US Should Cancel Federal Reserve Debt

2006 - 37 Costa Rica - Heridia - September - Mercado CentralOne morning not so long ago President Obama announced a pay freeze for two million federal employees, warning Americans that this is the first of many difficult decisions to be made to slash the nation’s mounting deficits.

“The hard truth is that getting this deficit under control is going to require some broad sacrifice, and that sacrifice must be shared by the employees of the federal government,” Obama said.

Obama’s proclamation came as the Rothschild-led international bankster crowd – apparently immune from “broad sacrifice”- tried to squeeze similar concessions from the people of Ireland, Greece, Spain, Portugal, Italy.

In their never-ending quest to subjugate the planet, the bankers’ IMF enforcer – chronic harasser of Third World governments – had now turned its sites on the developed world.  To further advance their dizzying concentration of economic power, the Illuminati lizard kings now threatened to take a giant wrecking ball to the global middle class. They were preparing to eat their young.

No one can argue that the US deficit is not a problem. Much of it accrues to pay interest on the nearly $18 trillion debt. Conservatives argue for slashing entire government departments. Liberals argue for higher taxes on the rich and Pentagon cuts. I agree with these latter proposals. The super-rich paid 90% under Eisenhower. And playing global cop for the London bankers undermines US national security. But at this point even these moves are band aids on a red-ink gushing wound. The belt-way dialogue on the deficit remains locked in a tiny intellectual box created by the corporate media and their Federal Reserve owners. But there is another way.

It is a myth that most of that nearly $18 trillion debt is owed to China or the Persian Gulf oil sheiks. The vast majority- around $13 trillion- is owed to the Eight Families Federal Reserve crowd that just bought another $600 billion in Treasury bonds in what will be yet another failed attempt to stave off the massive deflation which their global race to the slave-wage bottom has created. Here’s what Obama and Congress should do.

(1 Introduce a Treasury Department-administered infrastructure investment fund, which workers should be strongly encouraged to opt into from their current 401K plans. This is important because the banker’s stock market casino will crash due to the next eight steps.

(2 De-link the dollar from all currency baskets and IMF special drawing rights. Ban trade in dollars on all global exchanges. Impose currency controls by fixing the dollar at 1:1 euro, Chinese yuan, Canadian dollar and Swiss franc; 100:1 Japanese yen. During the 1997 Asian financial crisis, Malaysian Prime Minister Matahir Mohammed fixed the nation’s currency- the ringit. It was the only currency in the region that did not crash when Rothschild front-man George Soros took aim at the region.

(3 Nationalize the Federal Reserve. Under the Federal Reserve Act there is a provision that allows for the US government to buy back the Fed for $4 billion. Pay this fee, revoke the Fed charter and launch a new US dollar issued by the Treasury Department. With the dollar fixed, the vampires cannot crash it.

(4 Cancel the $13 trillion debt imposed upon us by the Illuminati bankers. Debt obligations to foreign governments and small bond-holders should be honored at par.

(5 Prosecute to the fullest extent of the law all fraudulent transactions involving the financial parasites. Send the FBI to the New York Fed, seize all documents and arrest the perpetrators.

(6 Forget just repealing the Bush tax cuts on the rich. The top tax rate on people who make more than $1 million/ year should be raised to 75%. People making more than $500,000/year should pay 50%. All tax brackets below $125,000/year should see tax cuts. If you get more from government you need to pay for it. The rich get a whole lot more and they should pay for it, instead of billing it to the middle class.

(7 Slash Pentagon spending. Shut down all US bases in Europe, Japan and South Korea. Withdraw from Iraq and Afghanistan immediately.

(8 Outlaw off-shore banking by US citizens and corporations. Bring your money home and pay taxes on it or surrender your US passport/corporate charter. The dramatic increase in tax revenue would be enough to pay off the remaining debt to sovereign governments and small bond-holders, while keeping our obligations to the Social Security trust fund.

(9 Introduce single-payer health care and price controls on prescription drugs. The savings attained from eliminating insurance/pharmaceutical company Medicare/Medicaid/Social Security fraud will save the Treasury billions.

