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The All Inclusive Solution.The Federal Reserve Bank of America.

December 9, 2011
 
The All Inclusive Solution.The Federal Reserve Bank of America.

AMEND THE FEDERAL RESERVE CHARTER; TURN THE FED RESERVE INTO THE FEDERAL RESERVE  BANK OF AMERICA,RESTORE MONETARY POWER BACK TO THE PEOPLE !

It is easier to replace something if you have already chosen its replacement:

As Thomas Jefferson said,”I believe that banking institutions are more dangerous to our liberties than standing armies.If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power (of currency) should be taken from the banks and restored to the people,to whom it properly belongs,”

“THE ALL INCLUSIVE SOLUTION. THE FEDERAL RESERVE BANK OF AMERICA” (www.justaluckyfool.wordpress.com)
 
HOW DO YOU EAT A 80 TRILLION CALORIE ($)  SANDWICH?
ANSWER:ONE BITE AT A TIME.
**Please this is a little lengthy,but worth one bite at a time**
 
THE SANDWICH :
“We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”
This is our Preamble to the US Constitution and it is  being challenged .
If it were possible to sum up the single greatest flaw to the American form of its democratic capitalism ,it  would  be :It allows for the “most powerful force in the universe”… to quote Einstein,” compound interest” to be used against that democracy.
This “most powerful force”  is being used only for the enrichment of a few (1%)  and the servitude of all others (99%).
The lender becomes the owner of all  the money based upon the act of compounding at any rate within a long period of time.The present system has to change .
 Private banks are lenders to the taxpayers who become borrowers. They are allowed to charge interest to taxpayers for the use of their own money.
They are allowed to “create money” by fractionation of money on hand and use that
newly created money to gain more money. A cycle that commands total money control or it must bust. The real kicker is that the borrower by today’s system guarantees the lender they will not lose their money by covering any of their losses. The taxpayers are guarantors of their own servitude !
THE SOLUTION:
ONE OF TWO.
The Federal RESERVE Bank of America,the melting pot for Federal Reserve.,FDIC,FHFA,and the GSE’s.
AMEND THE FEDERAL RESERVE CHARTER making it a people’s owned bank.
THE SOLUTION:
TWO OF TWO,
Adam Smith’s “Invisible Hand” guided by Martin Gruenberg (Chairman FDIC) with  a nod from Sheila Blair (former FDIC head,presently justaluckyfools’ hope for president 2012.)and Edward DeMarco (FHFA) with a nod from Brooksley Born (former head of (CFTC) can restore the American financial system,and put America on the road to prosperity.As a settlement to the legal actions brought against banks, both the FDIC and FHFA can agreed to the banks insolvency ,they would place these banks into  receivership! (11-01-11. This could read JPM Chase,or both BAC and JPMC.,but I am hopeing that BAC gets “thrown under the bus” ,OR ANY AND ALL BANKS ,as all banks should be placed in receivership that are insolvent. ) THE BANKS IN RECEIVERSHIP are  to be placed along with Freddie,Frannie, Ginnie and Sallie,along with the FDIC, and FHFA, and the Federal Reserve into one new agency; “The Federal RESERVE Bank of America”(FRBA).
TWO:All loans by any financial institution must be backed with 100% reserves.No more fractional reserve banking.
RESULT:The Federal Reserve will no longer be needed as its mandate will be passed on to THE FEDERAL RESERVE  BANK OF AMERICA. Also the FDIC and FHFA as their mandates will no longer be required. Private banks will have to get their own insurance .
THE FEDERAL BANK OF AMERICA (FBA) will be a fully taxpayer owned bank and by law must be FULLY TRANSPARENT.
. It will be operated by the people,of the people and for the people.
THE FEDERAL RESERVE  BANK OF AMERICA will be the source for the American borrower to acquire funds and the interest paid shall be revenue income for the funding of their government.
The first order of business will be securing of all deposits as allowed by the FDIC and the selling of these deposits to private banks along with all assets with the exception of any and all loans. All loans are to be retained by FRBA , as well as all offices and buildings as they will provide the brick and mortar for the new agency.
