Congresswoman Nydia M. Velazquez
BLASTAMILLION ACTION MEDIA
blastamillion@hotmail.com
The Bank of International Settlements, which seems to be the only institution that tracks the derivatives market, has recently reported that global outstanding derivatives have reached 1.14 quadrillion dollars: $548 Trillion in listed credit derivatives plus $596 trillion in notional/OTC derivatives.
Yes, that is Quadrillion. One and 12 zeroes!
"This victory alone is not the change we seek — it is only the chance for us to make that change."
HOW DO WE PAY FOR THE GENERAL ELECTION MANDATE OF THE AMERICAN PEOPLE?
Somebody asked the chief engineering officer of BEE, “POPLUV THE PAYGO” …”Is this just another APE idea?”
American Politrix Enterprise is alive and well. There is a civil unrest among the American people about the whole idea of change, as they see or perceive and believe, things are actually going the way of “spreading the wealth around” by the Obama Administration.
“JOBS! JOBS! JOBS!”... “NO WORKER LEFT BEHIND!”… “NO TAXPAYER LEFT BEHIND!”… “NO HOUSEHOLD LEFT BEHIND!”… “NO AMERICAN LEFT BEHIND!”… 304 MILLION AMERICAN PEOPLE STRIVING FOR A MORE PERFECT UNION…
“POPLUV THE PAYGO”
This is what needs to be said in response to the outrage over CHANGE – Change You Can Believe In! ... says the spokesperson from NESS – the National Economic Security Service. NESS is a non-partisan independent free enterprise estate trust of the American people, the free sovereign beneficiaries of a capitalist free market enterprise system.
What’s in a 5 syllable slogan that triggers instant economic stimulus or security income payments and derivative income payments from the Global Derivatives Market?
The Global Derivatives Market is a dollar-based financial trading market for central bank financial contract obligations. Derivatives are contracts derived from economic activity and leading economic indicators.
“POPLUV THE PAYGO” …is first a reminder of what time it is with the general circulation money supply… Create consumer demand for Federal Reserve Bank Notes to generate economic stimulus payments to American taxpayers and households, at least through the duration of the U.S. economic recession.
Once the economy shows signs of real GDP growth and job creation, consumer demand can be adjusted to generate economic security payments.
After all the outrage over how change is unfolding in America, the natural order of the universal law called CHANGE rules and takes advantage of “a teachable moment” of how to get things done in Washington, D.C.
The Democratic party as the super majority must enable the American taxpayers with the opportunity to profit from contributing there net earned income up to 100% in exchange for an economic stimulus payment equal to twice the amount of the net earned income contribution towards the national budget of the U.S. up to a maximum contribution of $5 trillion dollars in Federal Reserve Bank Notes.
This civil liberty already exists says the spokesperson from the National Economic Security Service (NESS). Two (2) free enterprise economic development models have been designed by BlackSunWheels Economic Engineering.
Both institutional economic enterprise models, the American Currency Board and the United States Currency Board are accessible by the American taxpayers and households to provide for the general welfare of the United States.
American business enterprises based in the United States can sponsor the United States Currency Board. The American Currency Board is exclusively for individual American taxpayers and households.
There are 50 billion financial unit shares of economic resources (fuser) immediately available to 138 million American taxpayers. 114.8 million American households in the U.S. are eligible for both – Economic Stimulus Payments and Derivative Income Payments from the Global Derivatives Market, a dollar-based financial trading market utilized by the Federal Reserve Bank to monetize credit lending transactions.
The Federal Reserve Bank Note is designed for the general circulation money supply – paper money for the demand deposits of M1. Liquid cash money instruments. ‘POP’ Public Obligation Paper; financial credit lending debt exchange units.
United States Dollar Funds includes coin and paper instruments. The currency board utilizes public laws enacted by Congress to effect risk-free, tax exempt, financial equity trading fund with fixed exchange rates that transforms the American taxpayers and households into a self-financing social order of economic production.
