Comment: Pay off the National Debt and Create over 13 million new Jobs.

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Pay off the National Debt and Create over 13 million new Jobs.

HERE IS WHAT WASHINGTON DON'T WANT YOU TO KNOW !!!!!!

How would you like to totally pay off the National Debt without costing the American People one penny?

How would you like to Abolish the Internal Revenue Service?

THIS IS VERY, VERY SIMPLE and EASY !!!

REMEMBER ONE THING; KEEP YOUR EYE ON THE MONEY SUPPLY.

If the money supply goes up you create INFLATION and prices goes up.

If the money supply goes down you create DEFLATION and prices goes down.

If the money supply remains CONSTANT. Prices tend to trend lower.

1) First we Abolish the Federal Reserve established in 1913..

2) Then we Abolish the Internal Revenue Service established in 1913 along with the Federal Reserve, which serves as the collection arm of the Federal Reserve to pay itself Annual Interest for money we borrowed from ourself.

3) Then We take “fractional reserve banking system” away from all banks and go back to “100% reserve banking system”.

4) Presently the Federal Reserve allows all banks to legally print $10 new Dollars for every dollar they hold on deposit (this is really counterfeiting). This increases bank profits and the Money Supply by a factor of tenfold for every new dollar printed by the Treasury Department and also causes Inflation.

5) This year the Federal Government will borrow and print $1.5 Trillion Dollars.

Eventually this money ends up deposited in a bank. The Banks just like a magician are allowed to take that $1.5 Trillion Dollars and turn it into $15 Trillion Dollars, this will Increase the Money Supply by total of $15 Trillion Dollars.

Wait a minute!!! Ain’t that the same amount we need to pay off the entire Federal National Debt?

We must take “Fractional Reserve Banking System” (this should be called CONTERFITING ) away from the banks and force them to use “100 % Reserve Banking System”.

Then tell the Treasury Department to print up $15 Trillion Dollars of non-interest bearing Treasury notes (dollars) and buy back all the Interest bearing Bonds (Our Total National Debt).

This will not increase the Money Supply by even one penny because we will destroy all the interest bearing Bonds we just purchased.

WOW.. we just paid off the entire $15 trillion dollar National Debt by printing non-bearing interest Treasury notes (dollars) and did not cost the American people one penny.

We totally eliminated the National Debt, eliminated annual interest payments on the National Debt, eliminated paying Federal Income Taxes and created a positive surplus of $2.6 Trillion dollar in the Social Security trust fund,

Every time I go through the calculations I think of other benefits.

Some National Debt Facts:

• Social Security trust fund is $2.6 trillion in the black (IOU’s).
• Social Security trust fund in 2010 ran a $68 billion surplus.
• Only $1.2 trillion is owed to China.
• $10 trillion is owed to American people.

When we pay-off the National Debt as I have suggested we automatically create a Positive Social Security Trust Fund of $2.6 trillion dollars that I suggest we separate this Trust Fund from the General Account.

Presently we are paying about $400 Billion Dollars every year interest on the National Debt (money we borrowed from ourself). But, if interest rates starts going up because of Hyper-Inflation and that’s exactly what the Price of Gold is telling us right now. This interest we are paying on the National Debt could easily grow to an amount larger than the total Federal Gross Income tax receipts.

This is a very Powerful Monetary Tool and this gives you an idea of how the banks has been given this sweetheart deal by Congress back in 1913 which has allowed the Banks to literally rob the American people out of trillions of dollars. The Federal Reserve has already screwed the American People out of $150 Trillion Dollars since its inception.

This will force all the American Banks to go back to a Fair Banking System of “one hundred percent reserve banking system”.

What happens if we do NOTHING?

The alternative is to let the Federal Reserve continue screwing the American people out of TRILLIONS of DOLLARS year after year?

Do you understand what is going to happen when the Feds are forced to start increasing the interest rates to stop the coming Hyper-Inflation?

Back in the 1980s Federal Reserve chairman Paul Volcker was forced to increase Interest rates because of run-away inflation and the Interest rates jump to around 20%. If that was to happen now we could easily see the Annual Interest Charged on our National Debt jump to around $2.8 Trillion Dollars a year. That my friend does not include the projected Annual Budget short fall of another $1.6 Trillion Dollars.

This is exactly why the Price of Gold has increased from $300/oz. to $1,800/oz., a six fold increase. Gold is trying to tell everyone something but no one is listening as usual?

We could end up paying more annual interest on the National Debt than the Internal Revenue Service collects in annual gross Income Tax receipts?

That is called Absolute National Bankruptcy.

The Federal Drug Administration (FDA) is just another privately owned organization setup by the Rockefeller Family to benefit all the large drug Companies and the Medical establishment. The Pharmaceutical Industry, AMA and FDA are Endangering Your Health for Profits.

Please copy and post if you like this idea.

SO MOTE IT BE..
Harry Dingey

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Here is how to create 13.68 million JOBS in the USA over night..

Submitted by Harry Dingey on Thu, 03/22/2012 - 23:25. Permalink

I retired after working thirty years as an Industrial Engineer at Rockwell International in Newark, Ohio.

So, please trust me, these are Real International Trade numbers to back up everything I am saying.

Did you know that America can create 13.68 Million good paying Jobs almost overnight by Pulling out of NAFTA and the WTO right now?

But, most of our American Politicians are in the pocket of the Globalist and they will never let that happen without a bitter fight.

Here is how to create 13.68 million jobs in the United States almost overnight:

“Based on the U.S.Department of Commerce estimates that 22,800 jobs are created for every $1 billion in merchandise produced for Import or Export.”

Go to the following location to check out this statement if you like.

http://www.policyarchive.org/handle/10207/bitstreams/9621.pdf

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Total USA Imports in 2011 = $ 1,900 billion.

$ 1,900 billion X 22,800 = 43.320 million jobs lost to Imports from China, India, Japan & Mexico.

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Total USA Exports in 2011 = $ 1,300 billion.

$ 1,300 billion X 22,800 = 29.640 million jobs created from Exports.

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If USA Pulls out of NAFTA and the WTO right now here is what the numbers say:

USA could possibly lose 29.640 million Jobs from EXPORTS.

However, I am sure many countries will still import some items from the USA because they are not available in other countries. That would of course create even more JOBS gained than I have estimated.

The USA would absolutely create 43.320 million Jobs by closing the doors to NAFTA and the WTO and producing these items in the USA.

So, 43.320 minus 29.640 = 13.68 million NET JOBS Absolutely GAINED.

The Manufacturing JOB LOSS is increasing each and every year. I calculated this JOB LOSS in 2006 at 10 million JOBS LOST in 2006.

My calculation means an ABSOLUTELY net gain of 13.68 million Jobs gained if the rest of the world did not buy one single penny of USA EXPORTS.

SO MOTE IT BE....
BY: Harry Dingey

Harry Dingey