The shortfall,the amount of money needed to restore the loans to Fair Market Value could exceed $10 trillion. This includes the most recent transactions in derivatives and other market ventures,which an audit may show that are in an amount of over $80 trillion (That’s only Bank of America’s portion).Worldwide it is said to be more than $800 trillion,imagine a 10% loss;$80 trillion!.
THE FEDERAL BANK OF AMERICA
The Federal Bank of America will be the maker of all loans,not guarantee them for others, they will be the maker of these loans and will retain all profits. Profits which by law will be turned over to the US Treasury,as funds for Congress for government expensive’s.
The Federal Reserve Bank of America:
-Will no longer allow the paying of interest for the use of its own money.
-Will not take deposits from anyone other then the US Treasury.
-Will not be involved in any financial investment services.
The Federal Bank of America will be the sole lender of legal tender. Any financial institution that wishes to loan American Dollars must acquire any legal tender that it may need from the Federal Reserve Bank of America,as all loans must be backed with a 100% reserve (Either dollars on hand or borrowed from the FRBA)
The Federal Reserve Bank of America may raise or lower rates of interest to insure the quality and quantity of the American Dollar.
The Federal Bank of America shall be funded by the US Treasury which shall as mandated by Congress request the US Mint to produce a platinum “coin” with a DOLLAR VALUE of $100 TRILLION.This value will be electronically deposited to the account of the American people into the Federal Bank of America. The actual “coin” will be placed on display next to the US CONSTITUTION as it really has not practical value other than one that is symbolic..
The board of directors shall be selected by a non-partisan vote. ONE SHARE,ONE VOTE,ONE CITIZEN.
THE SOLUTION:THE FEDERAL  RESERVE  BANK OF AMERICA .
FBA will purchase ALL residential and commercial loans outstanding at Fair Market Value.
Any private lender may retain any loan it has by simply showing 100% reserve. The American people will be the lenders and no longer will they be the victims of private greed.No longer will they allow the banks that they have entrusted with their money to use that money to make profits for themselves .Profits will be made by the people,of the people, for the people. Taxpayers bailout for Taxpayers by Taxpayers paying compounded interest to Taxpayers . These loans would provide trillions of dollars as TAXPAYER PROFIT (REVENUE)! Compound interest will cause any amount to double over a certain period of time.(Rule of 72). A 4% compound yearly interest rate will double the base amount in 18 years. The taxpayers will be the direct lender and make the profit (interest).This doubling alone will provide an enormous income stream. If loans are made for $100 trillion,the incoming payments would exceed $5 trillion a year. What a magnificent way to fund a government. Pay off all old debt and never need to go in debt again because we the people would demand that there be a reserve.
As Einstein said,“Make it simple.”
TERMINATE THE STUPID PRACTICE OF PAYING INTEREST ON OUR OWN MONEY TO PRIVATE BANKS .A PRACTICE THAT CAN ONLY END WITH A FINANCIAL BUST,AND SERVITUDE !
State Banks are taxpayer owned and are for taxpayers to make and retain any profit. The Federal Reserve Bank as it stands now is a bank that is owned (shareholders) by other banks. This is the greatest banker fraud of all,and we know how Freddie and Fannie turned out.No more GSE’s. And because the Federal Reserve Bank is the bankers bank,they are using taxpayers dollars to HELP THEIR BANKS more than to help people. When the banks made federal guaranteed loans,the FEDS guaranteed the loans with taxpayer dollars. Now they are supplying the banks with almost free money. This is exactly what we the people should do-become the owners of our money,the owners of the fruits of our labors.
The next wave of stuff that will hit the fan may be the “CRISIS in the derivatives market” if you think stuff was “too big to fail” before,join me in sleepless nights knowing the derivatives market is more than $800 trillion ! ! That’s $800,000,000,000,000 !
