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"The private sector has failed. The public sector is expected to rescue them and it will. Therefore the public sector should control the money system to benefit the country".
Why No Immediate Wall Street Bailout Will Work
In order for the bail out to work, it needs to restore confidence among the public, not just Wall Street gamblers. Confidence cannot be restored by rushing Congress into bailing out the very same people who wrecked our money and banking system. The public understands this and sees the $700 billion grab as adding insult to injury.
The only way to restore confidence is if the Congress carefully deliberates how to solve the crisis, in the American interest. The people will see and understand that Congress is doing its job, and our country can then start rebuilding it’s money system.
[more specifics follow at www.monetary.org...
Monetary Reform of the Federal Reserve System.
At the heart of the problem is that our money system has been privatized. Naturally it’s been run for the benefit of the “privates” in control, with minimal concern for the public interest.
Legislation called The American Monetary Act has been in preparation for years. It’s based on well known monetary principles and actual experience from our own, and other countries monetary history. (see the act at www.monetary.org...
It removes the banking systems privilege to create money, placing that firmly within government, and it establishes areas for governmentally created money to be introduced into the economy for infrastructure, including the human infrastructure of health care and education.
The Act incorporates the Federal Reserve System into the U.S. Treasury.
Should the situation deteriorate markedly now, the American Monetary Act could be put into effect immediately with the reliable understanding that it would be a definite and major improvement over the current system.
Our money system would then shift away from credit and debt, to real money.
go out of existence, it is much more stable.
One difference between money and credit is that during uncertain times, credit evaporates, but money does not
A big part of the current problem is that while we have had loads of bank credit circulating, there has been very little “real money” issued by government in circulation mainly our coins and bills. The credit is evaporating along with housing valuations.
AMI has been ready and working on these provisions for years, while realizing that it unfortunately might require a crisis to bring real attention to it. We have the crisis now.
instead of borrowing it from banks.
Rather than borrowing the $ billions being demanded, and ending up paying back about 3 times the amount after interest charges, The US Government would issue money itself,
But while the banks issue credit that substitutes for money, the U.S. would issue actual money. Our Government has the power to create the money, in an account, or by simply printing it as “greenbacks.”
There would not be inflationary effects, because it was already believed that those moneys existed in the form of the real estate values and loans. In effect this would stop a deflation which will follow from writing down those assets and loans to their present market values.
Conditions in the act assure that the banking system could not use those government created dollars for further credit creation, as that would be inflationary. The US Treasury would help direct the money into the real economy, not speculation.
Warmest regards and ready to help, Stephen Zarlenga, Director, American Monetary Institute
note: I have an extensive investigation into the national and international ongoing mortgage fraud that the U.S. state court has already thrown out some foreclosures and RULED AGAINST THE BANKS, including Deutsche Bank --THAT THE MORTGAGES ARE FRAUD -- the sales of these fraudulent mortgages up to 7 trillion dollars is what the current "bailout" crises is seeking to cover-up ... and, it's (almost) working, it's (almost) covering-it up (also after reading this post scroll back a few and read them and scroll ahead: www.abovetopsecret.com...
even if the Judge may be aware that no contract exists to back up the foreclosure,Therefore those concerned must always ensure that a motion challenging the foreclosure and requesting the contract MUST be lodged prior to the hearing.
UNLESS THE REQUEST FOR THE CONTRACT IS MADE, the foreclosure will be granted.
The crucial point here is that when the person being foreclosed upon requests the contract when challenging the foreclosure in court, he or she will be able thereby to demonstrate to the court that the bank cannot provide any such document.
no loan can be foreclosed upon without a contract to back it up; and no contract exists in these cases
the representative of the bank does NOT append his signature in a mode or manner that creates a contract between the borrower and the bank
When the borrower signs the documentation, what he or she is doing is creating a new negotiable piece of paper which, provided the bank or another party accepts it as such, can be converted into a LOAN. But it is a loan to the bank, not to the borrower
an Ohio Federal Court has already insisted that no contracts underlay mortgage transactions associated recently with attempted foreclosures by Deutsche Bank
rampant fraud on every Court in America, or nonjudicial foreclosure fraud where the 'securitized' trusts are filing foreclosures when they never own/hold the mortgage loan at the commencement of the foreclosure’.