Zero Out: An act of terrorism on the rich
Just recently in our own past, common things like economics and government had long understood traditions and rules which were widely known. Today there is little discussion of these traditions or this knowledge. Economics students today are not likely to hear of ideas like corporate responsibility, the debt to society that comes with success or even self-evident truths such as the number one rule in life or any successful economy, don't shoot yourself. Much work has been done and money spent on mis-educating the American people by our own elite establishment. We are collectively much dumber than our grandparents and this is by design. Knowledge, even common knowledge, is treated as if it is the exclusive private property of the elite establishment and none of the ordinary people’s business. From elementary school through to college “education” today the amount of useful and true information taught to American students is less than ever while the spending on or cost of education has never been higher. One thing students are not taught today is true economics such as one old and faithful rule of economics I call “Zero Out”.
This is not a new idea. Not an idea I sat around and made up just to make the establishment look bad. They do a fine job of that without my help. No, this is common knowledge which people in our not-so-distant past knew and understood very well. They had to, their lives depended on it. Never before in the history of our species has so much power rested in so jealous few hands as now and so many been discarded for the appetite of the few. Economics and government are not new things either. There are long true and faithful rules that govern a good government and a successful economy. One rule is that the currency MUST be worth something. That there exists a real world, tangible thing to guarantee that the money is worth the value stated. If there is no collateral guaranteeing the money’s value then the currency is worthless in reality and everyone who participates in the economy does so knowing the money has no real value in a state of mass self-delusion. They blindly believe in their money as if their hope alone should secure a stable dollar to buy all those things they just have to have and cant produce for themselves. But hope wont do it. If money has no real value behind it to support it then the entire monetary system will and must collapse producing the most hardship and damage upon the most vulnerable, the poor. This is the hard way to zero out a monetary system but there is a better way which wont destroy the entire system or produce as much suffering and that is debt forgiveness.
We here in America have a fiat monetary system. Meaning that the value of our money is determined by “fiat” and not supported by any real value. The issuing authority, in our case the Federal Reserve, says that the money is worth x amount and that they say so and we believe them is the only thing that gives our money any value at all. It is actually just paper and/or computerized credits, neither worth anything at all.. Except in our own heads. This is not news and most people are well aware of this whether they spend much time thinking about it or not. What may be news to some though is that there is a way to fix this without causing undo pain on our people or destroying our country. The reason so many have never heard ideas, like the one I talking about now, is that the banking and corporate elite do not want you to know about this or they could see their entire con game dissolve around them and lose the power they now have over us all. For that reason anyone who tries to teach things like this to others are “terrorists” in the minds of today’s elite. Yes, that means I am a terrorist because I would knowingly try to topple the great empire of the super-rich by educating the poor as to the game as it is played today. I have been called worse and in this context I admit my guilt and am not done yet terrorizing the rich. So if you want to see a terrorist act today that won’t spill a drop of innocent blood, read on.
“Zero Out” is an idea as old as economics and money itself. No one ever accepted something that was worthless in trade for something of worth unless by charity, mistake, stupidity or deceit. In this country our money used to be guaranteed by gold reserves kept by the Treasury for the sole purpose of supporting the dollar’s value. Then back around 1913 the mega-trusts that owned the big banks changed all that and removed the dollar from the “gold standard” and placed the dollar into the “fiat” system we still have today. This was a huge payoff to the owners of the Federal Reserve, the big banking famailies, and gave them the exclusive power to print all the money they wanted and say it is worth what ever they chose to and steal all the gold. People would accept the money and their word for the value of the money with nothing in exchange or they wouldn’t function in the economy of the country while the gold just disappeared. So everyone did as the bankers demanded and the game moved along. The “Fed” printed money night and day, year after year, without regard for the worthlessness of the money and the people kept working harder and harder to get some of the worthless money being printed. The people were given loans of this worthless money that they then re-payed at interest with even more worthless money and the game got bigger.
