Solution to the Economic collapes: Odious Debt

Those is power have continuously taken us to war under false pretenses, signed economic treaties for there own benefit, against the will and best interest of the American people.

The individuals in the regimes who acted outside Constitution boundaries are responsible for debt acquired. This debt is not the responsibility of the American people.

It's time to declare to the Congress and the international community that this debt acquired by the criminals holding power in the United States of America is an odious debt and that the confiscation of assets acquired by the Establishment should be an immediate course of action.

Maybe a debtors prison is a good idea for those responsible for our impending economic collapse and dollar debasement. They have destroyed our farming and industrial base and lowered the standard of living for millions upon millions of good people. All the while they have lived high on the hog and enjoyed unimaginable luxuries at our expense. They have assumed that we will just keep taking it like good little sheep. It's time we take the debt off the backs of our children and their children. It's time we free ourselves.

.............................................

ODIOUS DEBT

"When a despotic regime contracts a debt, not for the needs or in the interests of the state, but rather to strengthen itself, to suppress a popular insurrection, etc, this debt is odious for the people of the entire state. This debt does not bind the nation; it is a debt of the regime, a personal debt contracted by the ruler, and consequently it falls with the demise of the regime.

The reason why these odious debts cannot attach to the territory of the state is that they do not fulfil one of the conditions determining the lawfulness of State debts, namely that State debts must be incurred, and the proceeds used, for the needs and in the interests of the State. Odious debts, contracted and utilised for purposes which, to the lenders' knowledge, are contrary to the needs and the interests of the nation, are not binding on the nation – when it succeeds in overthrowing the government that contracted them – unless the debt is within the limits of real advantages that these debts might have afforded.

The lenders have committed a hostile act against the people, they cannot expect a nation which has freed itself of a despotic regime to assume these odious debts, which are the personal debts of the ruler." - Alexander Sack, a Russian international law scholar 1927.
...............................................................................................

Odious debt - http://en.wikipedia.org/wiki/Odious_debt

In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, such as wars of aggression, should not be enforceable.