The U.S. economy will be changed into a self-financing "pay-as-you-go" consumption economy says, the spokesperson for BEE.
Every unit transaction in equity trading fund creates financial unit shares of economic resources – fuser, which is also called ‘LUV’ … Lawful Unit Value of U.S. Dollar Currency equal to United States Treasury Notes, readily available from TreasuryDirect.gov.
United States Treasury Notes are equal to the dollar face amount of minted silver and gold bullion coin; one ounce weight and content guaranteed and backed by the United States of America.
American Eagle Bullion Coin; one ounce silver and gold pieces – 1 Dollar face amount for Silver coin piece - .999 fine pure silver; 50 Dollar face amount for Gold coin piece - .999 fine pure gold.
The American Eagle Bullion Coin program is public law enacted by the United States Congress to pay revenues and profits through the U.S. Treasury Department towards the national budget and government debt obligations.
The American Eagle Bullion Coin program makes the currency board a government fiscal tool that shapes free market demand for Federal Reserve Bank Notes used in the production of United States Dollar Currency equal to United States Treasury Notes and based on the value of silver and gold bullion coin, says the spokesperson for BEE.
As for “T-H-E-PAYGO”? Simply risk-free and tax exempt income opportunity for the working class. The principles that effects a national unity founded upon TRUST – HOPE – ECONOMY; transparent “pay-as-you-go” balanced budget fiscal policy.
“POPLUV THE PAYGO” is how we pay for the General Election Mandate of American voters that want CHANGE. Financial stability and economic prosperity. This is the change the American people deserve.
So, my fellow Americans, after all the fussing, cussing, shouting, pouting, ranting and raving, ask the question - Who Wants To Be A Trillionaire? Smoke it over in your mind - contact esp_ness@hotmail.com to get more information about how we gonna really grind with the American Currency Board and the United States Currency Board.
social networking enterprises... engage.
There is the economic recession of 2007-2008…
And there is the United States Currency Board!
There is a new economic team and a new national security team. The U.S. Currency Board says POPLUV THE PAYGO TICKET for 5 dollars via PayPal.
POPLUV THE PAYGO…
BREAK THE LIQUIDITY TRAP.
RESTORE CONFIDENCE IN THE FINANCIAL SERVICE INDUSTRY.
DRIVE CONSUMPTION THROUGH FINANCIAL SERVICE INDUSTRY.
GENERATE CONSUMPTION TAX REVENUES FROM THE FINANCIAL SERVICE INDUSTRY.
RESTORE THE FUNCTIONAL QUALITIES OF CASH PAPER MONEY; U.S. DOLLAR FUNDS TRANSFER INTO LAWFUL UNIT VALUE OF U.S. DOLLAR CURRENCY EQUAL TO UNITED STATES TREASURY NOTES.
GUARANTEE THE STRENGTH OF THE UNITED STATES DOLLAR CURRENCY; MAINTAIN UNIT OF ACCOUNT, STANDARD OF DEFERRED PAYMENT, STORE VALUE BASED IN SILVER AND GOLD COIN; PRESERVE THE CONSUMER PURCHASE POWER; STABLE CONSUMER PRICES
STRENGTHEN DOLLAR BASED FINANCIAL MARKETS.
INCREASE AMOUNT OF DEMAND DEPOSITS IN LOCAL COMMUNITY BANKS.
DRIVE CONSUMER LENDING AND COMMUNITY REINVESTMENT LOANS FROM LOCAL COMMUNITY BANKING.
INCREASE PERSONAL PRODUCTIVITY AND TAX FREE EARNED INCOME DEVELOPMENT.
EXPAND THE CHARITABLE NOT-FOR-PROFIT HUMAN SERVICE INDUSTRY.
CREATE 50 MILLION JOBS TO SUPPLY DATA THAT SERVES THE PURPOSE OF LEADING ECONOMIC INDICATOR FOR CONSUMPTION GROSS DOMESTIC PRODUCT.