Using this methodology the US could wipe out both its deficit and its debt within a year. These measures should be introduced swiftly and in rapid succession. Social security and Medicare will be saved. The middle class will see their tax rates go down. Manufacturing jobs will come home, since the Chinese yuan will have seen a dramatic appreciation. Our national security will be enhanced.

If we keep thinking inside the banker-manufactured beltway box, our children have no future. They will live in a Third World country which produces nothing, lorded over by debt-collector parasites. The wealth-destroying Illuminati banker elite are the perpetrators of the US debt crime. Should a woman who is raped serve the sentence of her rapist? That’s absurd. Then why should Americans pay a fraudulent debt foisted upon them by con-men? It is time for Obama and Congress to get a backbone. And for the Illuminati bankster criminals to make the “broad sacrifices”.

Dean Henderson is the author of five books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries,Das Kartell der Federal Reserve, Stickin’ it to the Matrix & The Federal Reserve Cartel.  You can subscribe free to his weekly Left Hook column @www.hendersonlefthook.wordpress.com

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31 responses to “US Should Cancel Federal Reserve Debt

  1. The global central banking cabal will never be eliminated w/o eliminating those who benefit from it. Namely, all bought and paid for governments, all of the families who have put us and kept us in slavery for +/- 500 years. None of this can be accomplished w/o eliminating their lackeys, from the treasonous Israeli cops through the treasonous military “leaders” all the way down to the blow-flies in D.C. THIS cannot happen until the people grow some testicles and gray matter. Thus, we will remain enslaved by the Synagogue, their Neo-Judas class and the self-centered bourgeois until The Lord executes another flood level event or we see pink little winged piggy’s flying over Tel Aviv/D.C. and the City of London.

  2. Sorry, I meant Israeli TRAINED cops.

  3. Would be nice, but those eight families have so much power.
    Too many people are watching Fox news.
    It is strange that so many people are voting for the wrong people cutting their own throats.
    Like the ones on Fox news and others too just for telling their stories on TV make millions a year.
    The people are the useless eaters,they forget that if all our industries had not gone overseas there would be plenty of jobs and not waiting money on all these wars but putting that money into our infrastructure what would create a lot of jobs.
    Look what the IMFis doing in the Ukrain, the people are being sucked dry. International companies taking over the recourses of that country.

  4. The families only have the power the people give them;
    Article 1 Section 8 of the US Constitution is the highest law; the power to coin money and determine its weight–dollars– is with Congress not the private Cartel.
    The nationalization of the Fed is the only way of returning to Constitutional money. But this takes leadership which can only come FIRST from WE the People.
    Anything else is just cowardice!

    • Your point is quite valid, Allen .. indeed, the families only have the power the people give them. As you said, Article 1 Section 8 of the US Constitution is the highest law; the power to coin money and determine its weight – dollars – is with Congress and not the private Cartel.
      The only way of returning to Constitutional money is, of course, the nationalization of the Fed .. but this takes leadership which can only come First from We the People, Anything else is just cowardice.
      Two thumbs up to you, Allen.

  5. Sounds like Ron Paul

  6. The people need to print their own money, even if it is only backed by the goodness and faith of the people themselves (it could be metal based, what ratio, I don’t know). We need to print our own money and pay back the Federal Reserve System with it. And the people need to stop thinking they can something for nothing.

  7. Awesome; all of it pure awesome.

    I have one sticking point though? Can we get smiley-face stickers to put on the chests of the criminals at Goldman Sachs when they are perp-walked before television cameras?

    TIA

  8. You left out illegal immigration and a change to the two party system for voters and NOBODY with dual citizenship can stand for congress. Cut out foreign aid completely and look after your own constituents. Loyalty to your voters first and foremost…….

  9. …”playing global cop for the London bankers undermines US national security.” Sure, then why did Obama bomb Libya and kill five times more people with drones than even Bush did? Answer: because he sucked up to power, too. He does what he’s told. Which is funny when you say “what Obama should do.” As if he isn’t a sell-out to power just like Bush/Cheney. Fact is, you don’t play unless you pay in this incipient dictatorship of the oligarchs. Like all oligarchs, they will fade away, too. But only after MUCH pain.

