Title: The Questions heard ‘round the net!

[Dr. F. A. Young, Esq.]

My Oscar winning Screen Play for 2010 – well, that’s what I call it :)
Title: The Questions heard ‘round the net! ©

Act I: The People’s Cyber Enquire - Inquiring Minds Want to Know

Questions are raised on the internet and spread like a viral epidemic –

Query: Who has the real power? The US Government or the American People, the banks or Wall Street - Investment Bankers and their minions?

The people begin demanding a bailout of themselves; and their cities, towns and villages; mayors are demanding the governors stop being ‘the gate keepers’ of Federal Funds and pass funding directly through to the city.

A White House whistle blower has revealed the Federal debt has our government on the verge of bankruptcy and China and Japan want to cash in their US holdings and the private owners of the Federal Reserve Bank want their pound of flesh! This news is causing panic on Wall Street – Blood in the streets! A run on the banks!

Scene I

(Homeland Security and the NSA secretly, without consulting the President, shut down all internet banking but tell the public the Chinese hacked the system. This government idiocy fuels panic and the unwanted run on the banks)

Oval Office: Presidential press conference discussed to calm the populace; after heated debate and against the advice of his advisers the President decides to go on TV- and Youtube

Scene II

ON AIR – Live… Ladies and Gentlemen the President of the United States:
President Obama begins talking straight and starts to present the double talking jargon-filled world of finance and economic life in plain old English.

He does this by informing the American People and clearly stating that the yearly deficit is the difference between what the government collects and what it spends. It is not some abstract accounting problem and financing the deficit costs. The government is required to pay interest on the debt.

The President reveals that the interest for 2008 alone was a monstrous $250 billion dollars. He forecasts the interests payments for 2009 and the next 3 years are colossal and the government will be in default. He asks the American People to email and tell him what they think he should do.

Scene III

Reality check: The overwhelming response from the American People is - do not pay any interest to the private owners of the FED debt and inform our foreign creditors that in the long run they will be paid.
Reality check: The President decides in a secret meeting with a group of true American Patriots and trusted friends that he will suspend the interest payments the government has to pay to the private owners of the Federal Reserve System debt and tell China and all other foreign creditors to chill!

Act II Inflation

Cash is King or is it?

Food prices escalate; wholesale suppliers and retailers refuse credit cards. Cash is king! Public transport grinds to a stand still; World markets collapse; World commodities brokers and exporters will only accept gold bullion!

Scene I

Millions march on Washington – they come from every level of society; people come from rural areas on mules and horse drawn wagons; tents are pitched on the Mall. The Pentagon and Homeland Security roll out the ‘best of the best’ from elite private security companies to surround and intimated the throngs of people. Main stream media has stayed away.
Riots start to break out and cell phones are streaming video to the net. The 'best of the best' open fire on a group of students – Murder – redrum is heard echoing through the masses.

Helicopters circle over head announcing the President is coming to address the people from the Lincoln Memorial. All of the elite private security police are ordered to pull back to their corporate headquarters immediately or the President will call out the US Marines to protect the demonstrators and arrest all elite security forces that disobey or resist this order. The U.S. Marines will have orders to shoot to kill!

Scene II Drama on the Mall

The President arrives on the Mall. Amazingly he is walking and is accompanied by his wife and children. Shouts from the people – clear the way let the President and his family through. The President leaves his family with the crowd and makes his way to the Lincoln Memorial.

The President delivers a powerful speech:
The American People are told the truth about the FED: The private Federal Reserve System notes make up 99.9% of US originated currency. When it’s issued, the government is indebted to the FED’s private owners for both the capital (which the FED created out of nothing) and ongoing interest which is paid from taxes on money which the FED created out of nothing!

The American People scream “This is highway robbery and nothing but a giant ponzi scam!!!
The President goes on and says: “To add insult to injury, the fat cat private owners of the Federal debt had demanded a taxpayers’ guarantee of the Federal Reserve Bank’s notes and the United States Treasurer had signed on the dotted line putting the taxpayer on the hook!!!

Scene III

The American People wake up to the Federal Reserve Note scam:

They learn that when the government gives a “promise to pay” to the privately owned Federal Reserve Bank, the Bank’s private owners meet and authorize the issuance to the government of a basket of “Federal Reserve Notes” which are merely the FED’s “promise to pay” note. You cannot redeem the FED’s notes at the FED by law and in any case, the FED and its private owners have nothing to give you, i.e. they created these Federal Reserve Notes known as the Federal Reserve dollars without any commodity backing them up (no gold or silver or copper or nickel). The bearer of the Federal Reserve Note has to find someone willing to take the FED notes in exchange for something the bearer wants. The FED notes are legal tender by the power of fraudulent legislation. Fear spreads – people ask what if China refuses to continue holding and buying our paper?