DRIVE CONSUMER DEMAND FOR TREASURYDIRECT.GOV.
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United States Currency Board of the American Working Class
OPEN OPPORTUNITY OPERATIONS ORGANIZATION
Free Enterprise Trust in Simple Estate:
The Mastermind Principal
P.O. Box 310077
Brooklyn, NY 11231
Local Community Bank: Exclusively for the United States Currency Board
Sovereign Bank
Lorraine Street Branch in Brooklyn, New York 11231
sovereignbank.com
1-877-sovbank
Routing Number: 231372691
Account Number: 0291146759 (Exclusively for the American Working Class)
The Mastermind Principal (TMP) is the exclusive sponsor of the my.barackobama.com group POPLUV THE PAYGO.
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The Open Opportunity Operations Organization is strictly for individual natural persons exclusively. No legal business entity of any kind is allowed to participate.
The currency board utilizes U.S. domestic incoming and outgoing bank to bank wire service.
The currency board does not accept international bank wire transfers.
The currency board only circulates U.S. funds; U.S. Bank notes; Federal Reserve Bank notes; U.S. legal tender issued by the U.S. Treasury Department; U.S. Public Obligation Paper.
The currency board accepts contributions in fixed dollar amounts of 150, 550, and 248 by domestic bank wire service.
Direct payments distributed to currency board contributors by trust executive administration management are fixed dollar amounts of 250, 1050, and 300 by domestic bank wire service.
It is mutually agreed contributors will only make contributions in fixed dollar amounts of earned income to the currency board for perpetual circulation in the base monetary supply of the United States economy.
The fixed dollar amount of direct payment's are lawful unit value of U.S. Dollar currency equal to U.S. Treasury notes.
The store value of a one dollar bill is equal to a one ounce Silver American Eagle Bullion Coin with the face value of one dollar.
The store value of a fifty dollar bill is equal to a one ounce Gold American Eagle Bullion Coin with the face value of fifty dollars.
Fixed dollar amount of contributions to the currency board includes a refundable trust executive administration management fee of 50 dollars.
Fixed dollar amount direct payments distributed by the currency board includes the refundable trust executive administration management fee of 50 dollars.
Domestic bank wire transfer cycle only takes several business days. The direct payment distribution cycle is 20 business days in a 30 day calendar month.
The currency board facilitates 50 single unit [contributions] transactions at a time. Once the trust executive administration management has completed and satisfied all transactions with direct payment distributions it will handle the next 50 single unit contributions.
Direct payment distributions by trust executive administration management is facilitated by the local community bank through the bank wire service. Direct payment distributions are bank wired to the local community bank the corresponding contribution was sent.
The currency board only has 50 million positions that individuals can work from. Individuals must register their legal full name, mailing address, and email address at esp.ness.contact@gmail.com
Wall Street Bull Monster for American Press Intelligence Service...
Just what the free market capitalist market system is supposed to do... develop self-correcting structures that enhance the dynamic functions and macro-economic efficiency.
Thats the United States Currency Board. Now is there going to be something similar for The Liberty Dollar... The Liberty Dollar Currency Board? Will it stop there? There are over 60 communities in the U.S. that have local money; alternative value based currency.
The Libery Dollar makes a good fit... Main Street Bear Maller what's going on?
Main Street Bear Maller with the ESP Guide...
The Liberty Dollar does make a good fit. But, just look at the tremendous excitement and opportunity the United States Currency Board already offers. Just remember the United States Currency Board is generating cash paper money for the global derivatives market... 516 TRILLION dollar FEDPOP Debt Exchange payment...
WHO WANTS TO BE A TRILLIONAIRE?
POPLUV THE PAYGO TICKETS AVAILABLE... 248 dollars of FEDPOP transfers into a direct payment from the currency board - - 300 dollars in lawful unit value (LUV) of United States Dollar Currency equal to United States Treasury notes.