    It ain’t about the left or right, its about the green. The U.S. trained and equipped ISIS and they’ll use them for false attacks on the American public in order to get them to allow for U.S. military presence in the mid-east eternally, in order to force those countries to sell their oil in dollars. The BRICS banks says the dollar’s days as reserve currency are very limited. Frontline video on the CIA arming the Syrian “rebels” (hint: there is no DNA test to determine which jihadi is a “moderate”):

    http://www.pbs.org/wgbh/pages/frontline/syria-arming-the-rebels/

  10. Its nice to dream

  11. Better watch your tongue and start watching more tv.

  12. Just a few things:

    We, as free citizens, must be allowed to bank anywhere we so choose, and to also utilize any currencies we so desire.

    But yes, any corporations that desire to bring back offshore income not yet taxed must pay their taxes.

    In fact there needs to be global efforts to end these offshore tax havens by way of extreme economic sanctions. WE can beat these parasites and corporations at their own game, with their own tools.

    America did all the above before, We can beat them at their own game.

    America boomed like never before during the period when the top tax rate on the wealthiest was at or above 90%. This forces them not to speculate in the short term, and to stay fully invested for the longest terms, and also if applied correctly it forces them to pay much better wages and benefits. The wealthy did exceeding well during this period, and will do fine again, if only their not allowed to ruin it for everyone all over again like they just did, again. History is rhyming because we forgot our own economic history by allowing the parasites to again con us with tax cuts for the wealthy, and non-stop borrow & spending that directly made them even wealthier while impoverishing the majority due to greed is great.

    And we can hold our own government “in check” with real monetary “checks and balances” by allowing decentralized cryptocurrencies such as Bitcoin to force monetary prudence, as well as fiscal prudence. We will also discover whom the true parasites are when they cry out against such measures, plus strong monetary checks & balances. This will aid our own government and it’s officials as much as anyone else.

    To root out the vast amount of corruption is the last untouched topic that must be seriously addressed.

  13. P.S.

    Best buy gold, silver, and plenty of Bitcoin. Looks like the wealthy have destroyed the world, once again.

  14. Brilliant, Dean!

    But…We have now the IS “imminent” threat to worry about…And the “new Hitler-Putin trying to invade Europe”. And then Syria. And Iran. it’s so important for the US citizen to stop those barbarians with imperialistic aspirations…The fraud of the Fed? Pecata minuta. No time to deal with it. “The illuminati control our lives, there is satanism everywhere…There is no way out!

    —-That is what we are being indoctrinated and while we are trying – some lucky of us – to drop the veil, the banksters&Co of their “Committee of 300” continue to do their job – stealing from us and engineering us so that they could perpetray this new era Feudalistic system.

    Luckily there are people like you and the visitors of this blog. The bad thing is we are still so few…:(…Forza! Your work is priceless! 🙂

    • Arnold Gregory

      Maria, how can you read Dean’s article and think Russia is our enemy who wants to invade Europe. Putin is like Hitler but not like you think. Hitler tried to free Germany from predatory capitalism, just as Putin wants to free Russia. In this article Dean is advocating the same thing for the U.S.

      Russia is the last country on earth wanting to fight wars of conquest. Do you know how many millions of Russians were killed in the 20th century by WWI, the Zionist led Bolshevik tyranny, WWII.They already have more land than they need. If we actually dismantled the aristocracy that has usurped the U.S. “we the people” would face no threat from Russia.

      Russia might see us as an enemy, but only because our government is controlled by Russia’s Zionist enemies. Enemies that have manipulated US into war after war. And now we have an enormous threatening military puffed up with imaginary dollars aimed at them. Everyone who wants to be President (and is allowed on TV except Rand Paul) wants to shoot down Russian planes that are legally assisting their Syrian ally.