The crowd shouts: “What does legal tender really mean”? The President explains: If you owe someone $20 and you give him a $20 bill he is considered to have been paid, and if he refuses payment in this form you are absolved of the debt. By contrast, he does not have to accept your check drawn on a private bank, or even a certified check of a private bank. Money issued by a central bank (private or government) is sometimes called "Right of Purchase" money to distinguish it from "Promise to Pay" money created by private non-central banks.

Act III The Ghosts of The Past

Historians in the crowd shout and remind the American People of the words of CHARLES LINDBERGH (R. MN (1907-1917):

On December 22, 1913, the day before President Woodrow Wilson signed the Federal Reserve Act, in a speech before the House of Representatives, Charles A. Lindbergh, Sr., (R-MN) said:

"This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress... The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government."

On another occasion they recall he said: "Ever since the Civil War, Congress has allowed the Bankers to control financial legislation. The membership of the Finance Committee in the Senate (now the Banking and Currency Committee) and the Committee on Banking and Currency in the House have been made up chiefly of Bankers, their agents, and their attorneys. ...In this way the committees have been able to control legislation in the interests of the few." “The financial system… has been turned over to… the Federal Reserve Board. That board administers the finance system by authority of… a purely profiteering group. The system is private, conducted for the sole purpose of greatest possible profits [by any method they can get a way with] from the use of other people’s money.”

Scene I

Old Tomes from the Congress are popping up on cell phones: CONGRESSIONAL RECORD, MAY 11, 1972: "Some people think the Federal Reserve Banks are United States government institutions, they are not government institutions, they are private credit monopolies."

The outraged American People begin to flood the internet and post videos to youtube. They tell all to:

Query: Who exactly is getting this $250 billion in interest cost our government paid out in 2008? Inquiring minds want to know. Let us have names – we want transparency!

Query: Why is the government paying a group of private bankers so much money simply because pieces of paper have been given to the government who then puts the paper in circulation? It would seem the government could print its own paper call it ‘American Currency’ put it into circulation and not have to pay any interest to any private bank or anyone else!

Act IV
There is a National Epiphany – (Someone put something in the ‘kool aid’ everyone had been drinking. May be it was orange sunshine :) People by the thousands start throwing away their psychiatric medicines and turning off CNN, FOX news and all the other networks that spew and spin the Power Elite bylines and eNews sensationalism!

Epiphany: A moment of clarity - China and Japan and the rest of the world take our dollars simply because they understand that the US is currently the strongest man standing and does have the military power to take what it needs from whomever has it! (Not that we would do that! Right?)
The American people and all foreign debt holders realize the American dollar is backed by the full faith and credit of the Government and the US military power!

The private bankers who are demanding interest payments from the American government are not backing anything!

Epiphany: A moment of clarity - There is a reason why all these years not a single buyer could purchase oil from Saudi Arabia unless they had US Dollars! The day Saudi Arabia decides to accept only Chinese or Russian or Japanese currency – then what? WWW IV or V! or a Simple Gulf invasion?

ACT V

Gary Wood, conservative libertarian publishes the following to the media Thursday, February 5, 2009…

"Did you hear about HR 833's introduction before the House of Representatives on February 3rd? Many did not and yet it is important for everyone committed to liberty and personal responsibility to take notice and action to help push this legislation forward.

Dr. Ron Paul (R TX) introduced the legislation and it has been forwarded to the House Financial Services Committee. It carries the full title as follows: "To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes." A lofty goal many will write off as an unimaginable or radical piece of legislation. It garners little press during a time when the issues raised by the resolution are critical to understanding and correcting failed monetary policies driving our economic challenges for nearly a century.

Study the resolution and the words used to present it. If you can embrace the principles and goals of this important legislation it is your duty, as a guardian of our Constitution, to contact your representatives and urge them to co-sponsor this bill. Also, you should contact the members of the House Financial Services Committee and urge them to move it forward as most bills never leave committee and this one must.

Listen to the words; strive to hear their meaning as Dr. Paul introduced the bill on Tuesday . His presentation flows with historical understanding.

"Madame Speaker, I rise to introduce legislation to restore financial stability to America's economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts.

With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress' constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation's founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans' standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve."

The End or The Beginning?

Various scenarios have been played out in Hollywood movies and TV series - Art Imitates Life – life imitates Art! – Art is not just a guy’s name. Now pass the Oscar! Peace