Dans le cadre de la dynamique extension du forum social mondial 2016

Ce 17 nov – dès 18h30 : conférence débat – accessible à la participation à distance

voir la présentation ici

http://openfsm.net/projects/suisse-et-fsm-switzerland-and-wsf/swissetfsm-act212-reunion-monnaie-citoyenne-et-monnaie-pleine-lausanne-novembre-fsm2016

Les Suisses résistent, voir AAA+ http://aaapositifs.ch/ et www.monnaie-pleine.ch

La monnaie-pleine devrait déjà être en vigueur, ils trichent et ne respectent pas la volonté populaire à près de 60 %….

http://www.amtsdruckschriften.bar.admin.ch/viewOrigDoc.do?id=10070339

De vrais francs pour tous  !
L’initiative Monnaie Pleine des francs suisses veut exactement ce que beaucoup pensent être déjà la réalité aujourd’hui, notamment que seule la Banque nationale produise les francs suisses, y compris les francs suisses par l’argent électronique et par les crédits. 

Nous respectons toutes les autres monnaies suisses ( plus de 100 ) , par exemple les francs wir, www.wir.ch , ou les Reka, Sels, Talents, Lémans, Farinets,  Tauschring… qui doivent être aussi des monnaies pleines…

http://desiebenthal.blogspot.ch/2010/04/local-money-systems-e-currency-systems.html

http://desiebenthal.blogspot.ch/2015/10/5-ans-deja-maurice-allais.html

Ceci est en adéquation avec l’intention initiale de la Constitution fédérale (dès 1891 l’article 36, « La monnaie relève de la compétence exclusive de la Confédération »). aujourd’hui l’article 99 : Les banques ne seront dès lors plus autorisées à créer leur propre argent; elles ne pourront prêter plus que l’argent qu’elles auront reçu des épargnants, des autres banques ou, en cas de besoin, de la Banque nationale. 

http://desiebenthal.blogspot.ch/2016/05/sus-aux-impots-aux-enfers-fiscaux.html

Votation populaire du 18.10.1891 

Votation No 37
Tableau récapitulatif 

 https://www.admin.ch/ch/f/pore/va/18911018/det37.html

Arrêté fédéral concernant la révision de l’article 39 de la constitution fédérale

Le projet a été accepté

Electeurs
Total électeurs	654’372
Participation
Bulletins rentrés	405’483
Participation	61.90%
Bulletins n’entrant pas en ligne de compte
blancs	13’400
nuls	1’890
Bulletins entrant en ligne de compte
Bulletins valables	390’193
Oui	231’578	59.3%
Non	158’615	40.7%
Votes des cantons oui	12 4/2
Votes des cantons non	7 2/2

Référence: FF 1891 V 517
Remarque: Pas de données détaillées sur le nombre d’électeurs dans les cantons.

Bizarre, impossible d’avoir les détails…
http://www.amtsdruckschriften.bar.admin.ch/viewOrigDoc.do