Read: “Web of Debt” written by Ellen Brown ( Ellen Brown ,she turns her skills to an analysis of the Federal Reserve and “the money trust.” She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back).
Read: A state owned bank,The Bank of North Dakota makes and retains profit for its owners-the taxpayers of the state. The State Bank of ND’s Return on Investment to taxpayers was 19% this year.(Google “State owned bank THE BANK OF NORTH DAKOTA)
Could you imagine the profit (read income revenue) The Federal Bank of America would make? Taxpayers paying interest as revenue income for the taxpayers government.
Put the insolvent banks in receivership.
The next set of banks that are to go into receivership by the FDIC are to have all assets that are not loans sold off.(read just in case Bank of America is “too big to fail” or read just in case JPMC and CITI refuse to sell them out.).FDIC will sell all assets ( minus loans) and keep the offices and all its branches.The renamed bank will be called “THE FEDERAL BANK OF AMERICA . It will be funded by the US TREASURY.
The Federal Bank of AMERICA will replace the Federal Reserve and will be mandated to preserve the quantity and quality of the US Dollar and to provide Congress with funding for the general welfare,life,liberty and the pursuit of happiness
Just like that ,we the people may just have solved our
… financial crisis  (read loan the financial institutions the money to unwind their derivatives to 100% asset based with a rate of 3% for 6 years.) ,
…  housing crisis (read modify loans at fair market value with a rate of 4% for 72 years.Very low and affordable payments.),
….,monetary crisis (read pay off our debt at a rate of 10% or 10 equal payments per year,by using the income generated by The Federal Reserve Bank of America’s interest (revenue) bearing loans.
WE NEED TO CHANGE THE PRESENT SYSTEM AND START  ON THE PATH OF A GREATER PROSPERITY.
SOLUTION TO FINANCIAL,HOUSING, MONETARY CRISIS AND CREATION OF MILLIONS OF JOBS (READ BUSINESS LOANS MADE AT 2% FOR 6 YEARS with no payment due till 1 year anniversary date.) IMMEDIATELY AT NO COST TO THE TAXPAYERS;RATHER AT A PROFIT (READ INCOME) TO THE TAXPAYERS.
THE FEDERAL RESERVE  BANK OF AMERICA would be the only legal tender provider for all residential and commercial real estate loans,private personal and business loans.It would have branches in every state and territory.The FRBA shall control the money supply by setting terms and conditions for the loans,thereby fulfilling their mandate to control inflation,deflation,and stagnation. .Affordable loans at low rates and longer terms ( 2011 Private loans would be at 4% for 72 years as rates will be changed depending upon economic conditions .2011 Business loans would be at 2% for 6 (six) years with no payments for the first year.)This would create at least 4 million jobs immediately and may even reduce the unemployment to under 4% within that year by creating the jobs and homes and products needed for this new prosperity that would be a result of this new monetary policy.
The Federal Reserve Bank of AMERICA will replace the Federal Reserve and will be mandated to preserve the quantity and quality of the US Dollar and to provide Congress with funding for the general welfare,life,liberty and the pursuit of happiness
AMERICAN GOLD.
The American Dollar will be based upon THE AMERICAN TREASURE (“ITS GOLD”) !
That is the full faith and credit of the American people backed up by the US Constitution and all assets physical and intellectual.
 Americans shall and will pay all debts,foreign and domestic. The American people have tremendously more assets then the worlds gold. Why would we limit our future to only a single metal ?We have all the elements as assets that are greater and in more abundance than gold and intellectual assets that are limitless,why trade them for such a finite amount of gold,gold that is already owned by others?
We the people will create millions of jobs with commercial loans that will insure positive growth and employment.
