

From the Radio Free Michigan archives



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                 With a Treasury Debt-Free Money System in

                   Place Income Taxes and Virtually all

        



                                TAXES WOULD END







        Here is an article published in the February, 1990 issue of the 

"National Educator;  Fullerton, California, USA, written by columnist 

James P. Fitzgerald.

        The Federal government is cutting back on various health care 

programs.  These cuts are all becuase of the debt, deficits and shortage 

of money.  Estimates are that many thousands will die as a result of the 

cuts.

        The cutbacks were explained by a Mr. William Vaughn, an aide to 

Fortney Stark, one of the key Congressmen on health issues, by saying,



        If money came from heaven like manna, we would pay for this.  

        But it doesn't so we have to make choices.



        How sad that Mr. Vaughn did not explain where money does come 

from!  A truthful statement would surprise many millions of people.  

Vaughn's statement implies that money is hard come by, yet the banks create

money the God created mana and spread it all around for the Jews in the 

desert.  God gave the mannaas a free gift but the bankers charge usury 

for lending the money they create.

        People steadfastly refuse to believe that the banks are like 

magicians in creating the money they lend.  The unbelief comes from a 

common conviction that no government would be crazy enough to let private 

bankers create money.  So the common perception remains that banks don't 

really create money becasue only idiots would permit it.  At the same 

time banking propaganda continues to warn that government must be careful 

not to print too much money and cause inflation.

        The propaganda is effective because it is buttressed by the 

economists who know prefectly well that the government only prints 

currency at the request of the banks.  But the main proof that government 

has lost its Constitutional prerogative to coin money lies in the debt 

figures.  If the public authority were creating the nation's money, would 

it have a two and one-half trillion debt and a 250 billion dollar 

deficit?  The Federal Reserve has created billions of dollars, and as a 

result has billions in assets and no debt.  People should be impressed by 

those figures.

        If the Fed is asked why it has a policy of opposing U.S. Treasury 

creation of money, it replies that government cannot be trusted to carry 

out its sovereign prerogative of coining money; it cannot be trusted 

because it would print money wholesale and cause inflation.

        THis absurd charge can fool and confuse the masses, but it has no 

merti.  It lacks merit because the Congress has to set up a budget and 

authorize approprations in accord with national needs.   So the money 

total will be the saem whether government borrows the money or creates it.

        But strikingly obvious are the benefits that would come from a 

treasury money system.  The first and most obvious would be an end to 

income taxes and virtually all taxes.  With a treasury debt-free moeny 

system in place, the government could face up the repair and upkeep of 

the badly decayed infrastructure - roads, bridges, seaports, dams water 

and sewer systems, parks and playgrounds.  At the moment, officials are 

distressed with the decaying conditions throughout the nations, but they 

are strapped for money.

        In opposing the implementing of a sound Treasury system, the 

financiers  will call on all their powerful reserves.  THe media will 

obediently shout "Fiat money, printing press money".  THe horrors of 

inflation will be described on every page.   What can save the situation 

is a popular recognition that a Treasury system will, in fact, end taxes.

        The bankers can't deny it.



        "All that is necessary for the triumph of evil, is that

        good men and women do nothing."

 

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