  15. Reblogged this on L8in.

  16. Slit the “throat” of the Fed? Our culture is too ignorant, too arrogant and too apt to stay that way. In addition, the Central Bank boys, (ironically, thanks to the treachery/evil of the U.S./”great” Britain), have literally infected the entire globe and like a blood-bloated tick are virtually impossible to remove. The only leader I can call to mind with the honor and character to remove that bloated tick was Hitler and his National Socialist party. However, just as they (Rothschild et al), fractured the up start colonies for their booming wealth/economy free from The Synagogue’s debt-based currency, they vilified then crushed the National Socialist Party. made possible by men w/o honor or love of their fellow man. Quit literally a NEO-Judas class of “Christian” and “Muslim” leaders.
    http://thegreateststorynevertold.tv/
    Was Hitler an angel? Hardly, it isn’t the nature of a political leader anywhere. But it was the dual world power of the aforementioned who plotted/planned and finally executed making a 2nd world war out of what was literally a small regional conflict brought about by idiot Poland and the Jewish CHEKA who began slaughtering Germans in the Danzig Corridor to deliberately provoke Germany into war for the City of London’s Central Banks. Had those 2 nations been led by honorable men the Central Banks would have been destroyed almost 70 years ago, nations would have re-issued debt-free currency and tens of millions would not have died.

  17. Everyone has been asked to sacrifice for this country (USA) at one time or another, now it’s time for the FED to sacrifice itself for the good of the country and all mankind.

  18. It is not enough to repudiate the odious debt illegally encoumbered by this vile usurper, but to punish, in the only way they will ever understand; to file a class action lawsuit on behalf of the American People for $300 Trillion Dollars.

    For more on this please refer to the following link which outlines the method by which these criminals and those who have enabled their financial sodomy to go unchecked for 100 years, will face judgement in the docket that awaits them all.

    CLASS ACTION LAWSUIT AGAINST THE FEDERAL RESERVE BANK

    http://www.fromthetrenchesworldreport.com/class-action-lawsuit-against-the-federal-reserve-bank/24473

  19. Amazed that so many people still try to treat the symptoms rather than the disease. The Keynesian system came to the end of its life span over 10 years ago and look at the chaos caused by trying to prop up the dollar and get more mileage out of it. Ron Paul had some very good advice – drop Keynes and switch to the Austrian system.

  20. A Christmas wish list that would go a long way towards peace on earth, goodwill to man. Merry Christmas Dean.

  21. Excellent proposal. We need to carry this forward. I see all the time people asking how we can take down the plutocracy, and here we have a short and concise list. I would add a few things like how these cretins make their money, the hedge funds, derivatives, etc. Abolishing Wall Street (we’d have to specify what that means), and changing the political system to actually have democracy. Maybe it’s the cart before the horse, maybe we need democracy first. But it sure would be nice for a lot of normal citizens with high interest in this get together somewhere and make a plan on how to carry this out. This issue should hit hard in 2016 with the debt soon to be 20 trillion.

  22. Earl Forester

    The Federal Reserve should be abolished and the people are owed one ounce of silver (or its equal in gold ) for each federal one dollar they own.

  23. This is what the much denigrated Lyndon LaRouche has been calling for for decades, will it take having nothing to eat to wake people up?

  24. If my finances were in ruins, I would fire the guy spending it.
    DUH!

  25. Great points and summation. Sadly, it will require a modern day Caesar to take power and to use the military to crush the current internal infestation of corruption.

