beyond most people's comprehension. A total of $116.1 TRILLION dollars and growing by the second. A total which scares those on the receiving end who live in fear of the well running dry. But as the old saying goes: The borrower is slave to the lender.

With tens of millions of Americans on food stamps, welfare or receiving some form of federal government check, they need the spending to continue. I know, you paid those social security taxes which go into the General Fund of the U.S. Treasury and are not earmarked for any specific spending purpose. In reality, it is the pure definition of a Ponzi scheme that 58 million Americans depend on for the food on their table.

Why has the Outlaw Congress refused to abolish the privately owned, unconstitutional "Federal" Reserve? Because they need it to borrow every penny to fund so-called 'entitlement' programs, unconstitutional cabinets and the endless, sickening, undeclared wars that keep the military-industrial complex rolling in blood money. As I said above, revenues from constitutional sources, including corporate taxes, can never be enough as long as all the unconstitutional spending continues as well as funding the endless damn "wars" in the Middle East.

"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." --Thomas Jefferson to A. L. C. Destutt de Tracy, 1820. FE 10:175

Those "pay as you go" programs obviously have not paid as they have gone into double digit trillions in unpaid liabilities which brings me around to the banks in this country.

5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives

"....And unlike stocks and bonds, these derivatives do not represent "investments" in anything. They can be incredibly complex, but essentially they are just paper wagers about what will happen in the future. The truth is that derivatives trading is not too different from betting on baseball or football games. Trading in derivatives is basically just a form of legalized gambling, and the "too big to fail" banks have transformed Wall Street into the largest casino in the history of the planet. When this derivatives bubble bursts (and as surely as I am writing this it will), the pain that it will cause the global economy will be greater than words can describe....

"The "too big to fail" banks run up enormous profits from their derivatives trading. According to the New York Times, U.S. banks "have nearly $280 trillion of derivatives on their books" even though the financial crisis of 2008 demonstrated how dangerous they could be...

"For those looking forward to the day when these mammoth banks will collapse, you need to keep in mind that when they do go down the entire system is going to utterly fall apart. At this point our economic system is so completely dependent on these banks that there is no way that it can function without them. It is like a patient with an extremely advanced case of cancer. Doctors can try to kill the cancer, but it is almost inevitable that the patient will die in the process.

"The same thing could be said about our relationship with the "too big to fail" banks. If they fail, so do the rest of us. We were told that something would be done about the "too big to fail" problem after the last crisis, but it never happened." (I encourage you to read the complete article cited above; the numbers are mind numbing.)

Nothing was done to cure the cancer of what happened with the banks in 2008. Red flags the size of football fields were waving in Congress' face yet their only solution was to defecate on the U.S. Constitution and steal from you, me and our children to bail out banks that went right back to business as usual once the holes in the damn were plugged. That same dam is going to 'blow' as they say and this time, there isn't enough paper confetti aka "dollars" on this planet to bail them out - which the Outlaw Congress has no legal authority to do.

Since 2008, the idea of state owned banks has made a lot of money for those who write books about the subject. Incredibly, the "solution" is even more fantastical than one could imagine: Ellen Brown's Web of Debt Is an Anti-Gold Currency, Pro-Fiat Money, Greenback, Keynesian Tract. Why on earth would one promote opening state banks that would use fiat currency when anyone who has spent at least some time learning about this issue knows that as Thomas Jefferson said, "Paper is poverty .... it is only the ghost of money, and not money itself."

The states of the Union are NOT prepared for the inevitable - a currency or "dollar" crash if you will. Don't state legislators understand this time around even if the thieves in the Outlaw Congress (which might be GOP controlled after November) decide to dump on the Constitution again, there isn't any money to bail out the banks? Don't state legislators understand the U.S. Treasury is broke and in debt to the thieves who own the "Fed"? (Not we the people). Do they not understand what a currency collapse will mean?

What are they going to do when this next tsunami rolling across the country snaps like the 1989 Loma Prieta earthquake in the SF Bay Area which caused the collapse of the upper deck of the SF-Oakland Bay Bridge and one freeway overpass? That earthquake rolled up the San Andreas fault and snapped when it hit the Bay Area causing massive damage, injuries and death. How will they pay the bills?

How will they pay the absolutely massive pension obligations in their states? Public Pensions $2 Trillion Short of What They Owe Retirees- where is that "money" going to come from? We're talking trillions with the numbers growing exponentially as more baby boomers in the public sector retire. How much more in taxes are we the people to pay in an effort to stave off the inevitable and then what will people do? What will the states do when the pension obligations eat up the most of their revenues? Maybe won't happen with small states as quickly, but it will in states like California, Texas, Oregon and others.

Think inflation is bad now with the price of food and gas, just wait a little longer. The purchasing power of the dollar continues to erode which makes people say, "How come everything is so expensive?" Instead of taking the time to find out what is no longer taught in high schools, they simply bend a little further under the yoke.

