going off the cliff? Remember the magic feather - debt repudiation

[oldickeastman]

 

Here is what we must do.

 

 The deflationary cliff will not be averted.  There is going to be an economic crisis far worse than any depression in our history.  A contraction beyond the limits of system's resilience  -- and this is intended.   The only way out is for the people to stand up all together and announce as one people -- in all of our skin colors, in all of our religions, in all of our creeds and economic and social stations in life  -- and declare that Congress has failed us in a life and death issue, they have sided with organized crime against us.  The people  -- a unified public opinion solidily agreed and solidly committed to stand with each other in insisting that a government of treason that leads us into a fatal trap no longer deserves the obedience of the people, but rather the people have a duty to each other to see to it that the debt is repudiated, that the money robbed by the financial sector be replenished in every household through a national "thin-air" household dividend that will reflate purchasing power in an economy now in a fatal deflationary tail spin.  That this money will be created debt-free and will not have to be paid back by those receiving it.  This money will, like the Lincoln greenbacks used at the beginning of the American Civil War will circulate permanently  and will be replenished with regular additions of new household dividend social credit as the need may arise.  Following that measure the states will call a national convention to amend  -- not replace  -- the constitution to disestablish the present monetary and credit arrangements now in the hands of organized crime.   This must be done  -- and we must all be agreed that there is no other way.  Those who understand the situation have an obligation to inform all who do not.  We cannot allow the enemy to divide us with a thousand plans  - for if that happens we have no chance of acting together and setting things right.