Speaker Pelosi Letter

10/25/08

Dear Speaker Pelosi:

On behalf of every American, I plead with you to recognize the facts cited in the attached letter to the editor. Please begin healing this nation through a MEANINGFUL and VIABLE Economic Recovery Program built on sound economic principles.

Be realistic! There is no amount of stimulus packages, bank bailouts, or infusion of more DEBT by any means that can put America's economy back on a solid footing. Why? Because DEBT CANNOT BE USED TO PAY DEBT!

I suspect every fifth grade student could be taught that a principal (P) cannot be made to equal itself plus a rate of interest(R)times time(T). i.e. one cannot make P = P+PRT. Why this fact is beyond the ability of politicians to understand is truly an unsolved mystery; unless of course their motive is to place their fellow Americans in a state of perpetual economic bondage. IS THIS YOUR GOAL?

Clearly, the first step toward correcting our planned economic 'crisis' could be another "stimulus" program IF the stimulus is in the form of a non interest bearing medium of exchange meeting the spirit and intent of Article 1, Sec. 8:5 of our Constitution; i.e., United States Notes.

If it's the Federal government’s desire to keep "we the people" beholden to the bankers by assuring the privately owned, deceitfully named bank called the Federal Reserve System will eventually hold title to all real wealth of its choice, a mortgage on the remainder, and a claim on all future production, just continue to pursue today's voo doo economics.

We are presently witnessing one of the greatest transfers of wealth in the history of the world. From a mathematical viewpoint, the rate of transfer can only increase under current monetary policy as the rate of increase in our debts is an exponential function whose curve is rapidly becoming asymptotic to the ordinate.

For Congress to intentionally continue down the road to a total economic meltdown is insane; insanity being to repeat a process over and over and yet expect a different outcome.

Will you support action to provide a medium of exchange meeting the spirit of our Constitution? Your actions over the next few months will clearly establish your motive.

Sincerely.

Walter L Myers cc - others