Steve Merrill
United States of America

The Federal Reserve Act violates the constitution and has established a European economic model that amounts to nothing less than taxation without representation.

Money should be created without interest, debt, or usury attached.

If interest in not charged for the mere creation of money, then there is no need for Federal income taxes

Stop disbursing newly created money to banks. Put purchasing power back into the hands of the People by equally [one amount for those under 18, another amount for those over 18] disbursing newly created money directly to United States citizens... Make banks compete to use our money, not the other way around.

Establish and enforce Net Worth Limits to prevent resource hoarding and limit greed.

Read the full text of "The Billionaire War" at: http://www.unlds.org/billionairewar.pdf

Our new Manifest Destiny: to bring economic power to the People throughout the world!

It may not be fair to compare ourselves to slaves, but, in 1913, every American became subject to a system of tyranny, fascism, and corruption that in many ways is more heinous than the whips and chains slaves faced in 1860.

Issuing and purchasing power of “our” money has been placed in the hands of banks, and they are using systematic inflation, deflation, and interest to deprive us of our property... right before our very eyes!

Returning issuing and purchasing power to the People, will cause corporations, banks, and politicians to compete for the opportunity to provide services to the People instead of the other way around. And, the pilfering of billions in interest or usury, known as our national debt, will come to an abrupt end.

Changing our banking and monetary system to a Constitutional model IS the single largest thing we can do as a nation to restore Peace and Freedom throughout the world.

The Four Step Plan

1. Repeal the Federal Reserve Act and create a new Federal Banking System wholly owned by the People of the United States of America. Money should be created without interest, debt, or usury attached.

2. End Federal and some state income taxes

3. Stop disbursing newly created money to banks. Put purchasing power back into the hands of the People by equally [one amount for those under 18, another amount for those over 18] disbursing newly created money directly to United States citizens.

4. Establish and enforce Net Worth Limits

Taxation without representation is cited as the root cause of the Revolutionary War. More specifically, the American Patriots wanted to stop paying interest to the crown of England for the mere use of money. The Founding Fathers, most notably Thomas Jefferson, John Adams, James Madison, and Benjamin Franklin wanted a monetary system that had no interest, debt, or usury pre-attached. And, the primary reason they rejected the idea of a Federal or central bank, was that they understood how the European bank models operated. They knew those banks were the CAUSE of impoverishment and bankruptcy of untold millions of people… even then.

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Written by Thomas Jefferson in a letter to the Secretary of the Treasury Albert Gallatin (1802)

“You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need. Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that which circulates, all bears the endless burden of unpayable debt and usury.” From Benjamin Franklin’s Autobiography

Early in American history, groundwork for a Constitutional bank model was written, and for a time gold and silver certificates were issued, but a model that follows the Constitution, a system that does not attach debt to money before it is even created, never was, and never has, been fully implemented in the United States of America. Alexander Hamilton, in the late 1700’s did institute a national bank, but it was quickly dismantled as it followed the European model.

Local and State banks proliferated from the 1800’s until 1913. Exchange rates and acceptability of various currency often made trading difficult, and bartering wasn’t easily taxable and strongly discouraged. During wartime, however, the Federal government did print currency, on a limited basis, to pay for war expenses.

“If that mischievous financial policy which had its origin in the North American Republic during the late war [the War of 1812] in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.” published in The London Times in 1865

“The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the purchasing power of consumers.
The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity.” from Lincoln’s Monetary Policy Senate Doc. 23

“I have two great enemies. The South in front of me and the banking institutions behind me. The bankers behind me are the greater foe.” Abraham Lincoln

“Right after the Civil War there was considerable talk about reviving Lincoln’s brief experiment with the Constitutional monetary system. Had not the European money-trust intervened, it would have no doubt become an established institution.” Cleon Skousen

Lincoln’s monetary system, of course, allowed the Federal Government to issue money, and gave purchasing power to consumers. The two differences, of course, between Lincoln’s monetary policy and this petition are; first, how newly created money is disbursed and, second, the introduction of net worth limits. Everything else is basically the same.

With Lincoln’s passing, however, so did his monetary system. And now, unbelievably, the Federal Reserve Act of 1913 has placed us once again under a European bank model.

In a nutshell, this is how it works. Whenever our Congress needs money, they write an order, an IOU, to the Federal Reserve Bank. The Federal Reserve Bank, a PRIVATE corporation, willingly prints the amount of money ordered by Congress. Then, they do something that you may not fully comprehend…

The Federal Reserve Bank, insists that the money is theirs, and quietly pilfers an interest rate. The interest charged is popularly known as our national debt. In reality, our “national debt” does not have anything to do with our nations expenses, it is only the interest that is charged to pay bankers for “creating” money… Extortion plain and simple!

The only way to end this extortion is to remove this power from the banks. Money is a resource that should belong to the People, so why do we disburse it to banks and then fight, claw, bend over backwards, and pay interest to banks just to be able to use it?