Erreur de l’application Une condition inattendue a empêché le serveur de compléter la requête. La banque «d’Etat» s’est muée en banque «indépendante» entre 1891 et 1907 Un premier projet du gouvernement, influencé par le radical de gauche Hauser, plaçait la Banque nationale sous l’autorité de Berne. Refusé en votation populaire, il fut remplacé par le «compromis de 1905» qui posa les bases du développement des grandes banques.  Partager       Tweeter       Partager      En 1891, donc, après que la loi de compromis adoptée sous le régime de l’ancien article 39 eut donné lieu à de tels errements que les partisans du statu quo ne parvenaient plus à contenir l’influence des avocats de la réforme, les Chambres fédérales s’accordaient in extremis sur le principe d’octroyer à la Confédération le monopole de l’émission. Divisées, elles se gardaient de trancher sur la question qui fâchait, confiant au législateur le soin de décider si ce monopole serait exercé par une banque d’Etat ou concédé à une banque par actions; publique ou privée, deux tiers au moins des bénéfices de la banque devraient aller aux cantons.Ainsi remanié, l’article 39 passait le cap du référendum en octobre 1891. Près de quinze ans passeront encore avant qu’une loi ne soit adoptée, en 1905, et mette sur pied la BNS, dont les activités ne démarreront qu’en juin 1907. La variante Hauser Le législateur avait-il rechigné à l’ouvrage ou trop tardé, nouvel âne de Buridan, à choisir entre les deux termes de l’alternative ouverte par l’article 39 de la Constitution? Tout au contraire. Après avoir sondé les banques émettrices puis constitué un imposant dossier d’expertises contradictoires, le Conseil fédéral présentait aux Chambres, à l’automne 1894, un Message salué pour son exceptionnelle qualité et un projet de loi fort de 52 articles qui, sur le plan de la technique bancaire, s’attirait les révérences de praticiens. Seulement voilà: emmené par le conseiller fédéral et radical de gauche Walter Hauser (1837-1902), le gouvernement avait opté pour la variante d’«une banque d’Etat», avec siège principal à Berne. Il justifiait ce choix au motif que le monopole de l’émission obtenu en 1891 ressortissait de la souveraineté de la Confédération et qu’en donner concession à un institut privé, même dirigé par elle, l’exposait à ne plus jamais pouvoir le reprendre, ce que l’avenir confirmera d’ailleurs. Quant aux influences politiques dont la banque d’Etat pourrait être le jouet, le Message ne les niait pas. Il faisait valoir qu’elles s’exerceraient aussi bien sur un institut privé et que si la banque d’Etat était «organisée, dirigée et administrée» sur les bases du projet de loi proposé, il n’y avait pas «à craindre qu’elle devienne un asile pour des politiciens ruinés, un instrument docile pour les partis politiques ou un champ d’essai pour des expériences économiques douteuses». Les scandales à répétition survenus au sein des grandes compagnies ferroviaires d’avant le rachat des chemins de fer conféraient un certain poids à cet argumentaire. L’urgence croissante du dossier et les rapports de force politiques aux Chambres firent le reste: à l’été 1896, au terme d’une série de débats tendus, celles-ci adoptèrent le projet de loi, non sans l’avoir toiletté en faveur des cantons, lesquels obtenaient la totalité des bénéfices que la banque réaliserait, ainsi qu’une large représentation au sein de ses organes dirigeants. Le référendum fut aussitôt saisi et, en février 1897, le projet rejeté. «Enfant mort-née» La banque d’Etat avait donc péri dans les urnes: une «enfant mort-née», prédisait, en 1894 déjà, l’un de ses plus implacables adversaires, le conseiller national radical Conrad Cramer-Frey (1834-1900). Venant du président de l’Union suisse du commerce et de l’industrie, de surcroît publié dans les colonnes de la Neue Zürcher Zeitung, ce faire-part anticipé prenait des allures de prophétie auto-réalisante. A vrai dire, même si le torpillage réussi de la loi de 1896 témoignait d’une nette montée en puissance de l’influence de l’Union suisse du commerce et de l’industrie, la partie ne lui était pas d’emblée acquise. L’essor du mouvement ouvrier d’un côté, l’organisation croissante des paysans de l’autre, la présence, enfin, d’une solide aile sociale au sein du courant radical, toutes forces acquises au projet Hauser, compliquaient le jeu d’une façon notable. Un enjeu pour Cramer-Frey Ainsi n’avait-il pas suffi de placer le sujet sur le terrain de la lutte des classes en martelant au parlement que la banque d’Etat n’était rien d’autre que le cheval de Troie de la pénétration du socialisme en Suisse pour convaincre les Chambres de faire bloc contre le projet. Et, sans le référendum, qui lui permit de fixer sur le rejet de cette loi tout ce que le corps politique suisse comptait d’hostilité à la réforme monétaire et, plus généralement, à l’interventionnisme de la Confédération, l’Union suisse du commerce et de l’industrie essuyait une défaite politique cinglante. Détail d’importance, son président, Cramer-Frey, misait sa légitimité dans ce bras de fer. De longue date convaincu de la nécessité d’une centralisation monétaire, il avait lui-même défendu la refonte constitutionnelle de 1891 au sein de l’Union, divisée, et persuadé les inquiets qu’elle déboucherait sur la mise en place d’une banque centrale à base privée. Le principe de base était simple: plus l’institut à venir serait distant de l’Etat, loin de la Berne fédérale et proche du Zurich des affaires, moins il était à craindre qu’il ne serve à financer des projets susceptibles de contrevenir aux intérêts de l’Union suisse du commerce et de l’industrie. Dans les années 1890, où on débattait ferme droit au travail, assurances sociales, désendettement agricole et étatisation des chemins de fer, l’enjeu n’était pas mince et valait bien un référendum. Le verdict sorti des urnes, outre qu’il établissait le constat de décès du projet de banque d’Etat, eut deux autres effets notables. En premier lieu il confortait la grande association faîtière patronale, sorte de «huitième conseiller fédéral», dans sa prétention à peser de façon durable et sensible sur l’action de l’Etat central. En second lieu – faux-frais, pour ainsi dire, de l’épreuve de force engagée et gagnée par Cramer-Frey et ses collègues – le naufrage de la loi Hauser offrait un sursis inespéré au régime de la pluralité des banques d’émission. Les défauts de ce système allaient encore s’aggraver jusqu’à devenir, comme le dira un contemporain, «une calamité économique». Parasitisme et satellisation Liquidité insuffisante, portefeuille de change douteux, variations brusques du taux de l’escompte, cherté du prix de l’argent, circulation monétaire incontrôlée, disette chronique des moyens de paiement: tels étaient, vers 1900, les principaux chefs d’accusation dressés à l’encontre des trente-six établissements concurrents qui se disputaient alors le lucratif marché de l’émission. Mais c’est leur incapacité à lutter contre la dégradation de la tenue du franc suisse sur le marché des changes, phénomène dont les proportions étaient devenues alarmantes entre 1896 et 1901, qui leur valut de recevoir le coup de grâce du législateur. Administré en 1905 par l’adoption d’une loi dite de compromis qui permit enfin de mettre sur pied la Banque nationale suisse, ce coup de grâce tardif ne visait pas seulement à en finir avec un système décrié, notoirement incapable de soutenir le cours de la monnaie nationale. Il s’agissait aussi de délier l’économie suisse de sa dépendance historique vis-à-vis du marché monétaire et financier parisien, marché par l’entremise duquel les importateurs helvétiques, en raison de l’appartenance de la Suisse à l’Union monétaire latine, devaient effectuer l’ensemble de leurs règlements sur l’étranger. Signataire de l’Union monétaire latine en 1865, la Suisse s’était d’abord assez bien trouvée de son intégration à cet espace monétaire international dominé par la France. Avantage considérable, la Confédération, dont l’écu avait cours sur le territoire de l’Union, disposait par contrepartie des pièces d’or et d’argent frappées par les Etats membres, dont l’abondant numéraire français et italien. A cet apport appréciable de moyens de payement s’ajoutait que l’adhésion à l’Union assurait aussi un accès privilégié à ce très gros bas de laine qu’était alors l’épargne des Français. Là encore, l’apport fut sans doute substantiel, notamment durant la période de construction du réseau ferroviaire suisse. Et il fut à coup sûr décisif pour le placement des grands emprunts de la Confédération. Trente-six concurrents La rançon de ces facilités, qui confinaient au parasitisme, était que, vers la fin du XIXe siècle, la Suisse était devenue, selon le mot d’un auteur de l’époque, une «province monétaire de la France». C’est avec cette satellisation, soulignée par les chutes de cours répétées du franc suisse vis-à-vis du franc français, que les élites économiques et politiques helvétiques veulent rompre en 1905. Une banque d’émission unique, dotée de la puissance de feu nécessaire pour intervenir sur le marché des changes et mieux capable de réguler la circulation fiduciaire que trente-six instituts concurrents, tel sera l’instrument qui allait permettre de délier les destinées monétaires de la Confédération de celles de son grand voisin de l’Ouest. Sous cet aspect, la création de la BNS constitue sans nul doute un tournant historique majeur dans l’histoire économique et politique de la Suisse. La persistance du régime de la pluralité des banques d’émission, consécutive aux batailles engagées sur le champ politique suisse de la fin du XIXe siècle, n’indisposait pas seulement les milieux représentés au sein de l’Union suisse du commerce et de l’industrie. En conférant aux banques cantonales une place dominante au sein de l’armature bancaire helvétique, ce régime freinait les capacités d’expansion des grandes banques commerciales. De même, l’absence, jusqu’en juin 1907, d’une banque centrale assez solide pour agir en prêteur de dernier ressort, privait ces banques de l’indispensable soutien d’un filet de secours institutionnel, dont l’absence fragilisait du reste le système de crédit tout entier. Retard de vingt ans Les facilités de refinancement que les petits et moyens établissements de banque trouvaient auprès des instituts émetteurs, moins soucieux de la liquidité et de la qualité de leurs encours que des profits qu’ils tiraient de l’émission, participaient de cette fragilité, mais permettaient aussi à ces banques locales de se maintenir face aux grandes banques commerciales. Et c’est une des raisons pour lesquelles, jusqu’à la mise en place de la BNS, le mouvement de concentration au sein du monde bancaire suisse a été plutôt faible. Les grandes banques helvétiques ne commenceront d’ailleurs à développer un réseau de filiales qu’au tournant du siècle, soit presque vingt ans après les banques cantonales et bien après leurs consœurs allemandes, françaises ou anglaises. Hécatombe La mise sur pied de la banque nationale jouera ici un rôle essentiel. D’une part, la suppression du privilège de l’émission contraindrait les instituts qui en bénéficiaient, banques cantonales au premier chef, à compenser cette perte en intensifiant leurs opérations dans leurs autres branches d’activité. D’où un renforcement prévisible de la concurrence interbancaire qui se traduisit, avant même l’ouverture de la BNS, par quelques fusions décisives, principalement opérées par les grandes banques. D’autre part, la politique d’escompte plus restrictive de la Banque nationale contribuera à péjorer les capacités concurrentielles des instituts qui s’étaient maintenus grâce aux refinancements obtenus auprès des anciennes banques émettrices: ce resserrement des règles du jeu est à l’origine de la disparition, entre 1906 et 1913, de près de quatre-vingts organismes de crédit. Une hécatombe jamais vue, qui nettoya le terrain au profit de l’avancée des grandes banques de Zurich et de Bâle, dont la montée en puissance dans l’appareil de crédit national signait un moment essentiel de l’émergence de la place financière suisse moderne. La Suisse fut, de tous les pays industrialisés d’Europe, l’une des dernières à se doter d’une banque centrale. D’un point de vue économique, toutes les conditions étaient réunies pour qu’un tel institut voie le jour au cours des années 1880-1890. Mais quel aurait été alors son statut? En 1897, les cercles attachés à la pluralité des banques d’émission, les adversaires de l’Etat fédéral, dont les cantons romands, par la main donnée à l’Union suisse du commerce et de l’industrie, jouèrent un rôle décisif dans le rejet du projet de banque d’Etat: il n’est pas sûr que cet échec ait été vraiment à leur avantage. Ironie de l’histoire, il est à peu près certain, en revanche, que les grandes banques helvétiques, qui n’avaient pas mené bataille contre ce projet de banque d’Etat en 1897, n’eurent pas à se plaindre de la manière dont la société de droit privé sortie dudit «compromis» de 1905 concevrait sa mission d’«intérêt général». A cet égard, si leur développement initial eut à souffrir du retard pris dans l’exécution de l’article 39 de la Constitution fédérale de 1874, la BNS les a dédommagées de leur patience, et largement. Pour en savoir plus: • Rolf Zimmermann, «Volksbank oder Aktienbank? Parlamentsdebatten, Referendum und zunehmende Verbandsmacht beim Streit um die Nationalbankgründung, 1891-1905», Zurich, éditions Chronos, 1987. • Sébastien Guex,«La politique monétaire et financière de la Confédération suisse 1900-1920», Lausanne, éditions Payot, 1993. • Malik Mazbouri, «L’émergence de la place financière suisse (1890-1913). Itinéraire d’un grand banquier», Lausanne, éditions Antipodes, 2005.

