Commentary
Immediate Solution to a Faltering Economy
 

We received a copy of the following letter published in the Wall Street West section of the Rocky Mountain News on Saturday, October 27. We thought you might like to read what the writer had to say. As you can see, a grass roots effort need not cost much money, only some time and commitment. We hope this example encourages you to write similar letters.

I feel like the little kid waiving his hand in the back of the room, the one who knows the solution to the problem but never gets called on.

An appropriate economic response to the terrorists attack on America, primarily an economic attack, is the National Economic Stabilization And Recovery Act, NESARA. NESARA, pronounced NE SARAH, is a detailed legislative proposal providing an immediate economic stimulus in excess of $1 Trillion and much improved long term economic stability.

The members of Congress, including Scott McInnis, have known about it for 10 years. Like Scott, several say they will endorse the legislation when the public demonstrates some interest and support. So much for congressional leadership, except in evacuations and support of their pork-barrel-projects.

NESARA completely rebuilds national fiscal and monetary policy from the ground up:

A 14% National Retail Sales Tax replaces current income, capital gains and inheritance taxes on a dollar for dollar basis. Eighteen categories of exclusions, including groceries, rents or leases, prescription drugs and professional services, insurance, and some other necessities of life, make this new sales tax a progressive tax. Under this plan, the working poor pay almost no tax.

A new theory of money eliminates large amounts of public debt as the privately owned Federal Reserve System becomes a public entity, the United States Treasury Reserve System. Fundamental changes in fractional reserve banking policy require principal on secured loans to be repaid before the bank’s profit. Because these changes apply to existing mortgage contracts, huge amounts of private debt are reduced or eliminated. Bankers receive some windfall profits under the new rules but that is a very small price to pay to reorganize them as fiduciary institutions, stabilize the economy and eliminate future bank failures.

Before you declare that this is impossible, that it has never been done before (which is true), you should know that NESARA represents 15 years of research into the root causes of America’s problems. It is highly probable that answers to your initial objections were recently posted on the net at nesara.org along with complete details of the proposed legislation, explanations and supporting information, and examples of its projected social impact. With more than 20,000 visitors to nesara.org during the month of September, it should not be long before Congress scrambles to the head of the parade to demonstrate their leadership.

Jean Barnard
Grand Junction, Colorado