{WALL STREET BULL MONSTER} FIXED TRANSFER FED NOTES FOR U.S. TREASURY NOTES... And they create 10 unit shares of Sovereignwealth Distribution Resource... thats treasurydirect.gov! How does that work?
{MAIN STREET BULL MONSTER} Not exactly! It creates 10 unit shares for the permanent money supply; the basic monetary supply of cash paper money like FEDPOP!
{WALL STREET BULL MONSTER} Because the Federal Reserve Bank is the principal institution for the dollar based global derivatives market and credit default swaps...
The United States Currency Board generates cash paper money in proportion to the credit debt lending of the Federal Reserve Bank; the central bank of the largest economy...
{MAIN STREET BULL MONSTER} all this was done to create another more reliable economic indicator for consumer demand...
{WALL STREET BULL MONSTER} and that's what they call it - - - Consumer Demand... Simple, the average person can understand and be directed accordingly.
{MAIN STREET BULL MONSTER} YES! ...this is the smart economic engineering that we were talking about earlier. Going forward there is a pulse on the United States Currency Board. The financial service industry...
{WALL STREET BULL MONSTER} which nearly all American enterprise businesses are dependent to operate the organization... This is the problem now... the Liquidity Trap!
{MAIN STREET BULL MONSTER} just out today, U.S. was in a recession since 12/2007... One whole year. It's official, we are in a recession that has been ongoing progressing worse and worse for one year... 12 months!
{WALL STREET BULL MONSTER} and many of the president-elect appointments to the economic team watched it happen... They seen the red blinking light sitting on the board of directors and collaborating with many of the executives that are panhandling for bailout money for the auto manufacturers. That's why the United States Currency Board was created...
{MAIN STREET BULL MONSTER} POPLUV THE PAYGO!
POPLUV THE PAYGO TICKETS:
10 dollars - - - create 10 unit shares for listing in Global American Market Express; Open Mark-it Operations Market.
Contribute 188 dollars of POP [Federal Reserve Bank notes] - - - this is a set of 7 pieces of POP; 1, 2, 5, 10, 20, 50, 100 = 188.
the 188 dollar contribution is to the currency board. It will transfer the Fed notes into lawful unit value of currency; U.S. Dollar Currency equal to U.S. Treasury notes.
the TEAM fee is 50 dollars. TEAM fee is refunded with the direct payment from the currency board.
the total bank wire amount is 248 dollars. the currency board will make a direct payment of 300 dollars United States Treasury notes.
COUNTRY FIRST. COMMONWEALTH OPERATED. COMMUNITY FOCUSED. CONSTITUTIONAL FOUNDATION. CONGRESSIONAL PROTECTION. COMMONLAW RULE. CAPITALISM PRINCIPLES. CONTINENTAL OUTREACH. COOPERATIVE OUTSOURCE. CREATIVE RESOURCE. CITIZEN APPROVED. CASH DEVELOPMENT. CONSUMER DEMAND.
POPLUV THE PAYGO Ticket information will break before 12 noon...
What kind of cash paper money you spending in pursuit of happiness living with liberty?
what is NORFED up to these days... United States Currency Board is the perfect fit as a strategic partner.
Wall Street Bull Monster -- no better way to break the liquidity trap
how do you deal with deflation price crisis? just recognize its a process the economy has to go through...
Dont forget the global derivatives market is putting big pressure on the fundamentals of the financial service sector...
It's no secret that there just aint enough pieces of paper to make the credit default swap payments...
FEDPOP just aint got no unit of account, no store value, no standard of deferred payment... its only a debt exchange bill; unit of debt exchange... earned income flows; contributions to the currency board will increase as the recession matures
POPLUV THE PAYGO... U.S. CURRENCY BOARD: keeping America's promise.
