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Friday, July 29, 2011

Dutch Sinse Under Attack 2011 AUGUST 15

Dutch Sinse under Attack Too Accurate--Friend Shot --Professional Hit!
August 14, 2011 Jeff - stevequayle.com

Hi Steve / support staff,
I’ve been a listener of [Steve Quayle's] for many years and now I need to find out if he can SHED SOME LIGHT!!
The light of truth and bright one at that, needs to be shined on this situation if you are willing??
RE: YouTuber dutchsinse THIS IS ALL HIS WORK AND RESEARCH on HAARP:
http://www.dutchsinse.com/blog/?p=660  dozens of links to HAARP patents etc. etc.
http://www.dutchsinse.com/blog/?p=605  Images you MUST see!!!!!! THIS is what he does.
I know you know Alex, Jeff, George, and many many other powerful voices who can perhaps rally the support now needed.
The is a YouTuber who’s channel name is dutchsinse from St. Louis who does some amazing work studying HAARP, earthquakes, and volcanos. It’s far beyond the scope of this email to explain how good he is at what he does, but if it helps any to know this much, he first REALLY started drawing attention when he posted a warning about a potential large earthquake in Japan only a few days before they got hit in March. Since then, with almost daily updates on HARRP rings he can find on weather radar systems he’s very accurately predicted violent weather and tornadoes dozens of times. 24 -48hrs in Advance.
Here’s the stats on his channel, and most all of this is just in the last 6 mo.
Channel Views:3,437,533
Total Upload Views:12,869,647 – - YES that’s 12+ MILLION views of his uploads.
He even has this posted on his channel…………
“from one of my viewers who has family in Joplin Missouri —
“Just in. My step son living in the vicinty of Carrosel Park(sp) on the 3800 block of West 7th, Joplin had listened to my ranting of Flash rings seen in general area, had packed up family, summer, clothes and valuables then left the area for the weekend in the hills near Anderson. Thanks to you they and their worth are ok. House, boat and all else are gone but my daughter, stepson and grandkids are ok….Thanks to you –youtube user billyhayes548″
I’ll let you guys do your own investigating on this, BUT WHAT YOU WON’T FIND….. is 100 plus videos that YouTube just made him
take off his channel from back when he posted warnings about Japan BEFORE it happened.
HIS BEST FRIEND WAS JUST SHOT 5 TIMES with an AK-47 under VERY odd circumstances at 6:20AM in St. Louis about 3 days ago (2 guys – black Hummer) and he HAD received threats and his channel and work recently came under a lot of attack.
HIS WORK even prompted the USGS to issue two different press releases regarding what Dutch is still pretty certain where / are volcanic plumes / venting from SoCal all the way to WA. He also has strong suspicion that USGS is downgrading / hiding the actual size of the EQ’s it’s reporting on it’s site.
HE REALLY NEEDS SUPPORT ….they are trying to shut him down and just 3 days after his close friend got shot, then YT makes him take down all those videos.
PLEASE PLEASE PLEASE…. If there is ANY way you or Alex or anyone else you know can help this guy out here, he has a LOT
of good people who love and support him a bunch, but they don’t want him to get hurt.
HE IS SCARED…. He just posted this on his channel tonight:
” I just deleted WELL OVER 100 videos… thanks youtube, thanks to trolls.. copyright violations on the Japan tsunami videos I posted at the time in March??!! really??? well .. now youtube.. i just NUKED my effin channel.. enjoy the low views!”
“dutchsinse: deepest aplogies to anyone upset with me.. I won’t be around for a while.. upsetting developments have occurred— im coming to figure out that video making about the “real truth” is NOT worth the pain caused in “real life”
Many many people are praying for him to be surrounded by angels and for God’s hand of protection to be on him. He has moved his family to a secure location for now. PLEASE see if you can contact him and offer some support or advice…he does NOT have a lot of money, and though many have insisted on sending him donations, he’s never tried to make money from his work. HE ONLY is concerned with peoples safety.
VERY VERY VERY Sincerely,
Jeff in Oregon
 Pisgah Volcano
Background of Pisgah Volcano is the youngest vent, of four cinder cones, in the Lavic Lake volcanic field. There may have been activity at this site as recent as 2,000 years ago, though more likely 20,000 to 50,000 years ago. It is too young for the commonly used potassium-argon dating technique usable on specimens over 100,000 years old. No charred organic material for radiocarbon dating has been found.
Lava at nearby and similarly active Amboy Crater is interbedded with Bristol Playa sediments at a depth of about 9 meters (30 feet) which are approximately 100,000 years old. Recent argon-argon dating reveals an age of approximately 18,000 years ± 5,000 years (~90% certainty) for the most recent flow.
Lava flows extend 18 km (11 miles) to the west and 8 km (5 miles) to southeast of the cone, containing basalt primarily of the pahoehoe texture, with some a'a. The flows contain numerous lava tubes and caves.