Fiat monetary systems are not new either. It is a game that will work for a time but in the end always collapses with a very messy and ugly end. The reason that fiat systems always must collapse is do to lack of real value. You can only fool people just so long before folks catch on and the jig is up. It was regarded as common knowledge that a fiat system could never last longer than 100 years at a time without “zeroing out” to purge it of speculated and contrived value or the system would collapse completely under the weight of false value as ours is today. The means to “zero out” the monetary system is the reverse of loaning worthless money at interest to the public and is debt forgiveness. Only debt forgiveness, or the recognition of lack of value in the dollar, can correct this problem. The way this works is simple. The issuing authority forgives the debt of the banks since there is no actual value to the debt and in turn the banks forgive their customers. This may sound far fetched but is the only means that can work to prevent total and certain collapse of the entire system. And the one thing the owners of the big banks will never do because of their dishonesty and greed. Instead, they will prop up the game for as long as possible by printing even more worthless money and making the collapse all the more inevitable and destructive.
Only debt forgiveness and the revaluation of the dollar can work and nobody knows this better than the big banks. The game today is now at a terminal velocity and total collapse is unavoidable unless measures are taken to create value to support the dollar. By removing the fake and invented value from the system we can save ourselves even this late in the game. Debt forgiveness, dollar revaluation with Fed, IRS & IMF dissolution, a new US congress issued dollar that is secured by value, trust busting like has never been seen before, economic penalties leveled & restitution extracted from Chase/Exxon/Mobil/Wal-Mart etc. and all corporate law rewritten or scrapped, seizure of all Communist holdings like the $5 trillion the Chinese have in T-bills, a new New Deal focused on infrastructure & manufacturing with an economic policy that values liberty & living wages, would still work I believe and is our only hope. But then, why would you believe me instead of the big bankers? I am obviously a terrorist.
Thanks for your time and interest, David Michael
****************************************************************
The following is an email exchange between myself and Zephram Stark which many of you may find interesting. I have alot of respect for Zephram and I hope you gain understanding from this as I did.
----------------- Original Message -----------------
From: David Michael
Date: Oct 17, 2008 4:07 PM
We are similar in many respects. I think you would be very helpful in the writing of an article I am working on which you would also dig I think. It's called, "Zero Out". The idea isn't really mine. When I was a kid my grandpa was a country banker in a small MO town & he used to take me to banking meetings around the state with him. He taught me to fly a plane before I knew how to drive a car like this, flying around to meetings with him. I learned alot from him about life and business/politics/economics that I never heard much of in any economics or ethics classes afterward. Like about the responsibility of the banks in a community, the debt to your community that comes with success. Corporate accountability, the importance of reinvestment & one idea that I call "Zero Out".
The fact was once considered common knowledge, at least to folks like my grandpa, that in any fiat/interest/debt based monetary system the issuing authority must "zero out" the books every 100 yrs or the system will collapse due to unreal currency valuation. To me this would mean as example the World Banks forgiveness of debt to Third world countries such as the USA now and in turn the Fed forgives the debt of the Charter banks who forgive the Branch system who forgive the Network who forgive the customer. Get it? His belief was that every 100 yrs there must be a zeroing out of the monetary system or it would completely collapse under the weight of unreal value. As ours is now. Pouring paper on this fire makes it hotter you know? Help me write this piece.????
Much respect, Dave
----------------- Original Message -----------------
From: Zephram Stark
Date: Oct 17, 2008 7:41 PM
I agree that the economic system we use will zero out either the easy way or the hard way. The reason the system has to zero out is because it is a pyramid scheme. It can only keep going when the bottom layer is expanding. With Baby Boomers trying to cash out their derivative based holdings for assets and other countries switching to the Euro, Gen X and Gen Y are left with a mountain of expectations that physically cannot be turned into useful goods and services.
We lost our ability to keep ourselves alive years ago and have been relying on inflow from other countries ever since. We created junk debt derivatives that we thought could sustain us or be used for trade instead of life sustaining products.