Wall Street Bull Monster - they said that the free market should be allowed to correct itself... now you have the currency board added to the Keynesian economic model
Main Street Bear Maller - this particular currency board model is designed by Blacksunwheel Technology and Infocom Technology... venture calpital project for new American Capitalism
Wall Street Bull Monster - this is more than economic recovery. its innovation. revolution. the United States economy just experienced a paradigm shift...
Main Street Bear Maller - forget about controling GDP... this is about the Green Economy Business... Global Recovery Economic Enterprise Development. Where do you see GDP for the U.S. in 2009?
Wall Street Bull Monster - 2008 recessed to about 14 trillion... throw in the U.S. Currency Board factor, 2009 could be around 15 trillion. 2010 through 2012? that's an outlook no body is ready to make a call on right now.
Main Street Bear Maller - president-elect has the mandate for massive economic stimulus... nation building; green economy building; global American solutions ... the consumer demand indicators just been improved
Wall Street Bull Monster - the consumer demand leading indicators will be one of the best ways the new economic team keep a pulse on the money supply generation of lawful unit value of currency; United States Dollar Currency
the primary function is to restore and maintain a strong dollar... That's what the currency board is supposed to do. cash flows into the dollar based markets of the U.S. will dramatically increase... massive stimulus package. That's where most of the world is going... U.S. government safe harbor. notes, bonds, government sponsored enterprises never looked so good.
Main Street Bear Maller - What consumer does not want more purchasing power? As the dollar strengthens - consumption returns big time... first there will be a big deflation crisis, but it probably will be short lived... No more than one year.
job losses from slowing economy is not a major concern of the currency board... Main mission, break the liquidity trap. restore confidence in the financial system. restore consumer confidence. jump start consumption.
POPLUV THE PAYGO!
Wall Street Bull Monster - POPLUV THE PAYGO tickets are available. details are coming out today before 12 noon. my.barackobama.com is where the information first drops...
Main Street Bear Maller - POPLUV THE PAYGO will be a title song sometime in the first 100 days of the 44th president and 111th session of congress assembled... just a another Change we need!
Times are tough. There are difficult months ahead. But we can renew our nation the same way that we have in the many years since Lincoln’s first Thanksgiving: by coming together to overcome adversity; by reaching for – and working for – new horizons of opportunity for all Americans. So this weekend – with one heart, and one voice, the American people can give thanks that a new and brighter day is yet to come.
President-elect Barack Obama, 11/27/2008
POPLUV THE PAYGO tickets available... Black Friday not over until its over.
Registration Campaign to fill up the 50 million positions in the currency board in full progress.
ECONOMIC SECURITY PRESS - IMMEDIATE RELEASE
National Economic Security Service reserved 5 million positions for law enforcement, security guards, military, college university students... send full name and mailing address; email address to esp.ness.contact@gmail.com
paralegals, notary public's, bank tellers, retail cashiers... 5 million positions were reserved for you to by the National Economic Security Service... send full name and mailing address; email address to esp.ness.contact@gmail.com
AMERICAN WORKING CLASS CURRENCY BOARD
OPEN OPPORTUNITY OPERATIONS SYSTEM
Local Community Bank: Exclusively for the American Working Class Currency Board
Account Number: 0291146759 (Exclusively for the American Working Class Currency Board)
This account has been structured exclusively for the Open Opportunity Operations of the American Working Class Currency Board. The Open Opportunity Operations is strictly for individual natural persons exclusively. No legal entity of any kind is allowed to participate.
Open Opportunity Operations are strictly domestic incoming and outgoing bank to bank wire transfer transactions. The currency board’s account does not accept international incoming and outgoing wire transfers. The currency board on circulates U.S. funds; U.S. Bank notes; Federal Reserve Bank notes; U.S. legal tender issued by the U.S. Treasury Department; U.S. Public Obligation Paper.
All contributions to the currency board are made to this account for the my.barackobama.com group POPLUV THE PAYGO.