 http://en.wikipedia.org/wi​ki/Pisgah_Crater



Pisgah Crater - Wikipedia, the free encyclopedia
en.wikipedia.org


YouTube Uploads by dutchsinse - Pisgah Crater


Pisgah Crater, or Pisgah Volcano, is a young volcanic cinder cone rising above a lava plain in the Mojave Desert, between Barstow and Needles, California in San Bernardino County, California. The volcanic peak is around 2.5 miles (4.0 km) south of historic U.S. Route 66-National Old Trails Highway a



8/1/2011 -- "Pushing the envelope" -- CA, NV, OR, WA, ID = Volcanic plume update -- READ BELOW!!

Uploaded by  on Jul 29, 2011
Approx 2PM PST July 29, 2011. Walking down from the top of the Pisgah Crater, into the Center of the Crater and Viewing the Vent hole. Appears to be lava rock with other minerals on top. Vegetation appears to be dead in the direction of where the Vent hole may have had a plume. Vegetation on the other side of the vent hole is still green. Rocks near the vent hole appear to have been blown out. Hole is deep and warm. There was NO monitoring equipment of any type anywhere around the crater, or surrounding area. Also it appears that the area has not been disturbed by people any time recently. This area was an old rock quarry at some time in the past. There was warmth coming out of the vent hole, however there were no odd smells in the area, and I don't have any specialized equipment to have checked the temps, and I didn't have a GPS to take coordinence.
________________________________________


Uploaded by dutchsinse on Jul 29, 2011

It appears the USGS has made a critical blunder yet once again..

Today, the USGS issued a SECOND statement regarding the Pisgah/California volcanic plumes.... get ready for it .... they said there were NO VISIBLE SATELLITE IMAGES of the plumes !!!
To top it off.. they then said there was NO SEISMIC ACTIVITY IN THE AREA to indicate a threat !!!
(we have video shots of the actual EQ charts which contradict these clear falsehoods, there was a 6.0 south of the area, and this video settles it once and for all .. there ARE visible cloud satellite images)
We have a several VISIBLE SATELLITE SHOTS of the plume activity and , those shots were in our videos originally, which means they didn't even watch our videos before responding.... otherwise, they wouldn't make such a clear LIE such as this.....

USGS quote today:
"USGS volcanologists evaluating the situation find nothing to indicate that the NEXRAD feature results from volcanic activity.
Satellite images from the same period do not show the steam or ash clouds that accompany volcanic activity, and there is no seismicity in the vicinity indicative of volcanic unrest/eruption.
No earthquakes were located within 20 miles of LLVF during the last week (USGS-Caltech Seismic Net update 14:10 PDT July 27, 2011 ). No reports of eruptive activity have come in from ground observers (LLVF is within 2 miles of Interstate 40) or from regional pilots (Barstow Daggett County Airport is within 10 miles of LLVF). "

Screenshot captures done by youtube user : SMDAHL much respect for them doing this! be sure to subscribe to their channel.. they are ON TOP of the satellite images of the California Volcanic issue!
http://www.youtube.com/user/SMDAHL
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From: dutchsinse  | Jul 29, 2011  


Here is the 2nd statement: full of untruths..
http://www.youtube.com/watch?v=J2RBQiDlD_k .


First, they said it was a thunderstorm: view THAT video here: http://www.youtube.com/watch?v=Kb0YHAnjNTs


Then a day ago SIX plumes erupted from california to nevada ! view that video here:http://www.youtube.com/watch?v=J2RBQiDlD_k
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Today, July 29, 2011 .. the USGS issued ANOTHER statement in regards to the videos we have all made---
Now the USGS says there was NO cloud cover evidence on satellite !!! AND they also say .. quote "there is NO SEISMICITY in the area indicative of volcanic activity."