We the people will have special terms and conditions for student loans that will insure the educational growth of all Americans .Extremely low rates, only used to cover losses. (read Ellen Brown”QE4- Jubelee”’ ).
Ben Franklin,Thomas Jefferson,and many more used this method ,the lending of taxpayers money , to start the colonies on the road to financial success. Then the lender banks took it away from the people by having legislators replace the practice allowing them to make the loans (make our money) and keep the interest for themselves,and at the same time guarantee that they the lenders get paid. We the people will no longer pay interest for the use of our own money,or guarantee lenders that they will be paid interest on our money for making loans.
To insure the funding of this great society and insure prosperity there would be three streams of income.
THE FIRST INCOME STREAM:
1. REVENUE (INTEREST) FROM DOLLAR LOANS.
Lets use a start figure of $51 trillion in loans,that which is already in circulation.(guesstimate,hope it is more)It will go on the balance sheet as $51 trillion loan assets. This asset will double every 18 years….1 X 18 = 102 trillion,2 X 18 =204 trillion. Banks will be the only source for deposits and savings. Banks will no longer be allowed to do fractional banking . All loans will require 100% deposit backing. Banks may borrow from The Federal Reserve Bank of the United States of America (HOPE THEY NEED ANOTHER $51 TRILLION) and use that borrowed money for their own account for their own investing;at the prevailing rate and terms. NO MORE FREE RIDE !( Some say they may need over $200 trillion to unwind their derivatives.)
Good-bye income taxes as they are known today.
The Return on Investment could be $3 to $5 trillion a year. US TREASURY INCOME to be used to pay off debt,promote the general welfare .
Good-bye income taxes as they are known today.
THE SECOND INCOME STREAM:
2. A one line form, INCOME TAX :” 0-10-20 -25″ . Annual income of up to $75,000,pays 0% taxes .Annual income of $75,001 up to $750,000 pays 10% taxes .Annual income over $750,000 up to $2,000,000 pays 20%,and the last category ;annual income over $2,000,000 pays 25%.There will be no need for any value added tax or consumer or sales tax.
THE THIRD INCOME STREAM:
3. A business tax.The business tax is also a one line item; ALL profit over a deduction of $100,000 per employee is taxed at 20%.
THREE INCOME STREAMS:
1-FEDERAL BANK LOANS:Taxpayers people and “people”(read corporations) paying interest
2-PERSONAL INCOME TAX: 0-10-20-25
3-BUSINESS PROFIT TAX: Profit @ 20% minus employees X $100,000
THESE THREE WOULD AVERAGE OVER $5 TRILLION DOLLARS A YEAR.
We the people would demand the debt be paid off ,end the possible servitude of our heirs.
We the people would demand a balanced budget.
We the people would demand a real monetary reserve be left in THE FB of A.
We the people would demand the general welfare,life,liberty,pursuit of happiness
FOR ALL THE PEOPLE.
CAUTION: They will try FEAR tactics to keep US away from our rights. Remember ,”We have nothing to fear but fear itself”
They will use the fear producing words,”inflation, hyperinflation, stagnation”.
You can answer with the words,”I will not be enslaved by the most powerful force in the universe because we the people can use that most powerful force for the betterment of mankind and prosperity.”
We the people can use that “most powerful force in the universe to control inflation,hyperinflation and stagnation ! !
“We the people will deal with the present possible economic tsunami,one tidal wave at a time .
We will eat this crisis -ONE BITE AT A TIME”
PERHAPS,WE NEED A MILLION CITIZEN MARCH ON WASHINGTON ORGANIZED FOR JUNE 2012 .
-WE NEED:
TO CHANGE OUR ELECTED CHOICES!
TO GET OUR CANDIDATES IN OFFICE!
TO GET THOSE ELECTED TO OFFICE AGREE TO THE ONE MOST IMPORTANT ITEM OF CHANGE;THEY WILL ENDORSE THE “AMEND THE FEDERAL RESERVE CHARTER”.
May God  continue to bless America,
justaluckyfool@aol “Anyone who attempts to predict the future is a fool;if correct justaluckyfool.”
 
 N.B.,This article contains no original material and has no copywrite.It is a compilation of thoughts and ideas that are on the internet.Please post
Please edit,change,challenge,then endorse and post.

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