https://l.facebook.com/l/tAQHpyafwAQGtWqhoBfH3eUnpBaXWW8NE-aj3hZHU_kiDfQ/https%3A%2F%2Fyoutu.be%2FDZx5outCPc8

https://l.facebook.com/l/JAQFQRe0PAQFuAYCLl9mgVNcfjYXZq-1D3WbCSplqjfp2oQ/https%3A%2F%2Fyoutu.be%2FafHk3lQ5PaQ

https://l.facebook.com/l/9AQEKmwtjAQEMpNEOUDY90jkBtjcV1t-_DvdFCdJC8U4rSA/https%3A%2F%2Fyoutu.be%2FJW73adTQx-A

https://l.facebook.com/l/uAQEnHgIUAQHhu-FmFbvgPuC2ZVIQBeVj3WdXv0f8YvYmjA/https%3A%2F%2Fyoutu.be%2Fkuq9h_nOTa4

https://l.facebook.com/l/vAQG3LyREAQGodckbx4QesmWVKmfxjAqBpBN0IHa_j6fCFw/https%3A%2F%2Fyoutu.be%2FiIUDyK4azp4

Bises et belle journée à vous ! 
Chloé

Images correspondant à siebenthal monnaie pleineSignaler des images inappropriées

 

 

 

 

 

Plus d’images pour siebenthal monnaie pleine

Participer à distance avant pendant et après la conférence via la salle skype avec Chloé sur skype https://join.skype.com/dJJAkcwc5HX6 (entrer avec son compte skype ou recevoir un compte provisoire de 24h) – si elle est disponible voir la vidéo en direct de la conférence

Lien vers l”initiative monnaie pleine annoncée au forum social mondial à Montréal

https://fsm2016.org/groupes/monnaies-pleines/

http://desiebenthal.blogspot.ch/2016/11/monnaie-citoyenne-et-monnaie-pleine-le.html

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Archive: http://openfsm.net/projects/suisse-et-fsm-switzerland-and-wsf/lists/suisse-et-fsm-switzerland-and-wsf-discussion/archive/2016/11/1479387121000

Invitation: UN Library Geneva: 


Meet the Inspectors – 


An exchange on the contemporary challenges faced by the Joint Inspection Unit – Monday, 21 November 2016, 12.30 pm – 2.00 pm – Library Events Room (B135), Palais des Nations, Building B, Door 20, 1st Floor

EXCEPTIONNELLES SOIRÉES AVEC PIERRE RABHI – merci de diffuser l’information auprès de vos ami(e)s ou réseaux – Conférence ” Convergence des consciences “ autour de son dernier livre & Concert  ” Les Confessions d’un Colibri “ avec 8 artistes musiciens et chanteuses sur scène, livret adapté par Pierre Rabhi PARIS – 18 Novembre 2016  – Casino de Paris -20h00 AVIGNON – 02 Décembre 2016 – Palais des Papes – 20h00 Organisé par Bleu Safran Convergences Infos & Billetterie: www.bleusafran.org 06 77 85 46 44 contact@bleusafran.org Conférence autour du tout récent livre de Pierre Rabhi suivie de la création ” des confessions d’un colibri” sur l’itinéraire de Pierre Rabbhi, agroécologiste, écrivain et penseur. Un humaniste au service de la terre.  ( tout public) Texte Pierre Rabhi Livret adaptation   Ada Bonora  et Pierre  Rabhi Musique   Dominique Lièvre avec  quatre chanteuses solistes et quatre talentueux musiciens aux divers univers musicaux « L’éducation des plus jeunes à ces enjeux planétaires est une priorité absolue car un de mes questionnements est : quelle planète laisserons nous à nos enfants et quels enfants laisserons-­‐nous à notre planète ? » Pierre Rabhi “De ses propres mains, Pierre Rabhi a transmis la Vie au sable du désert… Cet homme très simplement saint, d’un esprit net et clair, dont la beauté poétique du langage révèle une ardente passion, a fécondé des terres poussiéreuses avec sa sueur, par un travail qui rétablit la chaîne de vie que nous interrompons continuellement” Yehudi Menuhin

Copied here is my reply to a correspondent who quoted Dr. Geoffrey Dobbs as saying that you don’t have to be a Christian to be a Social Crediter but if you become a Social Crediter you will become a Christian.  My correspondent also speculated upon the possibilities and problems of the Trump phenomenon.

“Briefly, I look at it this way.  Reality, whatever it may be, is reality.  To the extent that Social Credit and Christian principles both reflect and represent reality, they they are essentially compatible and the same.

“I believe that Trump is probably sincere.  But as you say, he faces some enormous obstacles with the likelihood of severe backlash if he does not, or is not able to, deliver on his promises.  His biggest handicap is his training and experience in financial and economic orthodoxy and his obsession with providing “jobs”.  There is little doubt that the U.S. infrastructure is in need of renewal but doing so will incur vast inflationary expenditure and increased public debt.  Perhaps the greatest challenge will be to maintain “jobs” in the wave of technology which is doing what it should do, i.e., eliminating human effort as a factor of production.  In all of his campaign, he has never to my knowledge alluded in any way to this increasingly urgent and critical contemporary issue.  We know where the policy of full-employment leads, i.e., to expanded State involvement in the economy, the growing need to compete in the export markets and the resultant international friction which provokes war amongst nations.

“Were I an American I would have voted for Trump in the faint hope that, being as proudly independent as he appears and thinks himself to be, he might be educable.  He has a reputation for listening. Were he to break with tradition it would be like a minnow attempting to swim upstream against the flow of a mighty river.  But the Establishment is increasingly unable to provide sound and viable solutions to economic and social problems and as Douglas said, without appropriate modification, the financial system will ensure that these problems will only intensify.  The public is becoming increasingly restive.  If we can manage to break through with the Social Credit message to effect a mental and emotional release from centuries of misguided morality and convention or tradition, perhaps we can open the floodgates of change.  Under certain favourable conditions crystallization can occur very rapidly.  Consequent to the marvels of modern electronic communication, Douglas’s ideas are now slowly emerging on the ideational landscape and if we keep up our promotional activities they may break into the general light of day.  The astonishing progress of technology, with which the financial system is increasingly incompatible, works inexorably toward our advantage—provided that we rise to the challenge.

“I have been forwarding Social Credit material to Trump, to Dr. Ben Carson and to John Porter, a dedicated and very active supporter of Trump.  Oliver has twice sent his major book, “Social Credit Economics”, to the Trump offices.  It was forwarded also to Vladimir Putin.  Social Credit is now “out there” on the Web.  It has not yet gone “viral” but we keep struggling and hoping.  Oliver has recently suggested taking advantage of the growing use of “memes” on the battleground of the social media.”

Sincerely
Wally

What is economic democracy? Swiss project based on Goldsborough

BILL TO CORRECT MONEY CREATION IN USA IS PASSED BY HOUSE BY 289 VOTES TO 60; Goldsborough Measure Directs Reserve Board to Control Credit and Currency. 