Many of us have been trying to years to get our state legislatures to pass and get signed into law a constitutional sound money bill. Utah passed a watered down version of one several years ago, but how about the other states? Sure, in some states bills have been introduced but none have been signed into law that I am aware of. S. 768: Sound Money Promotion Act was introduced in the Outlaw Congress on April 18, 2013, by Sen. Mike Lee with an expected pass rate of 0%. "A bill to treat gold and silver coins used as legal tender in the same manner as United States currency for taxation purposes."

Interesting enough, I ran across this article yesterday dated September 8, 2014: Transacting in Gold Can Shaft The IRS

"In 2011, the state of Utah passed a law banning taxes on the use of gold and silver coins as currency and permitting residents to remit state taxes in these coins. Big deal, you might say. That's already in the Constitution: “No state shall…make anything but gold and silver coin a tender in payment of debts.”

"Oklahoma has done something similar, confirming that transactions taking place in gold and silver are free from state taxes on the exchange medium. Currently, in federal law, if you buy things with gold, for example, you have to declare as taxable the gain on any market appreciation of the gold you used to make the purchase.

"Actually, it's not real federal law. It's just a piece 0f “administrative law,” that poor relation of real law, which an agency, the Internal Revenue Service, came up with outside of the Congressional and the judicial processes. If you look at real law, statutes signed by the president and Supreme Court decisions from over the centuries, it has been affirmed time and again that the feds must consider gold and silver coins and their own paper notes as dollars as denominated, one and the same. What a delicious opportunity this presents when it comes to taxation."

Do read the article. A dear friend of mine did and sent this: "Why is this appearing at all in Forbes? And why now? Some people have been dealing with this subject for decades, without a scintilla of coverage in the big financial media." Good questions. Perhaps enough people are becoming educated on the issue of our monetary system and how it's destroyed our economy and people's livelihoods. Perhaps former Congressman Wright Patman's words from a speech he made on September 30, 1941, entered into the Congressional Record, now have some meaning:

“When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I am saying to you in all sincerity, and with all the earnestness that I possess, it is absolutely wrong for the Government to issue interest-bearing obligations. It is not only wrong: it is extravagant. It is not only extravagant, it is wasteful. It is absolutely unnecessary.

“Now, take the Panama Canal bonds. They amounted to a little less than $50,000,000 — $49,800,000. By the time they are paid, the Government will have paid $75,000,000 in interest on bonds of less than $50,000,000. So the Government is paying out $125,000,000 to obtain the use of $49,800,000. That is the way it has worked all along. That is our policy. That is our system. The question is: Should that policy be continued? Is it sane? Is it reasonable? Is it right, or is it wrong? If it is wrong, it should be changed.

“Now, I believe the system should be changed. The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks.

“I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.

“We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is, because it says `Federal Reserve'. It belongs to the private banks, private corporations. So we have farmed out to the Federal Reserve Banking System that is owned exclusively, wholly, 100 percent by the private banks — we have farmed out to them the privilege of issuing the Government's money. If we were to take this privilege back from them, we could save the amount of money that I have indicated in enormous interest charges.”

In February 2013, I wrote a column titled: The United States Supreme Court Should Be Impeached: "The first involves a dear friend of mine, Tom Selgas; the case was Selgas v. HCAD. Docket 12 -39 was scheduled for September 24, 2012. Act surprised, denied. A new Writ of Certiorari was filed, February 8, 2013, using a different Petitioner, MyMail, Ltd and different Respondent, Internal Revenue Service. The attorney of record is Larry Becraft. Once it's posted, I'll send it as a link in my free email alerts. Again, it deals with the value in "dollars" regarding gold clauses." (Cert posted here).

"What is so important about Tom's case? I urge you to read the Writ of Certiorari filed with the the United States Supreme Court. If not today, book mark and read over lunch or on a weekend until you get through it because it is very important. Tom and his wife paid for their beautiful homestead and acres with gold. The dispute is with appraisal of the property; gold vs worthless "Federal" Reserve Notes (the "money" in your wallet). "The Texas Twelfth Court of Appeals held that the monetary value of a private “gold-clause contract,” which required payment solely in currently minted United States legal-tender American Eagle gold coins, is not the aggregate face value in “dollars” of the coins actually tendered; but rather is measured by those coins aggregate value in Federal Reserve notes, which is many times the value assigned by Congress.

"If this decision is allowed to stand, State courts can randomly set the value assigned to such U.S. legal tender based on the perceived “market value” of gold on any given day. This would result in widely fluctuating valuations of U.S. legal tender in different jurisdictions throughout the United states, nullifying the protections authorized by the use of “gold-clause contracts” and triggering profoundly negative effects throughout the United States. A critically important issue the U.S. Supreme Court simply ignored." Act surprised: Cert denied. They filed for a rehearing. Act surprised. Denied. The U.S. Supreme Court is more interested in hearing cases about protecting the "rights" of sexual deviants than important cases that affect all of us.

