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7/29/2019 Quatloos - NESARA Scam

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NESARA Scam

NESARA is an acronym for the National Economic Stabilization and Recovery Act, which is alegislative proposal that merely reintroduces specie as alternative currencies to help combatanti-inflationary policies of the paper currency. The NESARA proposal is sponsored by theNESARA Institute, having offices at 7635 Jefferson Highway, No. 354, Baton Rouge,Louisiana 70809 (Ph: 864-886-0657). Although the NESARA proposal has been presented tomany Congresspersons over the years, and some have expressed interest in the proposal, ithasn't yet built up sufficient support for even introduction to Committee, much less to a fullvote by Congress. Maybe someday the NESARA proposal will find support in Congress andmay be presented for a vote, but that really isn't the point of this webpage. (You can read allabout NESARA at www.nesara.org). The point of this webpage is that when certain scamartists claim that NESARA has been "enacted into law" by "secret Acts of Congress" theyare telling a great big lie and total fabrication because NESARA has never even been formally

made into a Bill or presented for either a Committee vote or a full vote or Congress

Scam artists often latch on to something that sounds good to relieve suckers of money. Forexample, scam artists will often set up boiler-room phone solicitations to seek charitabledonations for firemen or policemen, which the scam artists then pocket without actually givingany money to firemen or policemen. The making ofcharitable donations to firemen andpolicemen is a good thing, but the scam artists simply divert the donations to their ownpockets.

The NESARA proposal is currently being used in just this sort of a scam. Some of the samepeople who helped keep alive the myth that Omega Trust & Trading would eventually pay outmillions of dollars for every $100 sent to trader Clyde Hood (now convicted and serving alengthy prison sentence), are now saying that Omega Trust & Trading and the other originalProsperity Programs will still pay out their millions/ billions/ trillions/ quadrillions of dollarswhen (not if) the true NESARA law is finally announced.

The scam artists pitching the NESARA scam claim that the True NESARA Law was already

adopted by Congress in 2001, but that Congress has been keeping it a secret all this time(like anybody in Washington D.C. can really keep a secret about anything), and that soon theTrue NESARA Law will be announced. According to these scam artists, the True NESARALaw does the following:

All of the Prosperity Programs (failed HYIP and bank debenture scams) will fund,giving zillions of dollars to those smart enough to have invested in them and believed inthem even after their promoters were convicted of fraud and went to prison.

Because the funding of the Prosperity Programs will swamp the Earth with wealth,nobody in any country will ever have to pay taxes again, which is nice.

Because the banks will have more money than they will know what to do with(because of deposits from those smart enough to invest in the Prosperity Programs),there will be Debt Forgiveness of all debts, i.e., home mortgage payments, carpayments, credit card payments, whatever, which is also nice.

The scam artists have set up several websites updating NESARA and pitching the comingdebt forgiveness and new money system. These websites make some of the wildest, bizarre,and downright gut-busting statements as to why the True NESARA Law has not yet beenannounced. For instance, at http://www.2012.com.au/ NESARA_Update.html the scammersclaim that on September 11, 2001,

" at 10 a.m. Eastern Daylight Time, Alan Greenspan, was scheduled toannounce the new Treasury Bank system, DEBT FORGIVENESS for all U.S.citizens, and abolishment of the IRS as the first part of the publicannouncements of NESARA.

Instead, at just before and after 9 a.m. EDT, planes attacked the World TradeCenter. The attack on the WTC served to stop the announcement of NESARAbecause a crucial banking computer center on the first and second floors of theWTC was prevented from carrying out a computer system download to U.S.banks which was scheduled to begin at 9 A.M. EDT."

This same website similarly claims that:

For the last month in Orange County California, citizens have been receivingletters enabling them to have ALL their credit card debts forgiven and theirmortgage debt taken off their shoulders. If their mortgage was taken out before1997, it is totally "forgiven" and the DEED to the property will be mailed out tothe owner. If the mortgage was taken out during 1997 or later, the mortgage

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Prosperity Programs -NESARA - Omega Forum -Open discussion forumabout NESARA, Dove ofOneness, Clyde Hood,Omega Trust & Trading.Includes the latest rumorsabout the Galacticanscomings to Earth and

Jennifer's blood ozonationmachine.