This account only accepts contributions to the currency board for the fixed amounts of $150 and $550.
All fixed direct payments distributed by trust executive administration managers are derived from the contributions in the fixed amount of $150 and $550.
All direct payments distributed to contributors by trust executive administration managers are for the fixed amounts of $250 and $1050.
It is the mutual understanding by contributors that they can only make contributions in fixed amounts of $150 and $550 of earned income to the currency board for perpetual circulation in the base monetary supply for the United States economy.
For the fixed contribution amount of $150 there will be a distribution of a direct payment for the fixed amount of $250. The fixed dollar amount of the direct payment is deemed lawful unit value in U.S. currency that is equal to U.S. Treasury notes and represents a store value for a one dollar bill equal to a one ounce Silver American Eagle Bullion Coin with the face value of one dollar.
For the fixed contribution amount of $550 there will be a distribution of a direct payment for the fixed amount of $1050. The fixed dollar amount of the direct payment is deemed lawful unit value in U.S. currency that is equal to U.S. Treasury notes and represents a store value for a fifty dollar bill equal to a one ounce Gold American Eagle Bullion Coin with the face value of fifty dollars.
The fixed contribution amounts of $150 and $550 includes a refundable trust executive administration management fee of $50.
The fixed direct payments $250 and $1050 distributed by the trust executive administration management includes the refundable fee paid by the contributor.
The bank wire transfer cycle only takes a few days. The direct payment distribution cycle is 20 business days in a 30 day calendar month.
The currency board facilitates 50 single unit [contributors] transactions at a time. Once the trust executive administration management has completed and satisfied all transactions with direct payment distributions it will handle the next 50 single unit [contributors] transactions.
All direct payments are distributed by trust executive administration managers strictly to a local community bank by bank wire transfer. Direct payment distributions are bank wired to the local community bank the corresponding contribution was received from.
The currency board only has 50 million positions that individuals can work from. A person must be a member of the group POPLUV THE PAYGO; they must register their legal full name, mailing address, and email address at esp.ness.contact@hotmail.com; the person must pledge to complete single unit transactions and maintain a 50 unit Currency Board Activity Report; the person must pledge to accept pledge contributions and referrals from the my.barackobama.com group POPLUV THE PAYGO.
Guiding Principles of the American Working Class Currency Board
The working class currency board is more than a slogan - - - POPLUV THE PAYGO! There are six fundamental principles that bring together 50 million workers to achieve a definite purpose; jump start and drive the largest economy in the world: Love. Truth. Freedom. Peace. Justice. Mastermind… Coordination of knowledge and effort in the spirit of harmony between two or more people to attain a definite purpose.
The currency board will be 50 million strong with American workers. The currency board will restore confidence in the financial system. It will restore the functional qualities of currency to POP - - - “pieces of paper”; “public obligation paper” [Federal Reserve Bank notes; U.S. Banknotes].
More important it is what the working class currency board does for the economic model. It adds an entry level for jobs and free enterprise business creation. It adds another dynamic component that contributes to the economic security of the working class and another safe guard to sustain perpetual growth derived from consumption.
There is clearly a paradigm shift in consumption to a financial service that grows the monetary base that the banking sector needs to make credit loans.
The monetary based is expanded by the working class currency board. Tax revenues generated by the local community banks and Federal Reserve Bank will make a significant reduction in the national budget deficit and the national debt.
It translates into real growth in Gross Domestic Production and expansion of the money supply that American workers and small businesses are dependent upon. Small business development and expansion will add thousands of new jobs that pay good wages with health and retirement benefits.
Everything feeds into M2 and M3 to deal with the global derivatives market created by the Federal Reserve Bank; the central banking system. The working class currency board is a very clear indicator of economic activity; consumption.
Consumption will actually go up and be a larger more reliable measure of economic activity; as high as 85% of GDP, up from about 70%. There will be no real increase in inflation, but if there is it is off set by increased productivity and job creation. Unemployment will be significantly lowered as the currency board fills to capacity with 50 million people.