OMG .... WRONG!!! did they somehow FORGET about the 6.0 that just happened south of there, or the dozens of 3.0's in the region, or the magma harmonics I SHOWED from the region which clearly tell the tale...
better put, this USGS article...its a downright LIE, and we can prove it with or videos which SHOW cloud cover, RADAR, and the actual seismograph readouts .. I suppose they did NOT actually watch our videos.. EPIC FAIL !!
USGS quote:
Inquiries have come to the USGS regarding a potential eruption in the vicinity of Lavic Lake Volcanic Field (LLVF) in Southern California. The inquiries stem from a citizen report noting a plume-like feature on NEXRAD radar imagery from July 23, 2011. USGS volcanologists evaluating the situation find nothing to indicate that the NEXRAD feature results from volcanic activity. Satellite images from the same period do not show the steam or ash clouds that accompany volcanic activity, and there is no seismicity in the vicinity indicative of volcanic unrest/eruption. No earthquakes were located within 20 miles of LLVF during the last week (USGS-Caltech Seismic Net update 14:10 PDT July 27, 2011 ). No reports of eruptive activity have come in from ground observers (LLVF is within 2 miles of Interstate 40) or from regional pilots (Barstow Daggett County Airport is within 10 miles of LLVF).

The USGS monitors volcanic unrest and provides announcements of volcanic activity within the US as soon as detected and confirmed. Often, warnings of possible volcanic activity are issued in advance, based on data from satellite or ground-based sensor networks. The status of US volcanoes is always available at the Volcano Hazards Program website.
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Here are the previous videos I did on the subject which brought forth the USGS to make a comment in the first place -- these videos SHOW RADAR and VISIBLE SATELLITE SHOTS of the whole event.. thus proving this 2nd USGS statement totally wrong/false/lies
Videos in question, that the USGS were responding to: oldest to newest.. all in california.. all in the past 7 days PLUS a 6.0 earthquake in the region !!!
http://www.youtube.com/user/dutchsins
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Un-confermed Volcanic "event" in southern CA -- Pisgah Cratre -- Bullion Mountains.... barstow , lenwood, newberry springs, and helendale CA should be able to see it in some sort or another!
We need video or camera confirmation on this ASAP!
quite possibly an eruption of some sort.. plume seen on RADAR !
coordinates of the plume: 34 34 0 N , 116 17 26 W


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Uploaded by ProphetChaser on Jul 29, 2011 This is a video response to duchtsinse's Pisgah Plume Video posted by him on July 25, 2011. The area in question is the 29 Palms Marine Base Marine Corps Air Ground Combat Center located in the Mojave Desert of California. This response in NO WAY is debunking dutche's video but augmenting it and hopefuly adding some clarity to the exact locaton of the plume in question.

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Uploaded by dutchsinse:There was no indication of a volcanic eruption on that date and time, and nor is there one brewing today," USGS spokeswoman Clarice Ransom said. Dr. John Eichelberger, program coordinator of volcano hazards for USGS, said the video didn't appear to be a hoax, but rather a misinterpretation of the data..


Uploaded by dutchsinse on Jul 26, 2011: Today, for the THIRD TIME out of the SAME SPOT... the lava fields at Pisgah craters...

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Well as you may or may not know, dutchsinse first noticed this via a radar anomaly a couple days ago. And now I guess it's been confirmed - but what is it? What happened? Eh? HMM!!

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Send this SECOND one over to Dr. John Uploaded by dutchsinse on Jul 25, 2011: Eichelberger and the other USGS spokesperson... let them know.. i'll buy their explanation on one occurance.. but NOT on multiple from the same spot.. sorry! there comes a point where professionals deny reality in order to make it fit their beliefs.. well.. this is clearly happening multiple times at the SAME spot... the fact is that strange plumes of precip/steam/moisture are blowing up out of the LAVA FIELDS IN THE MOJAVE DESERT.

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Uploaded by harmono on Jul 24, 2011: Trying to verify what caused this huge plume of smoke, or vapors to emerge from the 29 palms military base area/pigsah crater area. There were some small quakes registered in the area, but I see quakes in that area quite often.

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Uploaded by TheGrowingAwareness on Jul 23, 2011: 7/23/2011 -- CALIFORNIA Volcanic eruption at Pisgah Crater-- need video ASAP:
A Comment From rebelvette1: I live in Escondido and I saw a very weird super dense cloud while I was driving around earlier(just about 2 hrs ago) in the northern sky. I don't see it anymore and wasn't able to take any pics at the time. But it was definitely weird. It did look like a super big steam cloud. Kinda mushroom shaped. Something big is about to happen...

