-- Posted Friday, 27 March 2009 | | Source: GoldSeek.com
Road to Roota XII A New Monetary System for the USA by Bix Weir
To the average American citizen:
There is a lot of talk, openly and behind the scenes, about the new global monetary system proposed by the Chinese that will be taken up at the G20 meeting next week. I expect the U.S. to reject this system as it would destroy the US Dollar as the world’s reserve currency, defy the US Constitution and end our country as a free and sovereign state.
The problem now is that if the U.S. rejects the plan, the rest of the world will surely revolt and go about either dumping US Dollars or implementing this new monetary system WITHOUT the cooperation of the U.S. thus destroying the dollar anyway.
SO WHAT CAN WE DO TO SAVE OUR COUNTRY?
Below is a PLAN to save the people of our nation from the destruction of the global US dollar based system. It also punishes the paper money banking crowd that got us in this mess in the first place!
Many believe that the US Congress has been ready to implement this Act for years only waiting for the conditions to be right. A few years back, I laughed off this bill saying "it could never happen", but after all that has transpired in the past 18 months it is clear that we need a NEW PLAN. Now the conditions are right for NESARA.
Read the Executive Summary you will see that this Act would solve the problems faced by THE VAST MAJORITY of US Citizens today.... IMMEDIATELY!
Monetary Policy Reform • Establishes three types of United States currency: standard silver coin and gold coin (restores Constitutional currency), and treasury credit-notes
• The United States Treasury buys and cancels all outstanding capital stock of the former Federal Reserve Banks • The privately owned Federal Reserve System is abolished, returning ownership of the national currency to the people through a newly created United States Treasury Reserve System • A new Board of Governors of the Treasury Reserve System uses a specific law-mandated plan to maintain and stabilize the exchange value of the currency • The new Board assumes all powers and responsibilities of the former Federal Open Market Committee, eliminating private control of the nation’s monetary system • The existing regional Federal Reserve Banks become Treasury Reserve Banks and continue clearinghouse operations and other bank service functions under the direction of the Office of the Comptroller of the Currency • All commercial banks must exchange their income-producing government obligations for treasury credit-notes (reduces the national debt) • Only treasury credit-notes may be held as bank reserves • Fundamental changes are imposed on the repayment of all outstanding fractional reserve loans on secured property—principal must be repaid before the monetizing-fee is paid (applies retroactively to existing mortgages reducing private debt) • A progressive federal excise tax is imposed on the privilege of making commercial loans of currency for profit
• Commercial financial institutions such as credit unions are provided, subject to some restriction, with opportunities to operate with fractional reserves
Fiscal Policy Reform
• Amends the existing federal income tax system
• A national retail sales (excise) tax is imposed upon non-exempt retail activities of commerce (20 categories of exemptions covering most necessities of life)
• The Internal Revenue Service is reorganized as the National Tax Service to administer the collection of the new tax
Spend some time and explore the rest of this bill here:
Do not underestimate what the NESARA bill can do for our country...it is our NEW DECLARATION OF INDEPENDENCEfrom the fiat money system that has almost destroyed our United States of America!
This Act is ready to be signed at the drop of a hat.
It's just time.
Bix
-- Posted Friday, 27 March 2009 | Digg This Article | Source: GoldSeek.com
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Road to Roota XII