Fake Nation - Yet anotherfake nation scam is the so-called IndependentSovereign State of thePrincipality of Camside,which claims that it is thetrue owner of Australia.

Mother Sekhmet vs. Tony-the-Wonder-Llama

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bank is required to turn it into a "self-liquidating loan" which the BANKS arerequired to pay off on behalf of the citizens. Some lucky people in OrangeCounty are receiving these benefits of NESARA which EVERY citizen in theUnited States is SUPPOSED to have ALREADY RECEIVED!

Hmmm. So everybody in Orange County, California (about 4 million people) had all their debtsforgiven but the rest of the nation didnt hear about it? Wow, the power of the government tosuppress information cannot be underestimated! For that matter, we here at Quatloos! are allin Orange County, but our debts werent forgiven. Hmmm.

But if you think all of that is strange, you havent heard anything yet. The primary scam artistgoes by the name of "Dove of Oneness" or usually just Dove hosts a website called TheFour Winds at http://www.fourwinds10.com that spews a bunch of New Age hooey, such as

Lord Aris Galactic Tales. Additionally, Dove has an update line that you can call at: (206)781-3897 to hear the latest updates on the True NESARA Law. These updates, which arearchived both on Doves website and ours (for posterity, of course) offer totally bizarre newsevents, such as that 100,000 Bankers who would not accept the True NESARA Law havebeen eliminated and that the spaceships of the Galacticans are regularly seen visitingWashington D.C.

For those of you in law enforcement, Dove has listed her address for purposes of sendingdonations as:

Dove3430 Pacific Ave. SESuite A6, Box 217Olympia, Washington 98501

which apparently, in a course consistent with more sane scam artists, is simply a drop-box.Dove has conspired with a bunch of other scam artists/nuts

But others much less intelligent have allowed themselves to be drawn into this scam, as havesome who have been mentioned as White Knights (whom the scammers claim are personsthat protect the True NESARA Law and fight for its announcement) who probably arenteven aware of NESARA. The nut category includes Sheldan Nidle, who gives updates fromthe Planetary Activation Organization, http://www.paoweb.com, and writer David Icke,http://www.davidicke.com, who claims that most important politicians and leaders are actuallyshape-shifting lizards from outer space, see http://www.davidicke.com/ icke/ temp/reptconn.html.

But as amazingly stupid as all this stuff is, it is still nothing more-or-less than a scam, andone that is at times simple to discern and at other times more complex.

The easy part of the scam is little more than a common donations scam. Dove and severalof these nuts openly solicit donations, ostensibly to keep their phone lines on, etc. Whenthey need more money, they will spin a bogus tale of somebody needed medical treatment or

an operation, or about somebodys house about to foreclosed, and invite their listeners tosend them money. Then, they simply pocket the cash.

The most active of these scammers is Jennifer Lee who, again for our friends in lawenforcement, lists her address for purposes of sending donations as:

8726 South Sepulveda, Apt. B-13Los Angeles, California, 90045

Jennifer operates her own update line at (310) 842-5902, and daily (and sometimes three orfour times per day) generates several minutes of airhead stream-of-consciousness, usuallysummarizing Doves updates or reciting the babble of several other scam artists who havecome on board. These scam artists have amusing names, such as A and A, the King ofSwords, and our personal favorite, The Nameless Ones.

Usually, towards the end of her message, Jennifer will spin a sob story about not being ableto pay the rent, or pay her phone bill, or pay her electricity bill, or whatever else comes to

mind, and about once a week she asks for money to help somebody else out. TheGalacticans must sure be cheap if they themselves cant help ol Jennifer out with the phonebill!

From this relatively simple scam comes the more complex stuff. Dove and other scam artistswill from time-to-time either offer themselves or direct their listeners to their shills whocontinue to sell units in one or another of the Prosperity Programs. Believe-it-or-not, peopleactually send money to these idiots to buy units in programs that have proven to be totallyfraudulent, and where the original promoters (such as Omegas Clyde Hood) are serving longprison terms. Ah, the stupid and their money shall soon be parted . . .