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7/23/2011 -- California FAA Aviation warning - DIRECTLY over Volcanic eruption area
UPDATE 213am CDT 7/23/2011 .. hoping that someone can get up to the area first thing in the AM.. the plume swirled around the area for several hours .. then settled out. It stayed MUCH longer than steam would have.. so that rules out a geyser... and fire is ruled out as well.. which only leaves some kind of volcanic event , or a plane crash.

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Piscah craters area in south central California has shown a large plume eruption clearly visible on NEXRAD RADAR.
Now we also see an aviation warning of "turbulence" from the FAA NOAA site:

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John R Szabo 
This is a video response to duchtsinse's Pisgah Plume Video posted by him on July 25, 2011. The area in question is the 29 Palms Marine Base Marine Corps Air Ground Combat Center located in the Mojave Desert of California.
http://www.wunderground.com/wundermap/?lat=34.7463781&lon=-116.3755765&zoom=8&pin=Barstow%2C+CA&type=hyb&rad=1&wxsn=0&svr=0&cams=0&sat=0&riv=0&mm=0&hur=0



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Wednesday, July 27, 2011

Investors: The $1 Billion Armageddon Trade Placed Against The United States

Jack Barnes: July 25th, 2011 - etfdailynews.com



Someone dropped a bomb on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating.
In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world.
The massive trade wasn’t placed in bonds themselves; it was placed in the futures market.
The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01.
The value of the trade was about $850 million dollars. In simple terms, if that was a direct bond buy, no one would be talking about it.
However, with the use of futures, you have to have margin capacity behind the trade. That means with a single push of a button someone was willing to commit more than $1 billion of real capital to this trade with expectations of a 10-to-1 return ratio.
You only do this if you see an edge.
This means someone is confident that the United States is either going to default or is going to lose its AAA rating. That someone is willing to bet the proverbial farm that U.S. interest rates will be going up.
I believe what happened is a debt-ceiling deal was done in Washington and leaked to a major proprietary trader. Everyone knows the debt negotiations in Washington have been an extreme game of brinksmanship between political parties, but now someone knows how that game played out.
This had the hallmarks of one of the largest bond shops in the world knowing something the rest of the market didn’t.
The number of shops or even central banks that can take on this level of market risk is extremely small. Some that come to mind are hedge fund manager John Paulson, Bill Gross’s PIMCO, and the U.S. and Chinese central banks.
Paulson already scored big – about $6 billion big – on a similar trade years ago when he bet against subprime mortgages, the investments that helped bring down Lehman Bros. and many other investors.
Whoever was behind it wanted a trade on ASAP, and didn’t care about the ripples they would cause.
Armageddon trade
You can see how this trade caused fear to be unleashed in the market once it got out and the implications hit by looking at U.S. Treasuries. People who were long 30-year Treasuries panicked as they saw the huge short put on the futures market, and started to unwind their long exposure.
What you, as investors, should do now is look at the bond exchange-traded funds (ETFs) that provide a positive rate of return when U.S. Treasuries drop in value. Yields are going up sooner rather than later, if the person behind this Armageddon trade is correct.
We’re in the midst of the greatest investing boom in almost 60 years. And rest assured – this boom is not about to end anytime soon. You see, the flattening of the world continues to spawn new markets worth trillions of dollars; new customers that measure in the billions; an insatiable global demand for basic resources that’s growing exponentially ; and a technological revolution even in the most distant markets on the planet. And Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact, we believe this is where the only real fortunes will be made in the months and years to come. 

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The unethical Clarence Thomas caught...


He had inappropriate sexual entanglements with a number of women and lied about it repeatedly to the American people. Yet nobody --- save for one Colorado law school prof --- seems to be calling for Justice Clarence Thomas' resignation for some reason.
That, even though Thomas, unlike Rep. Anthony Weiner, appears to have actually, and flagrantly, and repeatedly, broken the law.

