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How To Become Debt Free

THE DEBT MYTH

The US deficit problem accrues from paying interest on America's $14 trillion debt. The super-rich paid 90% under Eisenhower and 72% under Nixon. Under Obama, they are now paying 33%. Most corporations and many elite families utilize offshore tax havens and pay nothing at all.

$14 trillion is an insurmountable debt. The idea that most of the $14 trillion is owed to the Chinese or other “governments” is false. The vast majority – around $10 trillion – is owed to the Eight Family cartel that run the Federal Reserve.

In a June 9, 2011 article for Marketwatch, Unicredit’s Chief US Economist, Harm Bandholz, stated that the Federal Reserve is the largest holder of US debt with around 14% of the total. This does not include debt held by Rothschild-controlled central banks of other nations – including China, Japan and the GCC oil fiefdoms.

HOW TO BECOME DEBT FREE by Dean Henderson (edited)

What follows is a ten-step proposal which could erase the $14 trillion US debt burden that future generations of Americans are inheriting. If these 10 solutions are implemented, the US could wipe out both its deficit and its debt within one year!

1) Introduce a Treasury Department-administered infrastructure investment fund which workers can opt into using accrued funds from their private 401K plans. This fund can be used to rebuild America’s infrastructure with American workers acting as lenders and receiving a fair rate of interest in return.

2) Withdraw from the Bank of International Settlements, the World Trade Organization, the World Bank, the IMF and the multilateral lending facilities controlled by the Eight Families.

3) Ban trade in dollars on all global exchanges. Impose currency controls by fixing the dollar at 1:1 euro, Chinese yuan, Canadian dollar and Swiss franc; 100:1 Japanese yen.

4) Nationalize the Federal Reserve. Under the Federal Reserve Act, there is a provision that allows for the US government to buy back the Fed’s charter for $4 billion. The US government must buy back the the fed charter, revoke the Fed charter and launch a new US dollar issued by the Treasury Department. With the dollar fixed, the cabal cannot crash it.

5) Cancel the $10 trillion debt to the banksters. Debt obligations to foreign governments and small bond-holders should be honored at par.

6) Arrest and prosecute all fraudulent transactions involving the Fed cartel. Seize all documents. Confiscate the world’s largest gold reserves which are stored there. These were stolen from various governments including our own Ft. Knox reserves.

7) The top tax rate on people who make more than $1 million/ year should be raised to 75%. People making more than $500,000/year should pay 50%. All tax brackets below $75,000/year receive tax cuts.

8 ) Slash Pentagon spending. Close all US military bases on foreign soil, including those in Europe, Japan and South Korea. Withdraw ALL troops from Iraq and Afghanistan. Use the savings to pay off government and small bond-holders.

9) Outlaw offshore banking by US citizens and corporations. This will bring the money home where taxes will be paid on it. The dramatic increase in tax revenue would pay off the remaining debt to sovereign governments and small bond-holders, while keeping our obligations to the Social Security trust fund.

10) Introduce single-payer health care and price controls on prescription drugs. This would eliminate fraud within insurance/pharmaceutical/hospitals/ Medicare/Medicaid/Social Security and would save the US Treasury billions.

Now, all America needs is an honest President and Congress to implement this 10 step plan that could wipe out America's deficit and debt within one year!