Some of Doves function is just to keep the scam victims quiet and thinking that eventuallythey will receive their money. Before Clyde and the other Omega fraudsters were indicted,Dove was strident in remarks aimed at keeping the sheep in line for sheering. Although werenot sure, Doves voice seems eerily familiar to that of Mumbles, who ran a scam calledDestiny that was supposed to fund at the same time as Omega. People actually sentMumbles $100 bills wrapped in aluminum, without getting receipts, and then listened tobizarre messages predicting imminent funding on a voice machine traced to Texas. Again, thestupid and their money are soon parted . . .

This scam also has, in addition to the weird New Age aspects, an extremist left-wing bent.Hardly a week goes by that Dove doesnt call for or predict the arrest of Bush, Cheney, et al.,and at times Doves messages have seemed to be an open invitation for some nut to takeunilateral action and attempt to assassinate them so that the Prosperity Programs can

AMessage From LordSananda To The People Of

Planet EarthPart 1 | 2 | 3 | 4

Most Bizarre Recording inthe History of Humanity?

An Afternoon With MotherSekhmet

Part 1 | 2 | 3 | 4

"To the multitudes ofinvestors who sent himmoney, Clyde Hood'spromises of low-risk, high-return investmensts musthave sounded like theanswer to their dreams. NowHood is headed for prison,and the money is mostlygone."~ Shane Trisch, FalseProfit, Chicago Magazine

Shane Tritsch's article"False Profit" recites the

bizarre story of the retiredelectrician who held himselfout to be one of the world'stop financeers in the processof fleecing tens of millionsfrom tens of thousands. A"must read" for thoseinterested in the Omegasaga!

"Preventing FinancialInstrument Fraud" --prepared by the ICCCommercial CrimeServices, the anti-crime armof the International Chamberof Commerce. This uniquereference guide uncovers themysterious world of HighYield Investment Programs(HYIP) and FinancialProducts such as Letters of

Credit, Bank Guarantees,CD's, Safe-Keeping Receiptsand more as used byFraudsters. By Jon Merrettand Paul Renner

NEW SCOTLAND YARDFRAUD ALERT SITE

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.

More information on other these and other looney-tunes is on our Omega Chronicles page, athttp://www.quatloos.com/ cm-omega/ omega-chronicals.htm

One of our Quatloos! readers recently sent an e-mail to Dove crony Patrick Bellringer andreceived the following reply:

I am a newcomer to Nesara and I am very happy to know that it may soon become a reality.However, as I have read many of the articles and thought about many aspects of the law andits implementation, I have a few questions. Perhaps you can answer some of them.

1. Since this is apparently so secret, how is it that you seems to have so much access towhat is going on?

1) KOS (King of Swords) The White Knight in charge of all White Knightscommunicates truth to select individuals for release to the public. A few other"insiders" are doing the same.

2. If higher souls and masters, such as St. Germain and Sananda are helping run things, whypush for it to perhaps be announced before things are ready?

2) Admiral Sananda, who is in charge of Earth Shan's transition, gave the orderweeks ago to the White Knights to announce NESARA. Things are ready!

3. I do find it difficult to believe that so many people could keep this thing a secret.Washington is particularly not noted for keeping secrets.

3) Secrecy under threat of death. Some have broken their silence and are nowdeaded!

4. I am in retailing and when I look at the people I deal with every day, when I think of Nesarabeing passed, I see chaos and confusion. When people are told that their dollars havedecreased in number( but not value), that prices are being cut and they no longer will havetaxes withheld,they are going to have more to deal with than many of them are capable ofhandling. Add to that that the administration and congress will resign and I can see riots andparanoia being rampant.

4) When prices and salaries are reduced by the same ratio--buying powerremains the same. People are not ignorant. They will be relieved to have nodebt, no income tax, and no evil government. Where are you at? Things willmove forward in an orderly fashion. We White Knights are not stupid!