This is an impressive document.  It articulates policy without specifying details.  It articulates:

1.       A sound rationale in its preamble for its authority to do so and concise reasons why it is needed – i.e. the precise cause of the gap.

2.       A restatement of Douglas’s principle that the purpose of production is consumption and that the best system is the one that gets goods into the hands of consumers as, when and if needed at the lowest possible cost.

3.       The basic framework for government administration departments is given;  Federal Credit Commission (FCC) and issue of debt-free money under the Treasury.

4.       Defines the just price mechanism by which the compensated price discount shall be calculated.

5.       The mandate to ensure no more credit is issued than can be supported by social credit – i.e. national productivity.

6.       A provision is made for dividends under the guidance of the FCC so that it can be properly factored with the compensated price (CP) in order to meet the policy objective of not causing inflation.

7.       Discount only applicable to consumers.


… Sincerely, Dean…

… more, see below…

Positive money in Switzerland 2017 or 2018 , Vollgeld , monnaie-pleine, moneta intera ?

http://desiebenthal.blogspot.ch/2016/11/trump.html


The allies of evil are ignorance, apathy and the wish to not believe.

Lev. 25: 23

Below is quote from Representative Louis T. McFadden, Chairman of the Committee on Banking and Currency for 12 years as quoted from the Congressional Record

The Federal Reserve Board, …, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt…Our people’s money to the extend of $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve Banks……………

SUMMARY OF QUICK FACTS
1a. The Federal Reserve (FED) is a PRIVATELY OWNED, organization. Unbelievable? Check the ENCYCLOPAEDIA BRITANNICA.
b. Below is the list of the owners of the 12 Central Banks:
– Rothschild Bank of London
– Rothschild Bank of Berlin
– Lazard Brothers of Paris
– Israel Moses Seif Banks of Italy
– Warburg Bank of Amsterdam
– Warburg Bank of Hamburg
– Lehman Brothers of New York
– Kuhn Loeb Bank of New York
– Goldman, Schs of New York
– Chase Manhattan Bank of New York
In all, there are about 300 VERY POWERFUL, partly foreign individuals that owns the FED.

2. Although the FED is required to give back most of its PROFITS back to the Treasury Dept., there is NO ORGANIZATION that has the power to AUDIT the FED (not even the Congress or the IRS). This creates a HUGE opportunity for “creative accounting” to hide the profit that ROBS the US Tax Payers Hundreds of Billions of Dollars annually.

3. Every year, a few Congressmen introduced a legislation to AUDIT the FED, and every year, the legislation is defeated. The owners of the FED is the most powerful, invisible lobbying power there is.

4. The owners of the FED own the controlling interests in ALL major media in the US. Rockefeller, through Chase Manhattan bank, controls CBS and ABC and 28 other broadcasting firms. Each of the other owners of the FED also have controlling interest in the US media. This explain why the media have
been silent about the FED scam. The FED fraud is the biggest and longest cover-up in the US today.

5. According to Article 1, Section 8 of the Constitution, the US Congress has the power to print money (The Congress shall have the power…to coin money, regulate the value thereof, and of foreign coin, ..). According to the Supreme Court, the Congress can not transfer its power to other organization like the FED.

HISTORY OF THE FED

After several attempts to push the Federal Reserve Banking Act through Congress, a group of bankers funded and staffed Woodrow Wilson’s campaign for President. In 1913, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas, when most Congressmen were on vacation. Naturally, president Wilson passed the Act when he was elected as a pay back to the bankers.

HOW THE OWNERS OF THE FED PROFIT AT OUR EXPENSE

The US goverment runs a $400 billion deficit annually. To cover this, the US goverment issues bonds which are bought by the FED.

Since the FED has the POWER TO PRINT MONEY, it can buy any amount of the US. Government bonds at almost NO COST, save for the expense of printing money (~3 cents/$100).

At this point, the owners of the FED already profit $99.97 for every 3c they invested to print the money. Basically, they exchange something that costs almost nothing to them with the US Government Bonds.

Since the FED can NOT be AUDITTED by the IRS (or even by Congress), most of this profit can go anywhere the FED owners want to. BTW, did I mention that the profit is TAX-FREE?

After buying the bonds, the owner of the FED can either:
1. Keep the bonds, and collect the interest the US Government now OWES them.
2. Sell the bonds to the US Tax Payers or foreigners.

In either case, the FED owners have profitted $99.97 for every 3 cents it invested to print the money. Remember, the FED is a PRIVATELY OWNED corporation, just like the Federal Express. The profit of the FED goes to the FED owners.

The US Government now owes the FED owners the interest on those bonds. Remember that the FED owners DO NOT EARN the bonds. They simply PRINT the money to buy the bonds. In other words, they created money out of thin air, and exchange it for the interest bearing bonds.

In order to pay for the bonds’ interest, the US Government taxes the US population.

When a US Citizen holding US Government bonds receives his/her return of investment on the bonds, essentially the money he/she receives is the tax money he/she is paying to the Government.

When the OWNERS of the FED receives the interest on the BONDS they’re holding, they are receiving that money for FREE (save the initial 3cent/$100 investment to print the money)! Not only that, the FED owners receive the money TAX FREE.

Under the LAW, the FED is REQUIRED to RETURN its PROFIT back to the US Treasury. However, NEITHER the Congress NOR the IRS have the POWER to AUDIT the FED. The FED has used this obvious loophole to profit via ‘creative accounting’.

Consider this: every year, the FED profits by hundreds of billions of dollars by buying US Government Bonds. Yet it only returns ~$20 billion to the US Treasury. The rest of the profit has been spent as “Operational Expenses”.

The FED expects us to believe that the FED operational expenses amounts to $100’s billion dollars annually!!!

The truth is, those profits were spent as “DIVIDENDS TO SHAREHOLDERS”!!!!

Year after year, the FED owners bleed the US Tax Payer dry by hundreds of billions of dollars. Keep this going, and the US will go bankrupt in a few more years. Small wonder why the National Debt is increasing at its current rate.

WHY THE FED SHOULD BE ABOLISHED

1. The US Congress has the option to buy back the FED at $450 millions (per Congressional Records).
When the Congress does this, it will own back the billions of US Government Bonds held by the FED.
The US Government will actually PROFIT by buying back the FED! Also, the US government no longer has to pay interests to the FED owners on those bonds.

2. Through their ownerships in the FED, FOREIGN POWERS CAN and WILL influence the US economy. By controlling our interest rates and money supply, they can actually create economic disaster in the US, should the US disagree with them.

3. Although the FED directors must be confirmed by the Senate, the awesome lobbying power of the FED owners makes this process meaningless. The owners of the FED can and will put whoever they wish in the position.

4. Abolishing the FED will lead to lower inflation. At this moment, the FED prints as much money as needed to buy the US Government Bonds. Since the FED prints this MONEY out of THIN AIR, this leads to an INCREASE of MONEY SUPPLY, WITHOUT increase in GOODS/SERVICES. This, as all of us know it, leads to INFLAFION.

If the general public buy those bonds with money that they EARNED by providing GOODS/SERVICES, the money supply level is contant in relation to the goods/services level. Thus, there is no inflationary pressure from selling these bonds.

5. Abolishing the FED will reduce the national debt level. By buying back the FED at $450 millions, the US Government will buy back the billions of dollars of bonds held by the FED. Thus, the net effect is a reduction in national debt. After buying back the FED, the US Government does not have to pay interest on those bonds it buys back, further reducing the national debt.

6. Abolishing the FED will lead to eventual balance budget. Today, even if the US Economy only grows by a meager 2%/yr, the US Government should be able to put 2% of US-GDP dollars into circulation WITHOUT INFLATION.