The unethical Clarence Thomas

July 01, 2011|By bill press - orlandosentinel.com
It's been a busy few weeks for members of the Supreme Court. On Arizona's public financing law, Chief Justice John Roberts was, unfortunately, busy looking for another way to grease the skids for corporate campaign contributions. On video games, Justice Antonin Scalia was, fortunately, busy crafting a strong stand on free speech. And on California prisons, Justice Anthony Kennedy was, honorably, busy cleaning house.
Unlike his fellow justices, meanwhile, Justice Clarence Thomas was busy looking for his next handout. When will conservatives finally admit that Thomas is a monumental embarrassment -- and should resign from the court?
Nobody believed President George H.W. Bush back in July 1991 when he introduced Thomas as the "most qualified" judge in the land to sit on the court. But few at the time suspected Thomas would also prove himself the "most unethical" justice to sit on the court since Abe Fortas, forced to resign in 1970 for accepting corporate contributions -- much like Thomas does today.
Questions about Thomas' corporate conflicts first arose regarding Liberty Central, a conservative think tank founded by his wife Virginia. As Virginia herself boasted, Liberty Central's main role was to oppose health care reform and climate change legislation promoted by President Obama. "This guy has turned hard left, and we need to stand up and realize what's at stake here," she told supporters at the time.
Conservatives, without a peep of protest, accepted the fact that the wife of a Supreme Court justice was accepting corporate contributions to lead a campaign against the president of the United States on two issues that would ultimately be decided by the Supreme Court. But can you imagine what howls of protest would have been heard had Mrs. Stephen Breyer led a similar campaign against George W. Bush?
More recent accounts of conflict, however, concern Justice Thomas himself. Think Progress reports that in 2001, the American Enterprise Institute gave Thomas a bust of Abraham Lincoln worth $15,000. At the time, AEI was also involved in three cases before the Supreme Court. Thomas recused himself from none of the three. Think Progress was also the first to report Thomas' attendance at a top-secret corporate fundraising conference held in Palm Springs in January 2008 and hosted by Charles and David Koch.
But that's not all. The New York Times has revealed extensive, and troubling, connections between Thomas and big-time Dallas developer Harlan Crow. One of the nation's leading conservative donors, Mr. Crow has been especially generous to Justice Thomas: entertaining him and his wife on his plane, yacht, and Adirondacks vacation estate. He contributed $175,000 to a Savannah, Ga., library for a project dedicated to Thomas. In 2001, he gave the justice a Bible that belonged to Frederick Douglass, valued at $19,000. He reportedly contributed $500,000 to Mrs. Thomas for Liberty Central. And, at the justice's request, he almost single-handedly funded construction of a multimillion-dollar new museum in Thomas' hometown of Pin Point, Ga.
Again, the problem is that Crow was also, at the same time, a major donor to two organizations -- the American Enterprise Institute, mentioned above, and the Project on Fair Representation -- which filed supporting briefs in several cases before the Supreme Court, which Thomas helped decide.
For any other judge in the land, such activities and coziness with major donors would be cause for reprimand or removal from the bench. The judicial code of conduct says judges "should not personally participate" in raising money for charitable concerns. They're not even supposed to know who contributes money to projects honoring them.
Ah, but therein lies the rub. The judicial code of conduct applies to all judges except Supreme Court justices, who have conveniently exempted themselves from its provisions, while vowing to observe the spirit, if not the letter, of the law. Thomas has done neither.
Even if not bound by the code, we still expect members of the Supreme Court, like elected officials, to avoid even the appearance of conflict of interest. After all, they enjoy a lifetime appointment and a $214,000 annual salary with full health and retirement benefits. They don't have to grub for corporate handouts.
Maybe Thomas should learn from his wife. When she left Liberty Central, Virginia Thomas was eagerly given a new job by Tucker Carlson on his website, The Daily Caller. Were Justice Thomas to do the right thing and resign from the court, I'm sure Carlson would jump at the chance to find a job for him too.
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Trillion dollars debt ceiling lies: Americans will prevail with 3 simple facts