5. Dove talks about these prosperity programs. Was one of them the Omega Trust? I cameacross a reference to it somewhere and there was a person named Dove apparently involvedin that. Where can I find more info on these programs?

5) Why do you want to know about Omega? It is closed to new people and held

confidential. You will have your opportunity to participate in a prosperityprogram---later.

6. I love many of the ideas that Nesara puts forth, but one of the things I keep hearing inmany of the articles is When do I get MY money? It seems that many of the current have-nots want to become "haves". If this is the motivation, I predict disaster for the whole thing.

6) People are anxious to get their funds to get on with their lives and theirhumanitarian projects. I have waited ten years, and I am angry. Those withgreed will get nothing.

7. I e-mailed one of the national radio websites about Nesara and they said they had notfound any documentation that it was real. The 10 ways Dove lists to prove that Nesara is real(http://www.fourwinds10.com/ NESARA/ history/ dove101702.html) are a joke as far as I'mconcerned. How many people do you know that are bank presidents or member of theGerman legislature?

7) If you think that Dove's list of 10 ways to prove NESARA is a joke---then Iconsider you to be most ignorant and quite lazy. With that attitude you deserveno part of NESARA. It is obvious that you have had no part in it, thus far.

As funny as all this is, what is even funnier is that Dove and Jennifer constantly imploring theirlisteners to send postcards to the U.S. Supreme Court demanding announcement of the TrueNESARA Law, and to write NESARA Now! when you send in your utility bills, postcards formagazine subscriptions, etc. We can only image the poor mail room clerk at Pacific Bellgetting a bunch of phone bills with NESARA Now! written on them and wondering just whatin the hell NESARA is . . .

The extreme left-wing agenda of Dove seems strangely similar to that of the "CommunistParty USA" found at http://www.cpusa.org/ It will be recalled that "debt forgiveness" was acommon theme of both Lenin's and Castro's communist takeovers. It certainly wouldn'tsurprise us if later Dove is found to be fronting for some fringe communist or socialist party.

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Extr

Real NESARA website calls Dove's claims false and outrageousfrom:http://nesara.org/ news/ rumors2.htm

We continue to be pelted by people wanting us to clarify our positions against outrageous and impracticable claimscontinually being made by a person calling herself (or himself) Dove of Oneness.

Frankly, the time has arrived for all of you out there to recognize these false claims and stop hanging around that electronicfront porch for information. If people cant find creditable evidence on their own, there is little reason to believe incrediblestatements made by others! Dove never reveals her sources, validates her theories, cloaks everything in mystery, and thatshould provide sufficient evidence of her shenanigans. Her pen name and delusions about White Knights should be a clue thatsomething is amiss. Those people who cling to her every word demonstrate that P.T. Barnum was correct.

The recent messages issued by Dove claiming that the gut-wrenching and mind-numbing calamities of September 11 are thedirect result of back door dealings associated with NESARA are pure idiocy. Such stories would be humorous if the tragediesof Tuesday had not happened. We find all such rumor-mongering to be despicable, and the nature of the latest messages ismindlessness at its worst.

We refuse to believe that any person would believe such nonsense, but apparently some people do. To believe that the eventsof Tuesday were the result of stopping NESARA far exceeds the limits of common sense, especially when the bill has yet tofind a sponsor and receive a number, let alone to have been introduced into committee or being discussed on the floor. Weiterate one more time: to verify the status of the bill check our Status of the Bill web page. If you do not believe us then checkthe Thomas locator registry. If those avenues are insufficient to satisfy conspiratorial inclinations, then use the phone andcontact representatives. Validating the status of the bill is rather easy, unless a person is void of all common sense.

Apparently people who encourage idiotic rumors are people who lack common sense and we must also wonder about thosepeople who follow such rumors.

We have considered the possibility that these idiotic rumors are attempts to discredit NESARA. People who forward suchmessages certainly discredit NESARA. We also have considered that people who initiate such mindless rumors are nothingbut con artists, preying upon people for a simple buck. We feel sorry for any person who has invested hard-earned funds withsuch con artists because history teaches that you will never again see your money. Sadly, we dont know with whom weshould be more dismayed, the originators of these rumors or those people who believe the nonsense.