Consider, if the goods/services grow by 2% and the money supply grows by 2%, the ratio of goods/services vs. money supply remains constant. Thus, no inflation is created.

The government can use this extra money supply to fund its project without raising taxes.

As long as the government does not print money more than the goods and services available in the US, there will be no inflationary pressures.

This had in fact been done with Executive Order 11110 of President Kennedy. Kennedy ordered the Treasury Dept. to print a US GOVERNMENT NOTES (vs. FEDERAL RESERVE NOTES). In effect, Kennedy bypassed the FED by making the Treasury Department printed REAL US MONEY, instead of selling bonds to the FED for almost free.

The sad fact is, the US Government does not do this anymore. Instead, the US Government sell bonds to the FED, which buys those bonds using money they don’t earn. Thus, the US Government must now pay interest on those money that it “borrows” from the FED.

7. By point (6) above, the US Government can actually reduce taxes on everybody since it has more interest free money to spent in the amount equal to the growth of the US GDP. KEEP IN MIND,
THIS MONEY WILL NOT CAUSE INFLATION, since the money is printed along with the growth of the goods and services.

What you can do to save the United States of America

The FED should either be AUDITTED every year, or be abolished. I have done my part providing this information. It is up to you to decide the future of the US economy. Please do the followings:

1. DO YOUR OWN RESEARCH!!!!
If everything that I wrote here sounds too far fetched to be true, I challenge everyone of you to do your own research, and see for yourself.

Recommended literatures:
– Encyclopaedia Britannica.
– Congressional Record
– “The Federal Reserve Bank” by H.S. Kenan
– “Repeal the Federal Reserve Bank” by Rev. Casimir Frank Gierut
– “The Secrets of the Federal Reserve” by Mullins

when you are sure about the facts,

2. Call your Congressman and tell him to support the legislation to AUDIT the FED.

3. Call your representatives and ask them to support legislation introduced by Congressman Henry Gonzales to repeal the Federal Reserve Act of 1913.

4. Push for your home states to introduce and pass a legislation to end the FED scam. The following states have already done so:
Arizona, Washington, Arkansas, Idaho, Oregon, Indiana, and Texas.
Even if you live in these states, contact your representatives and tell them to support the legislation. THEY WILL LISTEN if you care to TELL THEM!!!

5. Ask your STATE and COUNTY government to abolish the FED. Since the FED is CONSTITUTIONALLY ILLEGAL, it MUST be abolished. Ask your state/county governments for the proper paperworks.
If the US Congress refuses to abolish the FED, your STATE/COUNTY governments can do it.

6. Collect signature on petitions calling for the end of the FED.

7. Tell friends and family about this fraud, and ask them for supports. Secrecy is the FED’s main strength. Since the media has been quiet, no one even notice this FRAUD that goes on for decades.
Now it is up to the tax payer to be informed. Inform everyone you know about this, and be organized!!!

8. Contact “America Betrayed”,
Center for Action,
652 N. Glenview,
Nesa, AZ 85213

9. Contact “National Committee to Repeal the Federal Reserve Act”,
P.O. Box 1205, Middleburg, IL60599

10. This article maybe reproduced and distributed freely WITHOUT changes.

What to do immediately, asap, vix…

Apply the Goldsborough bill  

Passage of this 97-word bill by the House of Representatives last week caused intense financial excitement abroad.

and the Exec­utive Order 11110 given by J-F Kennedy still valid, which further amended Executive Order 10289 of September 19th, 1951. This gives the President of the United States, legal clearance to create his own money to run the country, money that would belong to the people, an interest and debt-free money. He can still print United States Notes, completely ignoring the Federal Reserve Notes from the private banks of the Federal Reserve.

http://pavie.ch/mobile/?lng=en
Then:

The Federal Reserve banks being privates ( who owns them now, who is behind all those heavy curtains ? ), they have to be nationalized, one for each state of America, belonging to the people, not to the individual member banks.
The power to create money has to be removed from private banks by abolishing fractional reserves – the mechanism through which the banking system creates money out of thin air through credit at cost of interest. So the plan called for 100% reserves on checking accounts which simply meant banks would be warehousing and transferring the money and charging fees for their services.

If really those $ 700 billions have to be created, then distribute them as dividends without the cost of interests, to all families, as a social credit, foster family welfare, education and health, not wars and terrorism.

This will give a real solution and an example to the whole world. Change the corrupt system, stop “creation of money out of nothing as credits with interests” given to the bankers. They have abused of it, give it back to the citizens, locally, through the families.
Goldsborough bill of 1932, was described by an author as a “Social Credit bill” and “the closest near-miss monetary reform for the establishment of a real sound money system in the United States”:

ON USURY AND OTHER DISHONEST PROFIT

Vix Pervenit
Encyclical of Pope Benedict XIV 

Loi pour une démocratie économique La Lampe D’ALADIN Qu’est ce …

https://plus.google.com/117421548238726599207/posts/QSUNXir8shA

François de Siebenthal

22 mai 2016 – La Lampe D’ALADIN Qu’est ce que la démocratie économique? Beaucoup en parlent, mais de manière superficielle. La démocratie économique signifie que les …

What is economic democracy? Swiss project based on Goldsborough

BILL TO CORRECT MONEY CREATION IN USA IS PASSED BY HOUSE BY 289 VOTES TO 60; Goldsborough Measure Directs Reserve Board to Control Credit and Currency. 

This is an impressive document.  It articulates policy without specifying details.  It articulates:

1.       A sound rationale in its preamble for its authority to do so and concise reasons why it is needed – i.e. the precise cause of the gap.

2.       A restatement of Douglas’s principle that the purpose of production is consumption and that the best system is the one that gets goods into the hands of consumers as, when and if needed at the lowest possible cost.

3.       The basic framework for government administration departments is given;  Federal Credit Commission (FCC) and issue of debt-free money under the Treasury.

4.       Defines the just price mechanism by which the compensated price discount shall be calculated.

5.       The mandate to ensure no more credit is issued than can be supported by social credit – i.e. national productivity.

6.       A provision is made for dividends under the guidance of the FCC so that it can be properly factored with the compensated price (CP) in order to meet the policy objective of not causing inflation.

7.       Discount only applicable to consumers.

… more, see below…Sincerely, Dean

Positive money in Switzerland , Vollgeld , monnaie-pleine ?

A BILL 

To provide a national monetary policy which will have a definite relation­ship to the requirements of domestic industry and trade under the condi­tions imposed by our power economy, which will enable the maximum production and consumption of needed and wanted goods and services to take place within the limits of domestic productive capacity, which will ensure the maximum delivery of needed and wanted goods and services to indi­viduals, and for other purposes. 

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, 

TITLE I – COMPENSATED RETAIL PRICES 

Declaration of Policy 

SECTION 1. Whereas it is the Constitutional prerogative of Congress to create money and regulate the value thereof, and whereas book entries represent­ing bank liabilities to their depositors, loan customers, or other owners or holders of such accounts have the force and fulfill all the functions of money and are hereby declared to be money, and whereas the value of money is its purchasing power over goods and services and all other forms of prop­erty or property rights or evidence of ownership of such rights and property, and whereas the purchasing power of money varies inversely with the price of such goods, services, property and property rights, and whereas under existing law regarding the creation of bank deposit liabilities and under existing law and custom with regard to private ownership, contract and in­debtedness the total sum of prices for goods and services produced tends to outrun the total amount of money available to buy them except at a financial loss to the producers of such goods and services, it is hereby declared to be the policy of Congress to adjust and control the volume of money so as to keep it equal at all times to the total sum of prices for goods and services on sale plus the total sum of the properly accounted unliquidated costs of goods and services in process of production in order to facilitate the maxi~ mum delivery of goods and services to the people of the United States in conformity with their desires and with the productive capacity of the national economy. 

