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Bail-out or Build-out?
As Washington and Wall Street dicker over a financial rescue plan, everyone is missing the real opportunity to fix the problem. Some see the variously proposed plans as bailouts of dumb borrowers and dumber lenders, while others view it as a chance to restore liquidity to the marketplace so we can all have access to credit again, whether it's for student loans or to finance the acquisition of industrial machinery.
But when the "Great Depression" struck America more than 70 years ago, we didn't just make more money available and hope people would borrow it to jump start the economy. President Roosevelt put us back to work, building bridges, highways, schools, and water projects. All of that infrastructure has served us well over the years, although at the time it must have looked like a lot of pork barrel spending designed to keep workers off of street corners and out of soup kitchens. What if we could do something like that again, but this time, make it a build-out that had fantastic economic, environmental, and social return on the invested capital?
In 2003, President Bush spoke about hydrogen cars in his State of the Union address. Shortly thereafter, the American Petroleum Institute (API) warned that building a hydrogen fueling infrastructure that could reach all Americans would cost $140 billion. Although I'm sure the API had no reason to use scare tactics and biased estimates (well, OK, maybe I'm not THAT sure), let's assume that's an accurate figure.
If we built those fueling stations, we would also need vehicles that run on hydrogen. It takes about $5,000 to retrofit a car or truck to run on hydrogen. Yup, almost any car or truck (or bus or train for that matter) that currently runs on gasoline or diesel fuel will also run on hydrogen gas. It's not the most efficient use of hydrogen (a fuel cell, which converts hydrogen to electricity and thereby powers an electric motor in an all-electric car is far more efficient), but anything is more efficient than digging oil out of the ground and making it into transportation fuel. Let's say we convert 50 million cars and trucks nationwide to run on hydrogen - - that's $250 billion more.
So for just under $400 billion, we could eliminate the need for all of the oil we now import (and a lot of the domestic supply for that matter). We would have given tens of thousands of Americans jobs in the design, building, and servicing of hydrogen fueling stations; and tens of thousands more would be working in the new retrofit business. Detroit could now start making new hydrogen powered cars, knowing that the marketplace accepts these products, so we would simultaneously revitalize our domestic auto industry.
We could recoup 100% of this investment when retailers sell hydrogen fuel with a few cents per unit sales tax, just like the gasoline tax. But we would recoup it even faster with the payroll and business taxes generated from all of the new employment and businesses created with this program.
So there you have it - - a domestic jobs program that will kick the oil addiction, solve global warming, create new industries and jobs that can't be outsourced to India or China, eliminate billions in annual subsidies to oil companies and billions more that we now spend on defense costs to protect our oil supply. For half what we will spend on Wall Street and 20% of what we have spent securing oil in Iraq so far, we will have social, economic and environmental prosperity for as far as the eye can see.
This build-out sounds crazy at first blush until you realize that we already produce 3 trillion cubic feet of hydrogen in America every year, but use the majority of that to strip sulfur from petroleum to make gasoline instead of just putting the hydrogen right into our cars. How crazy is that?! No, make no mistake, we can do this and reap all of the benefits.
Now if we just had another Roosevelt around to get us started...
Plug In Electric Vehicles Vs. Hydrogen
Why not just use The infrastructure thats already there (the electric grid)? Have the government back this technology, by financing the manufacture of efficient batteries that all of us can use. Give grants to the Manufacturers (like Tesla)to give us a reasonably priced auto that uses NO OIL OR HYDROGEN. Not one grant for electric vehicle manufacture this year. Why??? Who paid to keep it unfunded? Maybe big oil and the major auto companies?
Electric vehicles will be
Electric vehicles will be good for some people who don't mind 4 to 6 hour recharges. Also, if you don't mind traveling only 100 to 180 miles on a road trip, then an EV might just be for you. Also, most of the electricity for EV's right now is generated from coal so this isn't as clean as it seems.
Hydrogen cars on the other hand can have the H2 produced from the grid OR from renewable resources such as wind, solar,geothermal and hydropower. Toyota recently reported that their SUV FCV had a range of over 500 miles running on compressed hydrogen gas. And, a hydrogen car only takes 5 minutes to fill up at the fueling station.
Bail Out or Build Out
You missed an important point here. This time, this economic debacle was created by very greedy people, mostly leadership of companies who bought bad loans and sold them under the guise of "guaranteeing them to banks and others who trusted these big name firms. And now, due to this, and other things admittedly, we have the worst economic condition in history that has impacted the world.
We can't build any program if we have no credit and no money. There is not enough ink in the Treasure press to help us out quickly. We need to confiscate the huge bonuses and retirement parachutes of these unscrupulous individuals and put that as the funding for a new tomorrow.
And, we need to create NON-partisan laws to make these actions a federal law.