Right now our hearts and minds are focused upon what happened September 11. Much healing is needed in this land and thatis where our attentions should be. We are experiencing the same pain and agony as everybody else across the land.Spreading idiotic rumors is a prime indication of complete shallowness and of somebody not dealing with a full deck of cards.

People who satisfy their own pitiful egos by using NESARA and the tragedies of September 11 are sick. Lawfully and legallyeveryone has the right to voice their opinions but some people are obviously immoral and unethical. Despicable seems tooweak a word.

We firmly embrace the right to free speech. However, that right also embraces the right to not listen to or read the trash. Wewould rather not hear any more of this nonsense.

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Dove creates bogus NESARA websites

After the (real) NESARA creators in Louisiana began dispelling rumors that Dove and the associated loonies had anything todo with NESARA and issued the press releases set forth above, Dove then created several knock-off websites that toproclaim the "true" NESARA law, i.e., NESARA plus Dove's garbage. These bogus NESARA websites are:

http://www.2012.com.au/ NESARA_Update.html -- The information about NESARA is buried deep in this spacey NewAge cult website full of the pyramid-power type nonsense that we thought went out with mood rings and disco, checkout the main page at http://www.2012.com.au/Site.A.html for the wild & wacky. Read up on NESARA and GalacticHistory according to Mother Sekmet too!

http://www.petitiononline.com/ nes911/ petition.html -- "We, the undersigned, demand the announcement andimplementation of the U.S. Law passed "Constitutionally" in secret by Congress in March of 2000, approved byCongress on September 9, 2001, and again passed in November, 2001," pretty much says it all. Does ANYBODYthink that all 500+ members of Congress are capable of keeping a secret? Any secret?

http://oneflynangel.com/ nesarabill.html -- Another NESARA variant, with Dove's e-mail address, that "discouragesrenting" of homes (apparently Dove was having trouble meeting the rent check that month).

http://members.tripod.com/ white_knights911/ history.htm -- The "history" of the "true" NESARA law promising "debtforgiveness" for everyone. A priceless Dove work, plays to distressed farmers who lost their farms in the 1980s

http://principalityofcamside.cc/ Government/ USA/ NESARA/ NesaraIndex 200207.htm -- Another bogus websitediscussing the "conspiracy" to keep NESARA secret. Sponsored by the non-existent Principalities of Caledonia andCamside.

http://www.rangeguide.net/ nesara.htm - This page claims that on November 11, 2001, all of the people in OrangeCounty, California, had all of their debts forgiven by NESARA. Quite amazing that 3 million people could have all theirdebts forgiven and were able to keep it a secret.

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http://www.web2pdfconvert.com/?ref=PDFhttp://www.web2pdfconvert.com/?ref=PDFhttp://www.rangeguide.net/nesara.htmhttp://principalityofcamside.cc/Government/USA/NESARA/NesaraIndex200207.htmhttp://members.tripod.com/white_knights911/history.htmhttp://oneflynangel.com/nesarabill.htmlhttp://www.petitiononline.com/nes911/petition.htmlhttp://www.2012.com.au/Site.A.htmlhttp://www.2012.com.au/NESARA_Update.htmlhttp://nesara.org/news/rumors2.htm


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Real NESARA website disclaimsties to prosperity programs

from http://nesara.org/ news/ rumors.htm

There are some popular rumors we want to dispel.

Firstly, many people who write to us seem to believe that secret sessions are in place, or that NESARA is actually law but(strangely) not made public. We can only respond by saying, no, no such thing. The legislative process is rather cut and dry,set in stone if you will, and a couple of mouse clicks to the Thomas locator registry (http://thomas.loc.gov) will dispel suchrumors. Furthermore, our status page is updated weekly and, if anybody knows the status of the bill, we expect that we will.

Secondly, many people who write to us seem to believe we are somehow connected with various financial schemes. At leastsome people are representing or claiming such an idea. We cannot vouch for the validity of those schemes, nor do we care toinvestigate. Get-rich schemes probably have existed since the beginning of recorded history, and although many schemes arelegitimate, some are not. We can only caution that each of you do your homework before investing hard-earned funds into anyventure. We suggest you do the same with NESARA. You should not take our word that NESARA is a good thing for

America, or the word of so-called experts. Read the bill for yourself and make up your own mind.