At this point, we physically don't have the production means to keep everyone alive in the United States. When we zero out, we will lose our ability to force others to sustain us. Our goal, since the sixties, has been to create the armed infrastructure necessary to keep those who see their children starving to death from murdering as many people as necessary to keep their kids alive. I promise you that no paper on zeroing out is going to convince folks to voluntarily let their children die. A strong economy is necessary to redistribute life sustaining assets, but if there aren't enough assets to keep people alive, folks aren't going to obey the rules of any civilized economy. They're going to get their guns and take what they need.
My only hope is to enable individual communities to survive by switching production from financial fictions to real capital and forming mutual protection organizations.
----------------- Original Message -----------------
From: David Michael
Date: Oct 17, 2008 7:48 PM
Well done! I knew you were the guy. So then you don't believe it is possible to do without destroying all value in the currency? Thank you for the considered reply Zephram.
----------------- Original Message -----------------
From: Zephram Stark
Date: Oct 17, 2008 9:42 PM
The value of paper currency is purely confidence. If there is any usury in the system at all, confidence becomes a shell game that keeps increasing the number of shells without increasing the nuts underneath. Everyone playing the shell game hopes to get at least one nut if they diversify their shell holdings.
Zeroing out has the effect of lifting all the shells and splitting the nuts amongst players instead of lifting them one at a time as each player cashes out.
The problem is that the game is a con. People cashing out almost always get a nut when the game is growing. This prompts more people to buy in and more shells to be added. The con is that the dealer knows where the nuts are and moves them to the people cashing out. There are fewer and fewer nuts as folks cash out because the shell game pays better than nut production. Confidence can remain high until the very last nut is gone, but even then, as long as the shells are intact, some people will still hope that there are nuts left.
If you were to upset the cart and show that none of the shells have nuts at this point, folks wouldn't say, "Okay, let's start a new game." They would go after the dealer and find pockets full of nuts. That thought is terrifying to the dealer, which is why the dealer would accuse you of terrorism for even suggesting such a thing.
As appealing as exposing “the truth” may be to you, please be aware that there are not enough nuts left, even in the dealer’s pockets, to keep the people of the United States alive. While we want people to stop wasting their time and resources on the con game, we want those resources to be spent on nut production, not going after the dealer. The difference between what we can produce ourselves and what we can get back from the dealer is enough sustenance to keep millions of additional people alive when the panic comes.
----------------- Original Message -----------------
From: David Michael
Date: Oct 19, 2008 6:43 PM
It would appear as if this banker managed "crisis" has an endgame & that is a global currency and global government. To be carried to the US by our masters in Europe. It may be too late to do one damn thing about it like you say. As it would be said to be too expensive to print such a worldwide money supply of a new currency we would all just have to accept the microchips that are so kindly offered us by our loving masters. We both know this collapse is center-stage now & the means being used to "combat" this are well understood to never work except to destroy value. This is being managed expertly.
Its too late I think but if we could just slap the dealer, take the game & go into full time nut production I still think we could save ourselves. Debt forgiveness with Fed, IRS & IMF dissolution, a new US congress issued currency, trust busting like aint never been seen, economic penalties leveled & restitution extracted from Chase/Exxon/Mobil/Wal-Mart etc., seizure of all Communist holdings like the $5 trillion the Chinese have in T-bills, a new New Deal focused on infrastructure & manufacturing with an economic policy that values liberty & living wages, would work I believe.
To change the tone even darker do you see this Satanic Occult as vividly as I do? Their “brotherhood of death”? My son Adam is 15. Will he have an economy to even try to start his life in? They want our sons for cannon fodder but I want their heads! But don't know what to do. They are bloody, wicked & happily hell-bent. The only thing I can see to do is prepare. If your family needs some woods to hide in someday come this way.
Great talking to you Zeph, your one helluva man bro. God bless, Dave
http://allisonkilkenny.wordpress.com/2008/11/15/kucinich-hands-kashkari-his-own-ass/
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