From the Radio Free Michigan archives ftp://141.209.3.26/pub/patriot If you have any other files you'd like to contribute, e-mail them to bj496@Cleveland.Freenet.Edu. ------------------------------------------------ With a Treasury Debt-Free Money System in Place Income Taxes and Virtually all TAXES WOULD END Here is an article published in the February, 1990 issue of the "National Educator; Fullerton, California, USA, written by columnist James P. Fitzgerald. The Federal government is cutting back on various health care programs. These cuts are all becuase of the debt, deficits and shortage of money. Estimates are that many thousands will die as a result of the cuts. The cutbacks were explained by a Mr. William Vaughn, an aide to Fortney Stark, one of the key Congressmen on health issues, by saying, If money came from heaven like manna, we would pay for this. But it doesn't so we have to make choices. How sad that Mr. Vaughn did not explain where money does come from! A truthful statement would surprise many millions of people. Vaughn's statement implies that money is hard come by, yet the banks create money the God created mana and spread it all around for the Jews in the desert. God gave the mannaas a free gift but the bankers charge usury for lending the money they create. People steadfastly refuse to believe that the banks are like magicians in creating the money they lend. The unbelief comes from a common conviction that no government would be crazy enough to let private bankers create money. So the common perception remains that banks don't really create money becasue only idiots would permit it. At the same time banking propaganda continues to warn that government must be careful not to print too much money and cause inflation. The propaganda is effective because it is buttressed by the economists who know prefectly well that the government only prints currency at the request of the banks. But the main proof that government has lost its Constitutional prerogative to coin money lies in the debt figures. If the public authority were creating the nation's money, would it have a two and one-half trillion debt and a 250 billion dollar deficit? The Federal Reserve has created billions of dollars, and as a result has billions in assets and no debt. People should be impressed by those figures. If the Fed is asked why it has a policy of opposing U.S. Treasury creation of money, it replies that government cannot be trusted to carry out its sovereign prerogative of coining money; it cannot be trusted because it would print money wholesale and cause inflation. THis absurd charge can fool and confuse the masses, but it has no merti. It lacks merit because the Congress has to set up a budget and authorize approprations in accord with national needs. So the money total will be the saem whether government borrows the money or creates it. But strikingly obvious are the benefits that would come from a treasury money system. The first and most obvious would be an end to income taxes and virtually all taxes. With a treasury debt-free moeny system in place, the government could face up the repair and upkeep of the badly decayed infrastructure - roads, bridges, seaports, dams water and sewer systems, parks and playgrounds. At the moment, officials are distressed with the decaying conditions throughout the nations, but they are strapped for money. In opposing the implementing of a sound Treasury system, the financiers will call on all their powerful reserves. THe media will obediently shout "Fiat money, printing press money". THe horrors of inflation will be described on every page. What can save the situation is a popular recognition that a Treasury system will, in fact, end taxes. The bankers can't deny it. "All that is necessary for the triumph of evil, is that good men and women do nothing." ------------------------------------------------ (This file was found elsewhere on the Internet and uploaded to the Radio Free Michigan archives by the archive maintainer. All files are ZIP archives for fast download. E-mail bj496@Cleveland.Freenet.Edu)