SECTION 2. In pursuance of such policy national currency notes are to be issued for financing a discount on prices to consumers at retail, as herein­after provided.

SECTION 3. As used in this title— 

(a) The term “national currency notes” means United States currency legal tender in payment of all debts and taxes but not available to banks us

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part of their cash reserves against deposit liabilities except on a dollar-to-dollar ratio to an equivalent sum of their deposit liabilities.

(b) The term “retail discount” means a percentage figure, to be deter­mined by the Federal Credit Commission and published by the Secretary of the Treasury as hereinafter provided, which may be applied as a discount on the prices of goods and services offered by retailers to ultimate consumers.

(c) The term “compensated price” means the retail price of goods and services after the application of the retail discount. Sales of second hand goods will not be eligible for theretail discount.

(d) The term “retailer” means any seller of goods, including dwellings and services, to ultimate consumers who are natural persons, for their individual or family use and not for resale, and also includes service corporations insofar as they supply services at retail to the public for personal or family use. 

(e) The term “services” means passenger transportation, distribution to homes of gas and electricity for domestic purposes, rental of homes, hospi­talization, medical care,education, theatrical entertainment, and any other professional or non–professional services that may be supplied by individuals, partnerships, or other organizations,provided that the prices charged for all such services are based upon accepted principles of cost accounting.

(f) The term “national credit” means the amount of national wealth against which money may safely be issued without resulting in inflationary price levels.

(g) The term “national credit account” means an account in the Treas­ury of the United States against which national currency notes may be issued for the purpose of giving effect to the provisions of this Act. 

Determination of Retail Discount 

SECTION 4. 

(a) Beginning ninety days after the passage of this Act, the retail dis­count for each quarter shall be determined by the Federal Credit Commission and proclaimed by theSecretary of the Treasury on the first day of each quarter or at such other times as the Federal Credit Commission shall recommend.

(b) Upon the passage of this Act and until the retail discount is deter­mined and proclaimed as above provided, the retail discount shall be 20 per centum. Thereafter the retail discount shall be that percentage which the difference between the money value of national production and that of national consumption bears to that of national production.National produc­tion shall include all additions to existing values that may be produced in whatever category of production, and shall include imports, but shall not includewrite-ups of existing physical capital. National consumption shall include retail sales, but at the uncompensated retail price level, exports, and proper allowances for depreciation, waste, and obsolescence. In arriving at these figures only existing prices and price levels shall be used, in order that the production and consumption values expressed shall always be measured in terms of the existing dollar. 

(c) If national consumption as hereabove described shall at any time ex­ceed national production no retail discount shall be proclaimed. After each proclamation of thediscount the data used in the determination thereof shall be made a matter of public record.

(d) After the passage of this Act and in the event of any subsequent Act

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by which Congress should authorize that direct payments to individuals be made from the national credit account but not in settlement of retail dis­count vouchers, then all such payments shall be calculated by the Federal Credit Commission as an addition to national consumption during the period in which they are to be paid. 

(e) It shall be unlawful for any member or employee of the Federal Credit Commission to disclose the retail discount or any information re­ceived or employed in connection with the determination of the retail dis­count before said discount shall have been proclaimed by the Secretary of the Treasury. Whoever violates any provision of thissubsection shall be dis­missed from such membership or employment and shall be punished, upon conviction of such violation, by a fine of not more than $1,000 or imprison­ment for not more than one year, or both. 

Application of Retail Discount 

SECTION 5. After the passage of this Act the retail discount shall be app­licable to purchases of goods and services from retailers as defined in this Act, made by consumers who are natural persons, for the personal use of the consumer or his family and not for resale, trade, or manufacture. The application of said retail discount in trade shall be evidenced by suitable vouchers or forms prescribed by the Secretary of the Treasury. Said vouch­ers shall be used in reimbursing the retailer for selling goods and services at the compensated price. The intent of this Act is to provide a continuous settlement through the banks to retailers for sales at the compensated price as provided in section 7 of this title.

Contracts and Regulations 

SECTION 6. 

(a) No retailer shall be entitled to compensation on sales at the discount unless he has applied to the Secretary of the Treasury for, and has received, a certificate of authority or license, and has agreed to conform to such regu­lations as to cost accounting and maximum rate of profit on turnover of sales as shall be determined by the Secretary of theTreasury after public hear­ings open to all interested parties. It shall be the duty of the Federal Credit Commission to be represented at such hearings, to defend the general inter­est of the consuming public, and to subordinate all questions of special interests to that of the national credit as defined in this title. Decisions of the Federal Credit Commission as to the national credit shall be final. 

(b) The Secretary of the Treasury may suspend or revoke any certificate of authority or license issued by him to any retailer, after reasonable notice and opportunity for hearing to the retailer, upon satisfactory evidence that the said retailer has not conformed to the regulations under which his cer­tificate or license has been issued. An order suspending or revoking the cer­tificate of license issued by the Secretary shall be final and conclusive unless within ninety days after its service the retailer appeals to the circuit court of appeals for the circuit in which he is doing business by filing with the clerk of said court a written petition praying that the order of the Secretary be set aside. Such order shall be stayed pending the disposition of appellate proceedings by the court. The clerk of the court in which such a petition is filed shall immediately cause a copythereof to be delivered to the Secretary and he shall forthwith prepare, certify, and file in the court a full and accu-

366 

rate transcript of the record in the proceedings held before him under this subsection, the charges, the evidence, and the order suspending or revoking the certificate or license. Upon the filing of the transcript the court shall have jurisdiction to affirm or set aside the order of the Secretary or to direct him to modify his order, and the findings ofthe Secretary as to the facts, if supported by the weight of evidence, shall be conclusive.

(c) Whoever falsifies any account relating to the issuance of the dis­count at retail, or the goods pertaining thereto, shall be guilty of a misde­meanor. Whoever by collusion falsifies accounts arising in the costs of pro­duction and distribution to the retailers shall be guilty of conspiracy to defraud. Whoever violates any provision of this subsectionshall be punished, upon conviction thereof, by a fine of not more than $1,000 or imprisonment for not more than one year, or both.

Compensation of Retailers Through Banks 

SECTION 7. 

(a) In order to compensate retailers for their disbursal of the retail discount, all banks in the United States, its Territories, and possessions, en­gaged in interstate commerce, are hereby authorized and directed to accept all vouchers evidencing disbursal of the retail discount and included in the regular deposits of their customers who hold licensesto disburse the dis­count, and to honor such vouchers as if they were cash deposits, in the amount of the disbursals evidenced thereby.

(b) Banks entering credits to depositors on account of retail–discount vouchers shall charge them to their national currency notes account, and the Secretary of the Treasury,or his agent, shall deliver to said banks, on re­quest, national currency notes to a face value equivalent to the amount of the retail vouchers entered in the books of the bank. Thebanks shall be entitled to make a reasonable service charge to such depositors for the services rendered. The amount of such charge shall be fixed by the Federal CreditCommission.  

(c) Retailers‘ deposit accounts written up by the method herein pro­vided shall be treated by all banks as part of their circulating deposits just as if the write-up had occurred through the discounting of their customers’ own notes, and the checks drawn against them shall circulate in the usual manner.

(d) Any person who makes a false entry on a retail discount voucher, or who presents a false retail discount voucher to a bank for deposit, or any retailer who manipulates hissales totals in obtaining settlement of the com­pensated prices shall be punished, upon conviction thereof by a court of competent jurisdiction, by a fine of not more than $10,000 or by imprison­ment for not more than two years, or both, and in addition his license to dispense the discount shall be revoked.

TITLE II – FEDERAL CREDIT COMMISSION 

Organization of Commission 

SECTION 201.