This is not “trickle up” economics. It is simply the only way to equally divide a resource that belongs to, and each of us has equal rights to, in the first place. It puts ownership and purchasing power back into the hands of the People where it properly belongs.

If money is disbursed to the People, and there is no interest, or usary, pre-attached to money, then there is absolutely no reason to collect income taxes to pay the interest rate that the Federal Reserve Bank charges just to create money.

There are two MAJOR problems with capitalism. The LOWER 5% and the UPPER 5% of the population.
Everyone is quite aware of problems associated with the lower 5%: poor health care, theft, property damage, starvation, etc. We currently address the lower 5% with with a form of communism that is our welfare system.

We have a tendency to ignore the upper 5% thinking they are not a problem; usually because they have enough money to convince a few people that they aren’t. However, the upper 5% cause even greater problems than the lower 5%: preemptive wars (which usually involves deaths of those of a lower financial status), unnecessary proliferation of impoverishment, illegitimate control of markets or monopolization, extortion, fraud, racketeering, etc. It is not surprising that most of those responsible, as you can easily guess, are bankers and politicians.

With the inception of money, the concept of unlimited personal wealth has been a widely accepted, at times exalted, principle of civilization. No one in their right mind wants to give up their opportunity to attain untold riches. Blinded by speculation and greed, in spite of valiant efforts and warnings, we have been duped back into a continuation of Old World fiefdoms and kingdoms which our Forefathers so valiantly fought to dismiss.

In spite of our desire for untold riches, we are all aware of the dangers of monopolies. Very few of us would agree to go back to the days before the anti-trust (anti-monopoly) laws came into effect. Hopefully, it’s not too difficult to recognize that there are still those who obviously circumvent anti-trust laws and still manage to become extravagantly wealthy. Protecting ourselves against people who hoard money, in such a manner that allows them to control markets, is what the anti-trust laws were supposed to accomplish. Net worth limits is simply another needed step in anti-trust law.

Our natural resources belong to all of us. What gives any one person the right to own or control all of a natural resource? Our oil and coal reserves are prime examples. Just because one person finds an oil well or coal mine, shouldn’t allow them the right to monopolize the entire resource.

No one thinks that any one person has the right to control all of the water, even if they could afford to buy all of it, so why do we allow only one person to profit from all of the oil, coal, and other similar resources?

And if no one has the right to use all of the water, oil, or coal what gives anyone the right to profit from all of anything?

And, if we don’t have have the right to monopolize anything, then how do we limit people who do?

The only way to limit the amount of resources a person uses is to create a net worth limit. Not only does this limit resource consumption and hoarding, it levels the playing field and allows everyone an opportunity to make use of those resources that belong to all of us.

Sure, I’ve heard the “sour grapes” accusations about not being the one who’s rich. But, in the final analysis, resource hoarding is more wrong than drug abuse, rape, domestic violence, and cruelty to animals combined. Even if it means you starve or freeze to death and die, a person who hoards will have more than you. And, of course, there are those who will outright kill for the “right” to hoard. Some are common street thugs we recognize easily, some are bankers or politicians who CAUSE wars and may not be so obvious.

In spite of the proud ambitions of our Founding Fathers, time has proven that there are those among us who will not self limit their net worth.

There are those among us who are not sharing resources fairly on their own. We have allowed ourselves to be placed under a social system that causes us to fight with each other for our mere survival, and the proliferation of lawyers throughout this country is a testament that this is true.

“All the ingredients for ending poverty of a person always comes neatly packaged with the person himself. A human being is born in this world fully equipped not only to take care of himself (which all other life-forms can do too), but also to contribute in enlarging the well-being of the world as a whole. Poverty is not created by the poor people. So we shouldn’t give them an accusing look. They are the victims. Poverty has been created by the economic and social system that we have designed for the world. It is the institutions that we have built, and feel so proud of, which created poverty. It is the concepts we developed to understand the reality around us, made us see things wrongly! It is the failure at the top - rather than lack of capability at the bottom - which is the root cause of poverty. Concepts, institutions, and analytical frame conditions which created poverty, cannot end poverty. If we can intelligently re-work the frame conditions, poverty will be gone, never to come back again... Try to imagine how the economists would have built their theory if they had started out with an axiom that all men and women are created equal, that each of them is endowed with unlimited creativity, and each of them is a potential entrepreneur. In some important ways our designing of the theoretical framework of economics or the misrepresentation of it is responsible for perpetuating poverty.” Commonwealth Lecture 2003 by Professor M.Yunus, Creator of Grameen Bank, Nobel Peace Prize winner 2006

Greed and fear of scarcity is a foul recipe for failure. So, why are we allowing ourselves to be manipulated this way? The fact is we shouldn’t. So, what should we do? How can we make sure that the second $100 THOUSAND, the interest that doesn’t get created when the loan is made, gets created? We shouldn’t have to cannibalize or sabotage one another to survive.

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The Billionaire War: bring economic power to the People throughout the world petition to Steve Merrill was written by Steve Merrill and is in the category Government at GoPetition.