Economic Law Alternative to " Failed Bailout"
www.nesara.us
N.E.S.A.R.A.- N.ational E.conomic S.ecurity A.nd R.eformation A.ct
NESARA initiates PEACE IMMEDIATELY and
1. Restores Constitutional Law in America as of NESARA’s public announcement.
2. Removes US administration officials and all members of the US Congress from their positions due to their continuous unconstitutional actions. Bush, Cheney, Cabinet members, and all members of Congress are immediately removed from office by NESARA’s public announcement; specific law enforcement personnel shall physically remove Bush government officials from their offices. These removals allow a fresh start at the national level. Using the Constitutional Line of Succession, NESARA installs Constitutionally acceptable NESARA President and Vice President Designates until new federal elections can take place within six months after NESARA’s announcement.
3. Because NESARA abolishes unconstitutional states of emergency, NESARA’s public announcement declares “peace”. US military in Iraq and Afghanistan are immediately recalled to the USA.
4. As partial remedy for 90 years of government and banking fraud, NESARA requires zeroing out of credit card balances and bank debt relief be given to Americans.
5. Initiates the US Treasury Bank System with new U.S. Treasury currency backed by gold. The Federal Reserve is abolished; Federal Reserve facilities and most personnel are absorbed into the US Treasury Bank System.
6. Abolishes Income Taxes in US and creates a national sales tax on new, non-essential items as revenue for government. Essential items such as food and medicine, and used items, are exempt from the sales tax.
The "National Economic Security And Reformation Act" - NESARA - provides major benefits to Americans including:
Forgives credit card, mortgage, and other bank debt due to illegal banking and government activities
Abolishes income tax
Abolishes IRS; creates flat rate non-essential "new items only" sales tax revenue for government
Increases benefits to senior citizens
Returns Constitutional Law
Establishes new Presidential and Congressional elections within 120 days after NESARA's announcement
Monitors elections and prevents illegal election activities of special interest groups
Creates new US Treasury currency, "rainbow currency," backed by gold, silver, and platinum precious metals
Returns Constitutional Law to all our courts and legal matters.
Initiates new U.S. Treasury Bank System in alignment with Constitutional Law
Eliminates the Federal Reserve System
Restores financial privacy
Retrains all judges and attorneys in Constitutional Law
Ceases all aggressive, US government military actions worldwide
Establishes peace throughout the world
Initiates first phase of worldwide prosperity distribution of vast wealth which has been accumulating for many decades
Releases enormous sums of money for humanitarian purposes
Enables the release of new technologies such as alternative energy devices
History Behind the National Economic Security And Reformation Act (NESARA)
NESARA’s reformations are the main tools for implementing important US Supreme Court rulings made in January 1993 on several cases filed by farmers living in US Midwest and Mountain states areas against banks, specific government officials, certain judges, and others. Certain US Generals and Admirals were supportive of, and one General was co-plaintiff in, the Farmers’ Cases that went to the US Supreme Court. You may recall in the 1970’s and 1980’s there were news reports and documentaries about thousands of family farmers losing their farms to foreclosure. Willie Nelson has been doing Farm Aid concerts for years to help these farmers.
In the 1980’s some of the farmers investigated why there were so many bank foreclosures on their farms and discovered certain banks were fraudulently foreclosing on their farms. When these farmers turned to government officials for assistance and filed lawsuits against these banks, they learned certain government officials and judges were working in collusion with the banks. The farmers also learned that certain aspects of the current Federal Reserve banking system were unconstitutional and pursued their lawsuits through the Federal District Court in Denver and other locations. Some of the farmers involved in the lawsuits were harassed by the IRS and in turn investigated the IRS involvement with the bankers. After years of lawsuits, several of the farmers’ lawsuits reached the US Supreme Court including Baskerville and Foster v. Credit Bank of Wichita, Federal Land Bank, and First Interstate Bank of Fort Collins from the Denver Federal District Court. For simplicity, I call these cases at the US Supreme Court the "Farmers’ Cases".
In early 1993, the nine US Supreme Court judges ruled seven to two in favor of the farmers on all major issues including that the Federal Reserve Banking system was unconstitutional, that the US has been operating outside the Constitution since March 1933, that major reformations of government and our banking system are required, and that financial redress and remedies must be provided for financial losses due to bank fraud suffered by generations of Americans. The farmers involved certain very powerful US military Generals and Admirals in their cases. These Generals and Admirals made it clear to the US Supreme Court judges that they knew the farmers’ cases were righteous and watched in the courtroom as the US Supreme Court Judges heard the cases. The presence of the Generals and Admirals is why the majority of the judges felt they had to rule properly and in favor of the farmers. Because of the extraordinary nature of the necessary reformations, the Court sealed all court records and put all people directly involved under Non Disclosure agreements (gag orders) until the reformations are publicly and officially announced.