(a) To carry out the purposes of this Act there is hereby created a Fed­eral Credit Commission (referred to in this title as the “Commission“). The Commission shall be composed of seven Commissioners who shall be ap­pointed by the President by and with the advice and consent of the Senate.

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No person shall be eligible for appointment as Commissioner unless he is a citizen of the United States and in the judgment of the President qualified to develop expert knowledge of economic, industrial, and statistical problems and to perform efficiently the duties required by this Act. Not more than four of the Commissioners shall be members of the same political party. Terms of office of the Commissioners shall expire, as designated by the President, one at the end of each of the first seven years after the pas­sage of this Act. The term of office of a successor shall expire seven years from the date of the expiration of the term for which his predecessor was appointed, except that any Commissioner appointed to fill a vacancy occur­ring prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder ofsuch term. Commissioners shall be eligible for reappointment and shall receive a retiring pension of $2,000 per annum for each year of service, but not in excess of $14,000 per annum. 

(b) The Commissioners shall be ex–officio members of the Federal Reserve Board.

(c) The President shall annually designate one of the Commissioners to act as Chairman of the Commission. Each Commissioner shall receive a salary of $20,000 per year. NoCommissioner shall engage in any other busi­ness, vocation, or employment than that of serving as Commissioner.

(d) The Commission shall have authority to employ and to fix the com­pensation of such special experts, examiners, statisticians, clerks, and other employees as it may from time to time find necessary for the proper per­formance of its duties. 

Duties of the Commission 

SECTION 202.

(a) There is hereby created an account in the Treasury of the United States to be known as the national credit account. This account shall be credited from time to time at thedirection of the Commission with the dif­ference between the dollar value of the national production and that of the national consumption, as determined by the Commission,when the value of the national production is greater than that of the national consumption. At the end of each period the amount in the national credit account which shall not have been drawn upon in that period shall be written off. If before the end of any period the national credit account shall have been entirely drawn down, while retail sales andbank acceptances of retail sales vouchers are continuing at the authorized retail discount, the Commission may at its dis­cretion empower the Secretary of the Treasury tocontinue to issue national currency notes upon the demand of the banks until further notice from the Commission and such additional currency will not be a charge upon thenational credit account in any future period. The Commission may also re­duce or suspend the retail discount before the expiration of any period in accordance with later figures for national production and consumption which may be in its possession.

(b) The Commission shall use all reasonable ways and means to determine the retail discount as accurately as possible strictly in accordance with‘ the methods prescribed insection 4 of title I of this Act and without any extraneous influence or advice. The decisions of the Commission as to the retail discount shall be final. 

(c) The Commission shall establish and maintain a statistical bureau to 

68 

collect and coordinate the data necessary for carrying out the provisions of this Act and shall be guided in its decisions by the facts disclosed. All statistical departments of theFederal Government shall furnish such aid and information as may be required by the Commission. The Commission shall have authority to call for data and statistics from alleconomic organizations, trade associations, and private business which may be required in the judg­ment of the Commission for carrying out the purposes of this Act. 

(d) It shall be the duty of the Commission to fix the service charge for handling of retail discount vouchers by the banks for their customers as prescribed in this Act. 

(e) It shall also be the duty of the Commission to hold hearings upon and to give publicity to the earnings of wholesalers, manufacturers, prime producers, and commodity speculators, and to recommend to Congress remedial legislation or special tax measures with respect to such earnings if in the judgment of the Commission they are derived from an unnecessary rise in factory, raw material, or wholesale prices which by unduly raising the dollar value of the national credit account would cause it to contribute to an artificially sustained inflation and unfair distribution of the total na­tional income to the disadvantage of any class or section. 

Interference with Functions of the Commission

SECTION 203. (a) It shall be unlawful for any person – 

(1) To prevent, or attempt to prevent, by force, intimidation, threat, promise, or in any other manner, any member or employee of the Commis­sion from exercising thefunctions imposed upon the Commission;

(2) To induce, or attempt to induce, by like means, any such member or employee to make any decisions or order, or to take any action with respect to any matter within the authority of the Commission; or 

(3) To induce, or attempt to induce, by like means, any such member or employee to disclose any information whatever except through the channels provided in this Act. 

(b) Whoever violates any provision of this section shall be punished, upon conviction of such violation, by a fine of not more than $1,000 or im­prisonment for not more than one year, or both. 

TITLE III – GENERAL PROVISIONS 

SECTION 301. Any person who violates any of the provisions of this Act shall, in cases where no other punishment is expressly provided in this Act, be punished, upon conviction thereof, by a fine of not more than $1,000 or im­prisonment for one year, or both. 

SECTION 302. The Secretary of the Treasury is authorized to make such rules and regulations as he may deem necessary to carry out the provisions of this Act. 

SECTION 303. There are hereby authorized to be appropriated annually such sums as may be necessary to carry out the provisions of this Act. 

SECTION 304. All laws and parts of laws inconsistent or in conflict with the provisions of this Act are hereby repealed to the extent of such inconsistency or conflict. 

SECTION 305. If any provision of this Act, or the application thereof to any person or circumstance, is held invalid, the remainder of the Act, and the

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application of such provision to other persons or circumstances, shall not be affected thereby. 

 *     *     *

Let one further word be added on the question of the automatic cancella­tion of consumer credits. H. L. Northridge, a Social Credit technician, writes: 

If the [A + B] theorem is true at all, it is true continuously. So long as the present system of industrial accounting is maintained (and Social Credit, at least, does not proposeto alter it), so long will it be impos­sible to recover in full each cycle of production credit. It will therefore not be sufficient to liquidate industry’s present debt by an issue of con­sumer credit; every future production cycle will require a fresh issue of consumer credit if the production credit initiating it is to be recovered in full. In other words, every future production cycle will produce an increment of debt, i.e., “cancellation power,” and it is this continuous stream of cancellation power that is the justification for a continuous stream of consumer credit and the guarantee for its cancellation . . .  The question of special machinery for retiring consumer credits does not arise at all, if their issue is properly related to the ascertained defi­ciency of purchasing power.

As the matter has sometimes been put, when consumer credits meet pro­ducer debts, it is like a positive charge of electricity meeting a negative charge. The two forces neutralize each other and vanish. 

…

In this chapter “motivated economy” was defined only in terms of con­sumer motivation, but it means producer motivation as well. The following excerpt from the prospectus of the American Social Credit Movement, 1133 Broadway, New York, 10, N. Y., includes both types of motivation: 

The object of Social Credit is the creation of a new democracy.

Social Credit will bring about economic democracy so that the promise of political democracy which inspired our forefathers can be fulfilled.

What is economic democracy? Many talk about it in a superficial way. Social Credit gives a clear fundamental answer. Economic democracy means that the individuals in society are gaining increased individual control over their material environment. Specifically it means that the individual is (1) able to command by increased purchasing power a greater amount of personal consumption-goods, and (2) able to exer­cise a greater choice in the productive occupations he wishes to enter. The tests of economic democracy are a rising standard of living for all and expanding opportunity for productive activity either in employ­ment or in leisure. The theory of democracy is that society is organized for the welfare of the individual. Social Credit is ultra-democratic and individualistic. Its goal is not the Regimented Work-State (cf. Russia, Germany, Italy) but the Leisured Society.

Douglas’s second principle for financial redesign, “that the credits re­quired to finance production shall be supplied, not from savings, but be new credits relating to new production,” does not say that these new producer­ credits should be created by the State. They could be, but they could just as well be bank credits as now. That would not matter, since the application of Douglas’s first principle of cash credits of the population being collec­tively equal to collective cash prices for consumable goods would neutralize the bad effects of the working of the A + B Theorem. His second principle is intended to obviate money shortages arising from savings and investments in fresh production.

