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BRUSSELS - Finance ministers from the 16 countries that use the euro agreed Sunday on a joint rescue plan for Greece with the International Monetary Fund that will loan the struggling country euro 110 billion ($146 billion) in loans over three years. The loan package is aimed at keeping heavily indebted Greece from defaulting and spreading its financial crisis to other countries in Europe with shaky finances such as Portugal and Spain.
Originally posted by lpowell0627
Although I can see being happy about reaching a deal, the deal itself just passes around more debt. Just as our own $800B stimulost package has been found to have not helped the economy or jobs, this will simply push back the inevitable.
Pre-paid is very simple. The entire economy is pre-paid. Look at it this way: We have a car sitting on a dealer’s lot. You walk up to buy the car. Does the dealer ever tell you "I am glad you are going to buy this car because we have to find out how we are going to pay for this car to be built." No is the answer you would get, but that is exactly what they are doing when you go to the bank to get a loan. When do they ever build something and then talk about how they are going to finance it to be built. The product was paid for when the contract was put in place to collect the industrial recourses through the Army Corp of Engineers, EPA, DOT, and OSHA in Flint, Michigan to build it. Even more precisely, the item was paid for when the census did a per-capita poll to identify how much money those agencies should put into the economy based on our productivity, (unfortunately take a quick look at Marxism and Keynesian Economics to make a connection with your worth and your previous status). Now everybody with a head (per capita) raise your hand. Good they loaned against you to finance the operation, that is the "Principal Account." Making the item pre-paid for the acceptor. This is another reason why you are the principal. The principal reason you are Pre-Paid is because Christ's acceptance of the sins in the Garden of Gethsemane and His death on the cross, created the Pre-Payment of all your liabilities both temporal and spiritual because they are inseparable because I wasn't here two thousand years ago but My sins were pre-paid on the condition that I accept the Redeemer. You are the source of economic production being the principal and your interest accruing from you i.e. a per-capita census statistics was pledged as the collateral to be the sponsor of the monetary systems' credit. That is why when interest that accrues from the principal gets returned (tax returned) to the principal, there is a decrease in tax liability (a deduction). The vendor is paying his taxes to you. That is why it is a tax matter. Tax is just a return of the interest to the principal.
The Promissory Note To Pay Our Debts
HJR-192 of June 5, 1933 is the promissory note (the promise of Abraham) the government issued to balance the exchange to credit the people. The Promissory note is on the debit side of the United States Governments ledger, which was a debited from their credit, created by the Executive Order of April 5, 1933 when they took the gold out of circulation. Public Policy is rooted in HJR-192 and is Grace that creates our exemption. This is your temporal saving grace. Under grace, the law falls away to create a more perfect contract. Public Policy removed the people's liability to make all payments by making a contract null if it required the payment to be in substance, because the people didn't have any money to pay with. All that must be done now is to discharge the liability. Pay and discharge are similar words but the principles are as different as Old and New Testaments. The word "pay" is equated with gold and silver, or something of substance like a first-born lamb, which requires tangible work to be invested in it to remove the liability because an execution must occur. The word "Discharge" is equated with paper, or even more basic, simple credits and debits, that exist on paper only, like the slate held by the agents/angels of heaven that get swiped clean. You cannot pay a bill with a bill and you cannot pay a debt with a debt. What HJR-192 did was, remove the liability of an obligor (someone obligated to pay a debt) by making it against Public Policy to pay debts. All that needs to be done now is discharge the debit with an appropriate credit "dollar for dollar." Debt must be discharged dollar for dollar in the same sense, as sin was discharged on the Cross. The moment a debt exists, it must be written off. The catch is, we can't write off the debt because we are not in possession of the account in deficit; our fiduciary agent is in possession of the account so we must provide him with the tax return (by the return of the original offer) so the fiduciary can discharge the liability through their internal revenue service (the bookkeeper). Most feel that when the money was taken out of society, the people became the slaves, this is not true, the people were freed from every obligation that society could create thus freeing the people from any obligation which they may incur simply because we cannot pay a debt. Ask yourself the question, What are you charging me with? And how do you expect Me to pay? Simply said, there is no money, plain and simple for me to make the payment with and on top of that, if I were to pay, who is paying Me to pay that guy and who's paying that guy and so on... Public Policy is the supercedious bond because it limits our liability to pay. It is the more perfect contract because it operates on grace to pay our debts after we have done all that we can. We go as far as we can to fulfill the obligation (acceptance and tax return) and after we have done all we can, mercy and grace kick in being our exemption to make the payment. Grace creates our exemption in the industrial society so long as we accept the charge.
Originally posted by anon72
reply to post by Sinter Klaas
That's what I am wondering. What are the mechanisms to get teh money back if Greece defaults? Who is left holdng the bag?
What is the collateral being put up-from Greece? Is there any being put up by Greece?
Originally posted by Misoir
They did not need such a harsh austerity package that crippled the working class. It was the rich who pillaged their country just like they are pillaging every other country then evading taxation.
What Greece should have done is raise the income taxes on those who make over $1,000,000 to 65%, imposed a sales tax of 25%, a corporate tax of 50% and a payroll tax of 10%. Then cut spending by 20%.