An Executive Order to
restore The 'Full Faith and Credit of the United States'
[EO 13420] - proposed by the Italian NGO CSM,
November 1, 2006
In 2005 ADUSBEF, an NGO, won a lawsuit against the Bank of Italy about
the monetary rent (seigniorage) that must go to the people instead of
the partners of the banks that create this money out of thin air.
The Italian jurist who helped us in the lawsuit (Giacinto Auriti) died
recently at 84.
The cause was overturned by the Italian Supreme Court because of some
minor bureaucratic imprecision in the paper-work. In the meantime, the
governor of the Bank of Italy was removed. Anyway, it was an important
victory because the people discovered what it is the SEIGNIORAGE, a
feudal right, that was unlawfully taken over by the banks. By the way,
Mr Bukminster Fuller wrote
interesting things about the issue of money.
Below is the text of some interesting quotes:
"Ilya Prigogine has pointed out
that when a system is unstable, a single point of stability has
profound effects on the unstable system; it can rapidly catalyze
re-organization and higher order in the midst of unsuitability and
uncertainty. For example, putting a string into a super-saturated salt
solution will trigger crystal formation. Without that point to initiate
order, the components will remain random and the system unstable. We
can apply this to our present 'random and unstable' social and
environmental conditions, both within the United States and world
around. A comprehensive assessment of problems, and viable
alternatives, if widely shared can catalyze higher-order and global
We think this can be done by reforming the monetary system. The single
point of stability can be the redistribution of seigniorage and
elimination of interest/usury, more below.
"Just as a few cells can set-up a
resonant effect in the brain and order the activities of the
whole, so can a small group of individuals help create the coherence
and order to crystallize a wider transformation."
Resonance will help a lot. If President Bush write an Executive Order
to restore monetary sovereignty to the US government, instead of the
private FED, this example can be the attractor
and catalyst of a real *new
world order*, a good one.
The Catholic new Pope, Ratzinger, may agree with that plan [Dottrina Sociale della Chiesa]. Also
Prince Charles, with his interest in sustainability,
cannot disagree. Islam is interested in free-interest loans which are
mandated by the Quran. Jews
condemns usury: it is forbidden to pay interest even if
(because of devaluation of the currency) the value of the payment does
not exceed the principal, and it is rabbinically forbidden to repay the
full amount of a loan if the currency has increased in value [Yoreh De'ah, TORAH.org].
And, if restoring the monetary sovereignty to the
state/government give so much money-power to the elected ones, they can
abolish interest on loans because it is not needed anymore. Interests
are enforced to mask the real great gain from the power of issuing new
money at no cost. The minimum
fractional reserve requirement was in fact abolished in 1995, so
the money-multiplier is virtually zero - today. It is done mostly with the derivative scam.
We can learn to play an 'all win game' rather than an "I win-you lose,"
in mathematics this is called a "NASH Equilibrium," from the name of John Forbes Nash Jr. (game
theorist), former RAND employee who was secluded in Saint Elizabeth
Mental Hospital together with Ezra
Pound. Later, Nash won the Nobel prize on economics.
But let we explain THE PLAN-B
(Banks know about a possible B-Plan, they call it MORAL HAZARD)
The Plan-A is obvious.
They may want to use gold-backed money to restore faith in the
currency: the new AMERO
(north-american new currency for USA, Canada and Mexico), engineered by
the CFR, may be the first step for a global currency.
But this plan is discutable because the gold business is manipulated [see: GATA.org] and in
the hands of few: if you establish a currency on gold reserve,
you will become slave of the gold
business that is owned by the same old merchants of Chaos.
The plan-B is more subtle
(technically, a reversed 'currency
The US President can enact overnight an Executive Order [EO 13420] establishing:
- that each new FEDRES money (banknotes and sight deposits - i.e.
credit) that come into existence MUST be backed by STATE BILLS (state
- that each of the 50 States print those bills in proportion to their
quantity of people (demographic dimension);
- that the FEDERAL RESERVE has to take those bills as MANDATORY 100% RESERVE (i.e. those
bills are freezed, sterilized
in the economic-jargon);
- that the same must be done by each banks when they open new credit
lines (i.e. all the new monetary rents coming from new money, loans,
and credit goes to the 50 United States in proportion - as a seigniorage redistribution);
- the President can pretend - on the E.O. - that those measures are
needed to restore faith in the US DOLLAR (100% reserves in true
constitutional state bills/notes).
- the President establishes that in the case AMERO is adopted, the
AMERO-seigniorage will be shared proportionally among USA, Canada and
The President may use all his power, the new laws recently issued, the
special forces, the Homeland Security, etc., to assure that this E.O.
is enforced without any opposition by the money-masters. (the
co-conspirators cannot retaliate with the menace of using
atomic-weapons, because if you exterminate the human-race, there will
be no more banking at all...).
First effect: a 100 dollar banknote will cost to the tax-payer only a
fraction: no more public (national) debt. (be aware, the public debt
has to be renegotiated between the gov and the banking cartel on
Second effect: the people will still continue using FEDERAL RESERVE
notes, without any side effect to their day-to-day life. [only that:
taxes are no more necessary due to the great income coming from the
The same plan, soon or later, should be enacted in Europe with the
European Central Bank - else the people here will start to relocate and
working in the U.S. (or the AMERO Zone) due to the new very most
favorable economic conditions: no taxes, no more interest on loans,
Free Trade Zone, etc.
This plan of a Special Bush Executive
Order will give to the US an argument to a peaceful rule over
the rest of the world that is suffering under the old-bankers talon
(except for some exotic states that are yet doing seigniorage
Why this is a win-win game?
Because thus doing you can have an economic recover and the banks, in the aggregate, can gain the
same amount of money (maybe more) but honestly, as coming from
the increased turn-over of profits.
For any further information, please contact Marco Saba at:
From: "Richard Cook"
Subject: Re: Monetary Reform: Italian proposal
Wed, 02 May 2007
Thank you for your very kind message. Yes, I agree that restoring
sovereignty to the government would be a good measure. The existing
system with sovereignty ceded to the banks is terrible. And I also
agree that the monetary system must be the point of stability within
the chaos that now exists. However, I would also have to insist on the
regular payment of a cash dividend to all citizens as absolutely
necessary to restore balance between prices and purchasing power and to
establish and maintain real economic democracy.
All the best,
Emergency Program of Monetary
Reform for the United States - by Richard C. Cook, Global
Research, April 26, 2007)