As Professor Domitrovic writes, the Gestapo aka IRS simply makes up "administrative" law and shoves it down our throats while the gutless cowards on the "Supreme" Court ignore valid cases to right such wrongs.

We must put priority issues on the front burner (think constitutional militia) and a constitutional sound money bill is absolutely critical to every state.

This is a working paper I wrote for our state legislature here in Texas for the 2013 session. Of course, nothing was done despite our efforts. You can use it as a sample for your state. For all the tea party chapters in the U.S., 9-12 groups and other constitutionally minded groups, get together, get the package done and get to your state legislators now. I know, it's an election year and some may not get reelected, but all bills have to be in the hopper by Thanksgiving or it's too late except under 'extraordinary' circumstances. Many state legislators list their home phone and address on their official web site so get on the phone and get a sit down with he or she and present your package. Get a commitment to get back with you to discuss it before it's too late.

Include these with your working paper:

1 - Dr. Edwin Vieira's nine page presentation for a bill in Montana. That document will show your state representative that other states are at least making some effort. I can tell you that the biggest problem besides ignorance on the part of state legislators is party politics. In all their stupidity, I have watched 'sound money bills' get killed by one party or the other ignoring the consequences of their actions. They get away with it because we the people don't turn up the fire and force the issue.

2 - This model piece of legislation Dr. Vieira wrote for the states and included in his two volume work, Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution (2002), the most comprehensive study in existence of American monetary law and history viewed from a constitutional perspective. Print it out for your package. Edwin gave me permission to make it available.

3 - There are three other documents that need to be put on a CD and included in your package. They are too long to print out, but anyone who reads them (like your state representative) will fully understand the problem, how perilous the situation is and hopefully, move them to get a bill written and introduced. They are:

Testimony of Edwin Vieira, Jr., with Respect to the Authorization for a Study Commission to Investigate the Need for An Alternative Currency in Virginia, February 2, 2012

An Introductory Primer on The Constitutional Authority of the States to Adopt An Alternative Currency by Edwin Vieira, Jr., 2011

Corportivism in Money and Banking Has Led America to Fascism - Address to the Annual Spring Meeting of the Committee for Monetary Research & Education, Union League Club, New York City, May 17, 2012

Last week I wrote my column about muslim terrorists already here in the U.S. and how dangerous they are to we the people. As expected, useful fools have plastered the most vile comments about me on their blogs, which no one reads except the few pitiful sycophants who worship at their feet. As most Americans know by now, yet another savage, this one allegedly homegrown although at this point we don't know if he is natural born or an immigrant or perhaps even an illegal, sawed off a woman's head and tried to stab another woman to death after he was fired from his job following an argument about stoning women. Beheading in the heartland - Oklahoma.

As sure as I knew that was coming, I know, despite the lies spewing from the discredited and useless "mainstream" media, the very worst is coming at us economically and if the states do not pass sound money bills this next coming session, it will be too late. As the author of the derivatives article cited above says, when the derivatives bubble blows, you will be affected because when you factor in all the other problems with our monetary system, our foreign entanglement in agreements like Basil and our horribly high unemployment rate, it will be ugly.

The three pieces below should be read by every adult aged American in this country; sadly most won't. But, your state rep and senators should. If you can, print them out and include them in the package with the items above. I know, it's a lot of reading, but you can stress to your state legislator the items below will be very helpful to them in getting their colleagues on board for a constitutional sound hard money bill. What are they going to say, "I don't want it?"

A Cross of Gold by Dr. Edwin Vieira

"So, the American people must be convinced now—immediately, if not sooner—ahora mismo, as our Spanish-speaking friends would say—that this country's economy cannot be restored by mere repair or renovation of the existing edifice of money and banking, but only by its total replacement. The present structure is rotten to its very foundations, and even below. It lacks the capacity to survive—and can claim no right to be saved.

A new structure must be built from the ground up, on a new site, according to a different plan, with better workmen. If this can be accomplished, then for the first time in generations Americans, indeed all of mankind, will enjoy honest weights and measures in the monetary field—and with that reform, will have a realistic hope to restore honest commerce and honest politics as well."

* How to Restore Constitutional Money: The Challenge by Dr. Edwin Vieira
* The U.S. Monetary System and Descent into Fascism An Interview with Dr. Edwin Vieira

I highly encourage everyone to look at this slide presentation put together by my dear friend, Tom Selgas (mentioned in the case above). Click on General Lawful Money of the United States PPT and let it load. This presentation makes it truly easy for all of us to understand what has been done to the value of a dollar or as Tom calls it 'silent theft'. Share it with friends. If you personally know a state legislator or senator, get them to view it because they need to wake the hell up.

Links:

1 - Carmen Segarra: Secretly Tape Recorded Goldman and New York Fed
2 - Is America on the Edge of a Depression? Get Prepared Now

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