Thirdly, we remind people that NESARA is not a debt forgiveness program. NESARA changes the banking laws andintroduces new banking loan equations. Under the new equations and laws, existing secured debts are recalculated andsome people will find themselves debt free, but nobody will get less than they bargained for. There is no forgiveness of loans,only recalculations. We ask you to study our FAQs as we thoroughly explain this fallacy. We also ask you to download ourspreadsheets so you can visualize how the new laws and equations affect your personal debt situation.

However, we do offer our word that we are not affiliatedat allwith any investment venture or scheme. Whether or notNESARA seems to fulfill certain gurus claims or even if NESARA appears to fulfill certain prophecies, we can only state thatsuch connections are coincidence only. The authors of the NESARA web site have presented NESARA to the world as a puregrass roots effort. There never has been any connection with the authors efforts and the efforts of financial gurus orinvestment ventures.

We addressed similar rumors back in October of 2000. Sadly some of these rumors have circulated for several years, longbefore the bill was posted to the web.

We really do not know how to dispel such rumors other than refute them, but you can help by not forwarding the rumors toothers. Although our effort to date is a labor of love, the rumors are frustrating for us and responding to such queries doesindeed consume some of our time. We hope that this particular message will serve notice that there are no connections andthat you would work to quash those rumors.

We do not wish to make a big deal out of this, nor do we wish to discourage your enthusiasm, but rumors do not help thecause. As many of you have discovered, legislators do not like working with fringe elements or nuts, and when legislatorsare confronted with rumors, that is exactly what they think and they become callused to the true cause that might lieunderneath.

We understand how the rumors possibly start. NESARA is written with a fundamental understanding of basic natural rights.

Unlike most legislation that is highly partisan and slanted toward special interests, NESARA was written so that all partiesare winners. NESARA is truly a bill that benefits all people, not just a chosen few. Therefore, just about anybody can layclaim to the bill. Although we dislike the rumors, observing that so many people have attempted to connect themselves withthe bill is indicative that many people, deep in their hearts, understand the fundamentals of natural law and free markets.Because of those cornerstones, many people are attracted to NESARA. NESARA creates a win-win situation, and so therumors start flowing.

Perhaps the only people who might think they do not win are the legislators and moneyed elite. That should surpriseabsolutely nobody. NESARA reforms the banking laws, greatly discourages Congress from trying to create money out of thinair, and eliminates government intrusion into our lives by swapping a sales tax for the much hated tyrannical income tax. Allthe more reason to pressure legislators and to encourage upcoming candidates.

We are always available to answer questions and to sit with qualified people to explain the details of the bill. NESARA can bedeceptively simple, yet the long-term implications of NESARA are not so simple. Therefore, we urge you to contact legislatorsand urge those legislators to contact us. We urge you to place in their hands a printed copy of our PDF version of the bill.Most of us can afford to send a 2-to-3 day priority package to their legislators. We also urge you to contact upcoming 2002

candidates. Provide them with a copy of the bill. Urge those new candidates to contact us. NESARA provides a powerful toolto the 2002 challengers of the incumbents.

If your legislators refuse to support NESARA, then we urge you to respond in a rather simple but dramatic manner. Ask thoselegislators, Then why do I need you? Be blunt. Politics is often a slow game, but bluntness and loss of support seems to getlegislators attention. We are talking about nothing less than your future and the future of your children. Somewhatunbelievably, only a few dozen phone calls to each legislator with Then why do I need you? will shake the tunnels and hallsof Congress. Sometimes bluntness paysand is much easier than trying to validate rumors.

Thanks for your support.