  26. Eugene Lutz

    IF MONEY GREW ON TREES

    If money grew on trees, wouldn’t that be a good thing? Then everyone would have money, right? Not really—here is a more realistic scenario. Laws would be passed regulating the growing of money trees. Only the government, certain wealthy people, and large corporations would be allowed to grow money trees. The money tree seeds would be coins, which if planted in rich enough soil, would grow into large trees with paper money growing on the branches. Genetically engineered money trees would produce larger yields of money. The trees would be fertilized with the sweat of underpaid and overworked migrant workers. Derivatives would be sprayed on the orchards to guard against hedge-fund managers. Police would scour the countryside looking for illegally grown money trees and destroy them. Anyone who was caught illegally growing money trees would be arrested, and long prison sentences would be meted out to anyone growing or possessing money who was not approved by the government. Some people would try to grow their own money trees, and hybrids would be developed that were small enough to be grown indoors. A black market would develop which would give non-law-abiding citizens the money they needed to buy things they didn’t deserve, like food. The police would search the pockets of anyone they thought looked suspicious, and if they found any contraband money in their pockets, they would be arrested. Huge orchards of money trees would be surrounded by high fences and armed guards. The orchards, ostensibly run by the government, would actually be run by organized crime. Politicians would warn of the dangers of other countries growing their own money. Any country that tried to grow money without the consent of the oligarchy would be invaded and their money trees sprayed with Agent Orange. Any land that had money trees growing on it would be confiscated to keep the world financially secure. Large military bases would be set up to keep the money orchards safe from marauding poor people. The Supreme Court would rule that because “money is speech” anyone who wanted to practice free speech would have to pay heavy taxes, which would lessen the effect of the rabble being aroused by keeping all those annoying poor people from voicing their stupid and unwanted opinions. Anyone who disagreed with the ruling class that money is speech would be labeled a terrorist and assassinated or sent to Syria or someplace even worse for extraordinary rendition and enhanced interrogation. Of course, we know none of this could never happen because money doesn’t grow on trees—it’s printed on printing presses.

  27. Eugene Lutz

    RECIPE FOR DISASTER

    Collect the following ingredients (can all be found in the U.S.):

    Absurd laws
    Absurd wealth
    Apathy
    Assassinations
    Assassinations with drones
    Attacking other countries for dubious reasons
    Bad guys pretending to be good guys being elected
    Bank rate tampering
    Bombing other countries
    Censoring of important news
    Charles and David Koch
    Chemical warfare
    Citizens United Supreme Court ruling
    Clever evil people
    Corporations meddling in education
    Corporations meddling in government
    Corrupt Congress
    Corrupt judges
    Corrupt judicial system
    Corrupt police
    Corrupt prison-for-profit system
    Corrupt President
    Corrupt Supreme Court 
    Cruel and unusual punishment for petty crimes
    Demonization and stereotyping
    Deregulation
    Detention without due process of law
    Disinformation
    Disregard for human rights
    Disregard for international law
    Environmental destruction
    Executive privilege
    Extraordinary rendition
    Foreign governments and interests meddling in government
    Fossil fuel industry lobbyists
    Fox News and other corporate-controlled news networks
    George Zimmerman with a gun
    Gerrymandering
    Global warming
    Greedy ruling class
    Hate speech
    Herd mentality
    Idiots with guns
    Ignorance
    Indefinite detention without trial or charge
    Indoctrination
    Insider trading
    Internet neutrality threatened
    Large corporations squeezing out small businesses
    Laws that benefit criminal element in government.
    Legalized fraud
    Legitimization of torture
    Liars
    Lobbying
    Making it legal to lie on TV
    Mass surveillance by the NSA
    Mentally ill with guns
    Militarization of police forces
    Military aid to Israel and Egypt
    Military-industrial complex
    Misinformation
    Murders of civilians by police going unpunished
    Naivete
    Neoconservatism
    Neoliberalism
    Not punishing major crimes
    Oligarchy
    Passing of bad laws
    Pepper spray and tear gas
    Phony science
    Police brutality
    Political extremism
    Politicians who pretend to share your values
    Poverty and desperation
    Prejudice and racism
    Privatization
    Profiling
    Pseudo-intellectuals
    Religious hatred and racism
    Repealing of good laws
    Rigged elections and election fraud
    Scandals
    Secrecy
    State-sponsored terrorism
    Stop and frisk
    Stupid people
    Supporting corrupt governments
    Television stations mostly owned by large corporations
    The death penalty
    The Democratic Party
    The Patriot Act
    The Republican Party
    The National Defense Authorization Act
    The Tea Party
    The TPP
    The War on Drugs
    The War on Terror
    Unlimited campaign contributions
    Use of torture in U.S. prisons (solitary confinement for decades)
    Veto power
    Wall Street corruption
    War profiteers
    Wars of attrition
    Wars for no reason at all
    Wars for oil
    Wars for profit
    Weapons of mass destruction
    Wrongful incarceration

    Mix angry mobs with heavily-armed riot police and beat into a chaotic mixture, then let the anger simmer until it explodes into violence.

    genelutz.tumblr.com

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