ODIOUS DEBT MAY BE WRITTEN OFF BY THE AMERICAN TAXPAYER

Blanket Immunity For American Taxpayers… A Plan to Dismantle Debt Lawfully

http://www.veteranstoday.com/2013/08/27/blanket-immunity-for-american-taxpayers-a-plan-to-dismantle-debt-lawfully/

Veterans Today – Marilyn MacGruder Barnewall – 8/27/2013

Marilyn Barnewall's long article explains, since the Federal Reserve has never been Constitutional but continues to incur 'odious debt' not on behalf of the American taxpayer, that the debt may be written off.  Please read the entire article to better understand the excerpts below.

As I understand what is said in this well researched article, “…if a government becomes despotic and incurs debt not for the needs or in the interest of the State but to strengthen its despotic regime, to repress the population that fights against it,” it sounds to me like all of the quantitative easing from TARP to TALF to the multi-trillion dollar loans made by the Federal Reserve System to Wall Street investment banks and international banks (as well as corporations — $16 trillion alone in 2011), can be considered “odious debt” and stricken from the books – and the backs – of the American (and French, and German, and British, and Greek, and Italian, and Spanish) people.



What the Doctrine of Odious Debt makes quite clear is that a lie has been forced upon the majority of the world’s population by oligarchic élites. They like the concept of a two-class system with them as the elitists, running things, while the rest of us who used to be middle class are shoved into the labor class forced into careers they, not we, decide are best for us.



The question, then, becomes: What debts are “odious” or “immoral,” and which are not? What is an illegitimate debt? President Correa related the Ecuadorian “immoral debt” to violations of that nation’s Constitution. If the Tea Party and Liberty Action Groups have any understanding of the significance of what is being said here, they will find access to constitutional legal and accounting expertise that can answer the question: What debts are odious or immoral? Which debts are not?

In America, we can look at mortgage-backed derivatives and millions of unlawful foreclosures and costing the people trillions of dollars to immediately identify trillions of dollars of property value and profits by banks that can be defined no way other than immoral. Well, perhaps unlawful, too. These debts and the government funds loaned to the banksters that created them and who got bailed out by additional funds from taxes on American citizens can probably make the best claim of “immoral” or “odious” debt of any citizens in the world.

What else might represent “immoral debt?”




As anyone who is familiar with the history of the Federal Reserve Act of 1913 knows, this procedure was not followed. Instead, politicians who supported the concept of a central bank (which America had only briefly on two occasions until 1913) let their opponents go home for Christmas on December 23rd and proceeded to pass this Act unconstitutionally. The Congress cannot, under its own limited power, change the Constitution of the United States. The Federal Reserve Act of 1913 and the banking system that evolved from it have never been constitutional.

Foreign nations should be aware: You may be doing business with an unlawful Corporation if you’re doing business within the Federal Reserve System. The Federal Reserve System continues to be in violation of the US Constitution and not qualified to create debt in the name of the people of the United States of America… the debt of the Fed being thus “immoral” or “odious.” That means it may be debt we, the citizens of this Great Nation, can write off



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