070 DSR – The Secret of Debt Elimination

December 8, 2012 — Leave a comment

dollar

There’s a secret The US gov’t doesn’t want you to know. The Federal Reserve dreads your understanding this powerful truth. Why? Because once you know the truth and stop playing their rigged game, these people in control lose. And you get your freedom and power back.

When you realize Congress can lend money interest free, you’ll scratch your head. They don’t want to do that for one simple reason. If they loan it interest free to the people, The Federal Reserve is out of business. Congress spends more and more money each year and grows the size, power, and control of government.

In order to do that each year without raising your taxes, they borrow it from The Federal Reserve Bank. Every time you borrow money you automatically create more money that doesn’t exist in the interest you have to pay. This is inflation on crack. You are, unknowingly, making the problem worse when you borrow money.

Imagine borrowing $100k to buy a house and paying back $100k, no interest. The interest on a $100k mortgage loan can be as much as twice the loan amount. So you’re paying for two houses, but you only get one. Imagine paying no interest and paying your house off in half the time!

But what if The Federal Reserve is no longer around? Won’t The US economy collapse? No. How do I know that? The Federal Reserve didn’t exist prior to 1913 and we were doing just fine without them. The US government collected federal taxes from imports and a few consumption taxes.

Fact: In 1913 The Federal Reserve Act became law.
Fact: In 1913 The Internal Revenue Service created form 1040, US Individual Income Tax Return.

Are the above two events a coincidence? Of course not. Congress started borrowing money from The Federal Reserve Bank the same year Congress started collecting income tax from you so they could make their monthly payments, plus interest!

The secret of government debt elimination is simple. Congress must stop borrowing money from The Federal Reserve Bank. The secret of debt elimination for you is simple. Stop borrowing money from The Federal Reserve Bank. All the money is coming from the same place.

The secret to debt elimination is simple:
STOP BORROWING MONEY

The fiscal cliff we need to avoid is our own incorrect thinking and ignorance about money. You are the revolution.

Resources:
The Creature from Jekyll Island: A Second Look at the Federal Reserve

Common Cents: A Retiring Six-Term Congressman Reveals How Congress Really Works-And What We Must Do to Fix It

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

2012 Copyright – Debt Shepherd – All Rights Reserved

Greg Whitaker

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Greg is a financial wellness educator, tireless ambassador for financial literacy, and the founder of Debt Shepherd.

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