A Fix for Monetary Madness

 

 
A BEYOND STATE SOVEREIGNTY RESOLUTION
prepared by the RELIVING 1776 Take America Back team re an act on
“Transportation infrastructure projects funding provided through the
cooperation of state-chartered banks.”

Whereas on 11/22/94 thirty Governors alleged Federal action has exceeded the clear bounds of its jurisdiction under the Constitution and thus violated rights guaranteed the people” and

Whereas it’s becoming common knowledge the most damaging of the ‘Federal actions’ is Congress having abrogated its delegated power under Art.1, Sec. 8:5 to “coin money and regulate the value thereof..” thereby permitting a deceitfully named, privately owned bank known as the Federal Reserve System to monetize debt as our medium of exchange and gain an economic stranglehold on Americans and

Whereas THE SUPREME act and display of a state or nation’s sovereignty is its ability to create and control the value of its citizens medium of exchange and any failure to do so will result in the 10th Amendment sovereignty Resolutions being passed becoming but sentimental expressions and

Whereas action is needed to give Americans meaningful and lasting economic relief from the planned ‘economic crisis’ resulting from the criminal acts of Congress and to hold those responsible for taking and perpetuating the acts responsible for their actions,

Be it Resolved: positions of the 1776 Initiative Take America Back (TAB) team are:

1. every state should immediately pass legislation such as that now before the Minnesota legislature authorizing State chartered banks to create a non interest bearing, non repayable medium of exchange meeting Constitutional intent. See the bill at (https://www.revisor.leg.state.mn.us/bin/bldbill.php?bill=S0705.0.html&session=ls86) A synopsis of its benefits are at the bottom of this Resolution.

2. members of our military forces under oath to “protect and defend the Constitution from all enemies, foreign and domestic….” (authors emphasis) must do whatever it takes to uphold their oath by assuring America’s domestic criminals are held responsible for their acts in order to avoid their becoming complices in the crimes of the Federal government and thereby guilty of misprision of a crime.

3. every city council pass the Resolution located at www.a4ce.org/TAB/City-CountyRes.htm.

4. County Commissions and State legislatures should appoint Ad Hoc Committees consisting of property owning voters to formally examine the actions alluded to by the thirty governors, act to hold those responsible for any unconstitutional acts accountable, and educate their constituents on the acts.

5. every concerned American should be a member of a local 1776 Initiative TAB team and support its actions. For information on the 1776 Initiative and a description of the TAB team, go to www.thecnc.org/Documents/1776.htm .

6. Local and County TAB teams should:

A. introduce their state legislators to the bill identified in position #1 and promote its passage.

B. present the paper discussed in position #3 to their city and county officials.

C. formally request their county and state officials to act on position #4.

 

 

 

 

BENEFITS OF LEGISLATIVE ACT TITLED
“Transportation infrastructure projects funding provided through the
cooperation of state-chartered banks.”

Summary - This bill will authorize State Chartered banks to create money meeting the intent of the Constitution. Its passage will reduce the financial stress being experienced by state governments and be a giant step toward restoring the Constitution..

BACKGROUND - Under present monetary policy, commercial banks create 'money' (debt) by making two entries in a T account; one crediting the borrowers checking account and one debiting her/his loan account. Borrowers must repay the principal plus a non existing interest or lose their collateral. Since money to pay the interest doesn’t exist, it must come from more borrowed money. The result has been an exponential growth in America’s public and private debts. Collectively, they now exceed $55 trillion plus unfunded obligations of over $50 trillion. The total ‘money’ (debt) supply with which to meet these obligations is about $7.3 trillion. BOTTOM LINE: Americans are now slaves to an ungodly and unconstitutional monetary policy.

Under this bill, the State chartered bank creating the money will electronically deposit it as a credit to a State account. There will be no entry on the debit side of the T account meaning there’s no requirement for the money be repaid. This is the principle intended by our Constitution; raw material being extracted from the earth (in earlier years precious metals), combined with labor to produce something of value, and put into circulation as debt free money never requiring repayment as does a loan. The bill states: this money is deemed to be an asset to the state-chartered bank, to the state, and to the people of this state, and not as a liability to anyone. The state will use the funds to pay for construction and/or maintenance of state infrastructure. Should it ever be concluded there’s too much money in circulation, it will be a fiscal policy problem.

 

CONCLUSIONS

1. Such a bill must be passed by every state passing a 10th Amendment Resolution if they truly wish to be sovereign for the ability to create and control the value of ones money is the SUPREME act and display of a state or nation’s sovereignty! Failure to do so will result in the 10th Amendment Resolutions being but a sentimental expression.

2. Passage of this bill in every state will:

*severely curtail the need for Federal government intervention in state affairs and its ability to conduct unconstitutional operations.

* Permit the states to pay their bills without ‘bailout’ money and its attendant control over state affairs..

* Begin forcing the Federal government to withdraw from providing the “Worldwide police force” that is now “enforcing the edicts of the New World Order.”

* Eventually render the FED impotent.

 

 

 

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