Carl Herman

, Nonpartisan Examiner July 27, 2011

In our current debt-based monetary system, we're never going to pay off the national debt. The debt-deal political theater is a tragic-comedy and essentially lies of omission and commission costing Americans trillions of their dollars every year. The heart of the lie is Orwellian: US “leadership” tells us that debt is a “money supply,” repeats it through complicit corporate media, and parasitizes US tax payers as their debt slaves.
It’s also criminal fraud in the trillions of dollars in public damages that kills millions of human beings every year.
The truth shall set us free when enough Americans demonstrate the intellectual integrity and moral courage to see what’s right in front of everyone, factually state “the emperor has no clothes” facts, and demand the obvious solution of ending debt and creating money.
We’re getting close: Rasmussen reports 46% of US voters conclude most members of Congress are corrupt and just 29% find they are not, that 85% of voters see Congress enriching themselves rather than acting in public service, and an overall approval rating for Congress is at the record-low of 6%. 
This article will explain the three simple facts to end the Orwellian debt-slavery lie:
  1. What the national debt is, 
  2. Why we can never pay it, 
  3. The elegant and obvious solution proposed by Nobel Prize winning economist, Milton Friedman. 
Please read and understand this crucial information for your responsible citizenry. You literally have nothing more valuable to do.
What the national debt is: The US national debt is approaching $15 TRILLION dollars. Of that amount, about 2/3 is owed to whomever among the public purchased US government debt securities (bills up to one year, notes from two to ten years, and bonds of 20 and 30 years) and 1/3 is intragovernmental transfers (US government agency purchases like Social Security surplus and other retirement funds). China and Japan each hold about one trillion dollars worth of US debt.
The reason we have a national debt is because our government "leadership" surrendered to the banking system its power to create money directly for the payment of public goods and services through the Federal Reserve Act and fractional reserve banking. The cost of this transfer is ~$1 trillion every year to the American public. But don't worry. The banks are doing a great job with the responsibility; that's why we collectively bailed them out with up to $12 trillion of our collective money from addictive gambling losses with no change in regulation. Sardonically, back to our story of national debt.
Why we can never pay the national debt: We won't and can't pay the national debt because it's too much money. The population of the US is ~300 million, dispersed among ~100 million households. That means the average household would have to pay $150,000 each. Given the average annual household income is $50,000, your share would vary proportionally. The national debt doesn't include TOTAL US debt, which is over $50 trillion. These numbers explain why our monetary system is called "debt-based."
The interest payment on this debt is over $400 billion, with risk certainty of being much more when historic low interest rates rise. That's  over $4,000 for the average household with $50,000 income, with your share varying. If your household earns $150,000, you're paying $1,000 every month on interest to the national debt. This is similar to the US choosing to pay only the interest on a credit card, then borrowing even more money to make the minimum payment on the principal while ever-increasing the total debt.
This debt-based monetary system is a Robber Baron-era structure created by banking oligarchs for their own benefit, not for the American public. The tragic-comedy of perpetuating such a system was well-expressed by Wright Patman, Representative in the U.S. Congress from 1929 to his death on March 7, 1976, and Chair of the House Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. This quote is from excerpts of September 29, 1941, as reported in the Congressional Record of the House of Representatives (pages 7582-7583):
“When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.” 
Another reason why we cannot pay the national debt when what we use as “money” is comprised of debt is that doing so destroys what we use for money. If that’s too mind-numbing, don’t worry: here’s the solution.
The elegant and obvious solution to ending the national debt: because a nation's government has the power to create money, do so. Instead of rolling-over the national debt as its individual securities come due and are redeemed (paying them by additional borrowing), just pay them with government created money. To avoid inflation, concurrently restrict the banking industry's fractional reserve power to inflate this money through lending by increasing their reserve requirement proportionally. The reserve requirement is the percentage of deposits they cannot create credit from when someone asks for a loan. This ends the debt while maintaining the money supply. The 8-minute video below will explain.
To maintain American's access to credit, we have three basic choices. One is privately-owned banks that lend long-term deposits directly and make fractional reserve banking and its multiplier effect illegal (see my brief for full explanation). The investors who purchased government securities will invest to meet lending demand because its a similar investment to government securities. Two: have a government-owned banking system, like how we manage fire departments on geographic need. The argument for this system is American's minimal borrowing costs and that the creation of credit is relatively simple. The advantage of non-profit lending rates would be mortgages of less than 1% interest. Three: a hybrid of private lending with perhaps government-sponsored 1% mortgages. BTW, current mortgages usually double the cost of buying a home, as you probably know. Given a choice, the public would prefer non-profit lending.
Many of our brightest historical minds have understood the insanity of a national debt and the obvious answer of government-created money rather than bank-created credit, from the writings of Benjamin Franklin and our Founding Fathers to Thomas Edison and today's members of Congress, notably Dennis Kucinich and Ron Paul.
The 8-minute video from The Money Masters at the column's top-left gets to the heart of this solution.
As always, please share this article with all who say they want to be competent citizens. If you appreciate my work, please subscribe by clicking under the article title (it's free).



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