What about the economic stimulus package for the middle class? Is the TARP working yet?
And above all, I will ask you join in the work of remaking this nation the only way it’s been done in America for two-hundred and twenty-one years – block by block, brick by brick, calloused hand by calloused hand. – Barack Obama, Election Night 2008
The present economic crisis is the only argument needed to support Reason and Cause for the currency board for the American working Class.
It is structured to restore unit of account to the monetary base of the economy. Taxable revenues are generated by the local community bank sector and the Federal Reserve Bank. The currency board drives taxable revenues for the financial service sector of the economy.
This act by 50 million American workers will break the liquidity trap. The revenues generated for the banks will enable them to loan credit to the local community they service. The demand deposits will increase adding more liquidity to loan credit to the local community.
The general circulation money supply for the American working class becomes permanent and readily accessible via the currency board.
The currency board officially opened effective November 11, 2008. American workers can register through www.my.barackobama.com
Just Google the phrase slogan… “POPLUV THE PAYGO”
Join the group “POPLUV THE PAYGO” and receive additional information how to create jobs. The currency board is an instant job creator for the security service industry; the human service business industry; the not-for-profit charitable foundation industry.
“POPLUV THE PAYGO” promotes the currency board for the American working class. The currency board is structured with one or more free enterprise trust organizations in simple estate. The currency board offers a home-based business opportunity to the American working class to develop and expand the monetary base of the economy.
The currency board will drive local community-based community focused small business development that will employ more people; expand the human service business industry to employ more people that pay good wages with health and retirement benefits indexed to inflation and other cost of living indicators.
The act of 50 million American workers will wipe out unemployment. The currency board is structured for 50 million American workers. It is fixed. First come first serve. It’s an equal opportunity. That’s what free market capitalism is supposed to do… create competition.
This is the best way to grow the GDP; increase consumption tax revenues the PAYGO government services; build new productive components to the economy; grow work opportunities with good wages, health benefits, and retirement investments; create generational wealth for the American working class.
The American working class currency board ensures the 44th Presidency and the 111th Congressional Assembly will be enabled to do the nations business more efficiently. The economy will make a turn for the better before the last person joins the currency board.
50 million positions to POPLUV THE PAYGO... Will you be one of a thousand or one in 50 million!
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The American Working Class Currency Board
“We've made it this far because supporters like you never stopped believing in your power to bring about real change.”
President Elect Barack Obama 11/4/2008
The currency board is nothing new… Countries like Japan and China are doing it with our money - - - United States Treasuries.
In my opinion the Currency Board for the American Working Class was formed when the TARP and EESA were established by an Act of Congress. Now, the American people just need to join and participate in the structure(s) provided to effect the financial change we need in the economy.
The basic structure of the currency board for the American Working Class will generate liquidity to the community banking sector.
It is specifically designed for the liquid cash money supply called M1: narrow money – cash money of paper and coin, in general circulation of the United States economy.
U.S. Bank notes: Federal Reserve Notes issued by the Federal Reserve Bank [the central bank and the U.S. Department of the Treasury] are debt exchange bills in troubled assets – “debit” units of exchange. The banking industry was rescued by the American people and the currency board comprised of the American Working Class makes sure they get paid for their financial troubles.
Due to the economic crisis the currency board makes direct payments in lawful unit value of currency the American Working Class; registered participants that join the currency board.
The currency board’s primary function is to seized control of M1 of the U.S. economy; and restore the functional qualities of currency to U.S. Bank notes [Federal Reserve Notes] used by the working class – business owners, wage earners, investors, home owners, and retail consumers of food, utilities, gasoline, financial services, etc.