C. H. Douglas’s most important books are Economic Democracy, pub­lished by Cecil Palmer, London, in 1920, Credit-Power and Democracy, published in 1920 by Cecil Palmer, London, and The Monopoly of Credit, published by Chapman and Hall, London, in 1931. Credit-Power and Democracy includes a Draft Scheme for the British Mining Industry, one of Douglas’s very few blueprints of applied Social Credit. His first book, Eco­nomic Democracy, was published in America, too, hut has long been out of print. Another book of his, Social Credit, was brought out in a revised edi­tion in America (W. W. Norton, 1933) and carries as an appendix the Draft Scheme for Scotland. This last scheme inspired the drafting of a bill by the New Economics Group of New York which came to the attention of Congressman T. Alan Goldsborough, and with some modifications was in­troduced by him into Congress on August 23, 1935, the day Aberhart swept the Alberta elections. A two-day hearing of this bill occurred the following spring. In 1937, after making further modifications, Congressman Golds­borough reintroduced his bill, and this time there were protracted hearings at which testimony was given by Major L. L. B. Angas, James H. R. Crom­well, Professor Walter E. Spahr, and a number of others, the Social Credit point of view being presented by myself. Under the title of Monetary Policy of Plenty Instead of Scarcity: Hearings before the Committee on Banking and Currency, House of Representatives, Seventy-fifth Congress, on H.R. 7188, the testimony running to 611 pages was published by the United States Government Printing Office, Washington, D. C.

From a Social Credit point of view, the Goldsborough bill was loosely drawn in several places; it was revised by the Technical Studies Depart­ment of the American Social Credit Movement, and the text they circulated

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among their members is reprinted below. This draft does not make provision for a specific issue of National Dividends, but sub-section (d) of Section 4, Title 1, anticipates subsequent Congressional action for National Dividends. A careful study of this bill will supply the answers to many questions relating to details of administration that no doubt sprang to the reader’s mind after his first perusal of the Douglas blueprint for a producer-and-consumer motivated economy….

http://desiebenthal.blogspot.ch/2015/12/swiss-positive-money-social-credit.html

https://drive.google.com/file/d/0B-p0lmjLtiXzclZ1TUhyWDFTaWQxVXJybThzam1MZWEyMDVB/view

FAIR USE CLAIMED FOR NON-COMMERCIAL AND STUDY PURPOSES ONLY

Excerpts from Gorham Munson, Aladdin’s Lamp:  The Wealth of the American People (New York:  Creative Age Press, 1945) 

THE AUTHOR’S WORKSHOP

This is an impressive document.  It articulates policy without specifying details.  It articulates:

1.       A sound rationale in its preamble for its authority to do so and concise reasons why it is needed – i.e. the precise cause of the gap.

2.       A restatement of Douglas’s principle that the purpose of production is consumption and that the best system is the one that gets goods into the hands of consumers as, when and if needed at the lowest possible cost.

3.       The basic framework for government administration departments is given;  Federal Credit Commission (FCC) and issue of debt-free money under the Treasury.

4.       Defines the just price mechanism by which the compensated price discount shall be calculated.

5.       The mandate to ensure no more credit is issued than can be supported by social credit – i.e. national productivity.

6.       A provision is made for dividends under the guidance of the FCC so that it can be properly factored with the compensated price (CP) in order to meet the policy objective of not causing inflation.

7.       Discount only applicable to consumers.

My only concern is that the CP is mandated to be via vouchers.  With our modern debit and credit card systems, it would be far better to just let retailers set their price and for consumers to have their accounts directly credited with the CP – as long as the issuing financial institution  (FI) is a domestic bank.  This will take businesses out of the equation for all electronic funds transactions. For payments by cash or cheque, the sales receipt can be presented to bank tellers for “deposit” and banks can use them to obtain credits from the FCC or the Treasury.  Upon further consideration, a voucher as envisioned by this act might be the best policy.

In order for FCC to properly compute the just price, it needs to know from each business:

1.       the exact level of retail consumer sales for the fiscal period

2.       the exact amount it spent on wages, earnings and dividends – it’s A costs

3.       the exact amount it spent on all other costs of sale – its B costs.

This must be reported by all businesses.  It is not much different than what is already done today.  All the requisite information is already tabulated for the purpose of computing business profit and subsequent tax liabilities.  It will be a simple matter to deduce these three numbers.  Appropriate punishments for non-compliance are warranted.

One thing I feel strongly against is section 201, Title 2 (b) where commissioners are ex-officio Federal Reserve Board.  Absolutely not!  We want people with demonstrated expertise in Social Credit economics.

I am not at all certain about the merits of section 202 (a).  It seems like flawed reasoning and not is step with the just price mechanism as I understand it – particularly the part about writing off the national credit.  If there is a shortage or surplus, it will not just go away.  It needs to be deliberately dealt with by way of adjusting the dividend and/or CP.  This sounds like a scenario where politicians tried to legislate a solution out of their depth. 

I don’t believe the penalties under section 203 are evenly remotely stiff enough.  These are essentially acts of treason that serve to undermine the very stability of our society.  Ditto for acts of malfeasance by FCC employees and/or third parties.

The R. L. Northridge quote on page 269 is particularly apropos and should be incorporated in the legislature preamble as the concrete justification for all of this in the first place; particularly the notion that it must be continuously be replenished and is not a one-time dispensation.

In general, I like how concise this is but again, I encourage everyone to consider all of the aspects raised in the specific recommendations of Liam Allone’s Economic Cures book.  It incorporates other important aspects not envisioned by this legislation – such as import/export and trade, incorporation of Jury as a fourth pillar of power that will trump the executive, legislative and judicial branches as the final recourse for We the People.  The rogue behavior of the present out-of-control three branches of governments everywhere are more than adequate justification for such a measure that needs to be enshrined in law.  A stable chair stands on four legs – not three.  Here is an excerpt from that book FYI.  Let me preface it with one remark.  It calls for eliminating the banks’ ability to issue money.  I back away from that stand because the simple truth is that interest is just profit.  That is not to say that I think any aspect of this proposal is unworkable.  Rather, I just think such a constraint is unnecessary.  What is necessary is that the gap be filled – period, end of story. 

The hyperlinks in the following web page clearly distinguish the original constitution, the revisions since its inception and the proposed revisions.  The original text that has been modified by proposed revisions are clearly cross-linked with the amendment – as are the actual amendments that have also been modified.

The cornerstones of this are:

1.       The law of love – do unto others…

2.       Jury enshrined as the supreme pillar of government.

Sincerely,

Dean

http://www.economiccures.com/Constitution/

Here are some possible sources:

http://www.amazon.com/Aladdins-lamp-wealth-American-people/dp/B0007E2GPQ

http://www.abebooks.com/Aladdins-Lamp-Wealth-American-People-Gorham/6206094096/bd

http://www.jstor.org/stable/1068914?seq=1#page_scan_tab_contents

https://books.google.ca/books?id=QjetCc6ktOgC&pg=PA204&lpg=PA204&dq=Gorham+Munson+-+Aladdin’s+Lamp:++The+Wealth+of+the+American+People&source=bl&ots=oJ5GybQCEc&sig=z5Tzf_wiyp877vSCuBH-W5PebGs&hl=en&sa=X&ved=0ahUKEwip58q-hpHKAhVH0mMKHXlvCKAQ6AEIKDAD#v=onepage&q=Gorham%20Munson%20-%20Aladdin’s%20Lamp%3A%20%20The%20Wealth%20of%20the%20American%20People&f=false

https://books.google.ca/books/about/Aladdin_s_Lamp.html?id=6DTQAAAAMAAJ&redir_esc=y

http://www.worldcat.org/title/aladdins-lamp-the-wealth-of-the-american-people/oclc/573359296/editions?referer=di&editionsView=true