The Court had a duty to design and implement reformations to correct the injustices; therefore, the Court recruited experts in Constitutional Law, banking, economics, and monetary systems to work in task force groups to develop the needed reformations. During the two years these expert groups developed the reformations, irrefutable proof was provided to the US Supreme Court Judges that the 16th Amendment to the Constitution, the income tax amendment, had not been properly ratified. The Judges had no choice but to include abolishing income taxes in the reformations development process. It was also found that there had been a definite pattern of federal administrations and Congress ignoring the Constitution in laws passed since 1933. FDR took the US out of Constitutional Law when he declared a national banking emergency and amended the Trading with the Enemy Act in March 1933.
Constitutional Law experts working on government reformations determined that to end the pattern of blatant disregard for the Constitution, it would be necessary to require the sitting US administration and US Congress to resign when Constitutional Law is restored. Following completion of the development of the reformations, the Court appointed certain experts and others to a "committee" which has authority to manage the process of announcing and implementing the reformations.
Once the reformations were developed, the Court made half-hearted efforts to implement the reformations through an "Accords" agreement process with the Clinton administration. During that time, very little progress was made to implement the reformations. However quantities of the new US Treasury currency backed by gold were printed and shipped to certain banks in the US where the currency has sat in bank vaults for years awaiting the announcement of the reformations. When NESARA is announced, many more shipments of the new Treasury currency will be shipped to all banks in the US under guard by US military units.
During the years of the Accords process, the Court approved a "claims against the government process" (also known as Farm Claims or Bank Claims) which was meant to provide specific financial redress to Americans, however, various groups and individuals interfered with the claims process.
Finally in 1998, the powerful US military Generals and Admirals consulted with constitutional law experts regarding the lack of progress in getting the much-needed reformations implemented. The Generals, Admirals, and constitutional law experts all knew the US Supreme Court Judges were purposely stalling the reformations process. It was decided that the only other way to accomplish the crucial reformations was to compile all the needed reformations into a law and have the law passed by Congress. The National Economic Security And Reformation Act (NESARA) containing required reformations was submitted to Congress in 1999 where it sat with little action for almost a year. Late one evening in March 2000, a written quorum call was hand-delivered by Delta Force and Navy SEALs to only members of the US Senate and the US House who were sponsors and co-sponsors of NESARA. The members were immediately accompanied by the Delta Force and Navy SEALs to their respective voting chambers where they passed the National Economic Security And Reformation Act.
The National Economic Security And Reformation Act provides the following, some of which will take place immediately after the official announcement of NESARA which is to be televised live from Washington, DC:
1. Restores Constitutional Law in the USA.
2. Requires the current US administration to resign their positions to allow a fresh start at the national level and installs Constitutionally acceptable NESARA President and Vice President Designates until new elections can take place within six months. Bush and Cheney will be resigning and the Cabinet and Appointees by the President, and all members of Congress must resign within 72 hours of NESARA’s announcement.
3. NESARA US President Designate declares "peace" because NESARA abolishes unconstitutional states of emergency.
4. As partial remedy for 100 years of government and banking fraud, credit card balances are zeroed out and bank debt relief is given to Americans for bank loans including mortgages, car loans, education loans, business loans, and other bank debt. Banks will be paid $9000 per each credit card account with a balance; these funds were raised in special revenue generating activities in Europe. NESARA requires other bank debts be made self-liquidating loans and US banks are instructed to use new high revenue generating processes to pay off Americans’ bank loans.
5. Initiates the US Treasury Bank System with new U.S. Treasury currency backed by precious metals. The Federal Reserve is abolished and Federal Reserve facilities and most personnel are absorbed into the Treasury Bank System. We will be exchanging our Federal Reserve notes, which are not backed by gold, for the US Treasury currency which is backed by gold. Many bank personnel have already been trained on NESARA and the new currency is already in some banks’ vaults.
6. Abolishes Income Taxes in US and creates a national sales tax on new, non-essential items as revenue for government. Essential items such as food and medicine, and used items are exempt from the sales tax.
The NESARA law requires that a minimum of one time each year, there must be an effort made to announce NESARA. Three current US Supreme Court judges control the committee in charge of NESARA’s announcement. The Judges have used their overall authority to secretly sabotage NESARA’s announcement; thus each year NESARA has been blocked from being announced.
This is why NESARA has not been announced: the people with the overall authority to order NESARA’s announcement are, in fact, blocking NESARA.
Due to the gag order on NESARA, it is difficult for true NESARA supporters to learn exactly what has happened to stop NESARA from being announced.
Investigating details with hundreds of people has yielded exactly what needs to be done to resolve key issues and bring NESARA to announcement. After learning what the "problems" related to NESARA are, I’ve researched deeply to find the "solutions" and those people who can carry out the solutions and bring NESARA to announcement.
In many ways, our country is facing the worst crisis of its history:
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