Federal Reserve Notes [U.S. Bank notes] are used to make credit loan debt payments against assets securitized by the broad money supply – M2 and M3. They are public obligation paper (POP); “debit” exchange units for the American people; cash money paper. They have no functional qualities of currency; they have no unit of account, no storage value, no standard of deferred payment because of the Wall Street criminal credit default swap enterprise conducted through the central banking system, the Federal Reserve Bank.
The highest best use of “debit” exchange units – public obligation paper (POP) – Federal Reserve Notes [U.S. Bank notes] is for the American working class to freely contribute them to the currency board; to grow and expand the narrow money supply – M1 – by the perpetual circulation in the bank wire system of the community bank sector. This act by the currency board [American people] will restore the functional qualities of currency to Federal Reserve Notes [U.S. Bank notes].
This is the primary fiscal monetary policy of the currency board; to facilitate the perpetual general circulation by bank wire of the liquid – cash money dollar paper bills – “debit” exchange units issued as Federal Reserve Notes [U.S. Bank notes] in the United States of America; will generate lawful unit value of currency.
The currency board utilizes all seven denominated paper bills [Federal Reserve Notes; U.S. Bank notes] to facilitate perpetual circulation of the cash money supply to benefit the American people [working class] and the U.S. economy:
Congressionally authorized American Eagle Bullion coins program was launched in 1986 by the U.S. Mint of the U.S. Department of the Treasury. The specific purpose of the program is to pay the national debt.
Store value; consumer purchasing power of cash money is restored by the following act by the currency board for the American Working Class:
All profits and paper gains from the circulation of public obligation paper will be used by the currency board through the U.S. Department of the Treasury to PayGO the national budget up to $5 Trillion; the U.S. government budget deficit up to $3 Trillion; the national debt up to $15 Trillion; the trade deficit up to $5 Trillion; the economic policy of the President of the United States of America in Congress Assembled: $1 Trillion or more [Economic Security Plan for the American Working Class].
Furthermore, the currency board is dedicated to purchasing U.S. government treasuries and investing in government sponsored entities; and publicly traded companies through direct reinvestment programs. This act by the currency board will restore a standard of deferred payment to the narrow money supply in the U.S. economy.
The currency board serves the working class in America. The American people earn shareholder distribution rights (SDR) when they participate in the perpetual general circulation of Federal Reserve Notes [U.S. Bank notes] by bank wire through the community banking sector.
One contribution of 188 dollars earns one direct payment of $200 USD in lawful unit value of currency from the currency board [the sum total of all seven denominations of cash paper exchange bills [U.S. Bank notes]- “debit” exchange units issued for general circulation by the Federal Reserve Bank: 1 dollar bill + 2 dollar bill + 5 dollar bill + 10 dollar bill + 20 dollar bill + 50 dollar bill + 100 dollar bill equals 188 dollars earns a direct payment of $200 USD in lawful unit value of currency which is equal to one shareholder distribution right (SDR) to US dollar currency of lawful unit value].
The contribution of one direct income payment (the sum total of paper exchange bills – U.S. legal tender: public obligation paper – equal to 200 dollars) earns one shareholder distribution right (SDR) equal to $250 USD in lawful unit value of currency.
The currency board uses a simple contribution structure to finance the U.S. government. It is commonly called PayGO. The currency board contributes one piece of paper for one direct payment of lawful unit value of currency.
The currency board utilizes all seven denominated paper bills [Federal Reserve Notes; U.S. Bank notes] in the general circulation for the PayGO contribution system.
The currency board uses the following standard direct payment for the PayGO contribution system in unit multiples of 1, 2, 5, 10, 20, 50, 100 per SDR:
Local Community Bank Information: Exclusively for the American Working Class Currency Board
Open Opportunity Operations are strictly domestic incoming and outgoing bank to bank wire transfer transactions. The currency board’s account does not accept international incoming and outgoing wire transfers. The currency board only circulates U.S. funds; U.S. Bank notes; Federal Reserve Bank notes; U.S. legal tender issued by the U.S. Treasury Department; U.S. Public Obligation Paper.
