Friday, June 24, 2016

Monetary history

Treasury Bonds were invented in the 1860's for the purpose of placing America into debt. The inventors of T-bonds were bankers in England who designed the system to force the "slaves to feed and house themselves, without them realizing they were slaves". (I can't find those letters on the internet any more; I read them ~10 years ago.)

1907 Bank Panic
1908 Titanic commissioned
1912 Titanic sank (by-passing immigration)
1913 Income Tax Amendment
1913 Seventeenth Amendment - Popular Election of Senators
1913 Federal Reserve Act
1914 WW I

A permanent segregation was built into the legislation: bond-payers and bond-owners.

Debt is a means to an end.  It keeps the population working while title to land and businesses is transferred among the bond-owners.

Monday, June 20, 2016

The blockchain defined in plain language

The blockchain is a list of Bitcoin transfers, synchronized on 6000+ computers.  Each Bitcoin transfer consists of an amount, time it was transferred, who it was from and to, and a description.

The blockchain is a half-ledger, because it doesn't show what was purchased.

Since the description is only 40 characters, most companies store a reference # on the blockchain referring to data stored on their own computers.

Wednesday, June 15, 2016

How to retire the national debt

1. Create a "Credit Assurance Bureau" at the US Treasury to take custody of the T-bonds (one bond at a time and at the owner's discretion).

2. As the US Treasury takes custody of the debt, a "Federal Credit Receipt" (FCR) is created to represent the obligation, verify ownership, and make sure it is free of all encumbrances (clear title).

3. Each State creates a "Credit Review Commission" to oversee the assets' distribution for the benefit of the local economy.

Example: Social Security Administration turns in a few of their T-bonds to the US Treasury and receives an FCR.  That FCR is redeemed for shares in a Texas Agricultural/Commodities Market in Amarillo.

I have presented it to both Texas Senators' Regional Directors here in Austin (John Cornyn and Ted Cruz).  They have forwarded the plan to DC.  This will bring up to $1 trillion to each State.  Texas could become the clearing house for the $200 trillion global debt market, as well.

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