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Real NESARA website dispels rumors

about secret passage and debt forgiveness

from http://nesara.org/news/ treasury_ reserve_ banks.htm

Weve decided to respond to the various rumors regarding the enactment of NESARA into law. After some late night surfing ofthe internet, and a couple of responses from some kind souls, we think we now understand the confusion.The confusion probably arises from some of the terms used in a rumor (we dislike the word but nothing else fits) circulating forseveral years using identical or similar terms used in NESARA. We make no attempt to substantiate the rumor, but we see a

http://www.web2pdfconvert.com/?ref=PDFhttp://www.web2pdfconvert.com/?ref=PDFhttp://nesara.org/news/treasury_reserve_banks.htmhttp://nesara.org/news/treasury_reserve_banks.htmhttp://nesara.org/news/rumors.htmhttp://nesara.org/news/rumors.htm


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thin possibility that NESARA and the rumored bill could be vaguely connected. The rumor apparently circulated strongly onlywithin the past decade and we must remember that NESARA was originally introduced to Congress in the early 1990s.

Although we are not looking for connections, we see the possibility.

The details of the recent rumor can be viewed at http://www.rumormillnews.com/cgi-bin/config.pl?read=4614. We saw asimilar message being routed around the internet several months ago and did not make the connection until reading theprevious information. The message that circulated about two months ago can be read athttp://www.syninfo.com/ian/PRIVATE/2000/08/06/2000080620193454.html.

Interesting information, but the best we can offer is that NESARA was developed independently of any outside help. The billwas written based upon system theory analysis and years of study and research. In other words, engineering analytical toolswere used to develop new equations and to study the root causes of social problems, then translated into correctivelegislation.

In the hopes of quashing future rumors of this sort, let us offer to you some things to think about.

The rumored bill was supposedly passed in secret. That means 435 representatives and 100 senators, thousands of aidesand tunnel rats, a president, a vice-president, a secretary of state, a secretary of the treasury, the director of the federalregister, etc., all have kept the secret. We must also think that this bill was introduced to a secret nightly session ofCongress and that every single media person was sound asleep. If you believe any of that you might also want to start lookingfor ocean front property in Nebraska.

Second, there is no record of any such bill appearing in the Thomas registry.

We also note there are some keywords used throughout the rumor that seem designed to excite and capture the attention ofso-called patriots. Words and phrases like abolishing the IRS, abolishing the Federal Reserve System, restoring theConstitution, and the New World Order. Such verbiage should be a clue that something might be fishy.

Then there is the issue of removing citizens from admiralty and statutory law. That statement in itself should be clue toknowledgeable individuals that the rumor is just thata rumor. These terms are hot words among patriots. The problem

today is not admiralty or statutory law, but a gross negligence on the part of many people, in their failing to understand thenature and cause of most actions at law. Courts today merely respond within the capacity required by the pleaded action.People no longer need to physically visit the correct court, but instead visit any court (within appropriate jurisdiction andvenue) and, depending upon the action pleaded, the court responds accordingly wearing the appropriate hat. Today, all actionsbegin as civil actions, but few individuals ever demand to know the nature and cause of the action. Is the action one of equityor law? Few ever ask, and then assume they have been railroaded because they do not understand the basic rules. Theproblem is not admiralty or statutory courts, but gross negligence of the respondents.

Another clue that something might be awry is the supposed new Treasury Notes will be backed 100% by precious metals.After many decades of not using commodities as currency, most students of monetary policy understand that a return tocurrency based exclusively upon commodity metals would be incredibly difficult. Murray Rothbard was fond of this idea, andwrote that a re-evaluation of gold would establish the price at somewhere around $1,217 (FRNs) per ounce. At suchvaluations, the reciprocal is 1/1,217 of an ounce of gold representing $1. A fifty cent piece would contain 1/2,434 of an ounceof gold. A dime would contain 1/12,170 of an ounce of gold. At such valuations, how small of a coin do you think would beneeded to represent $1? Even if base metals (copper and nickel) were used to provide the substance of most of the coin, howwould ordinary people verify that the new coin contained the appropriate amount of gold? We dont know about you, but we

think, Not feasible, period.To those who have studied the NESARA proposal, you should know that NESARA does not create an exclusive metals-backed currency. Instead, NESARA re-establishes gold and silver coin as an alternative currency while converting FederalReserve Notes into the new Treasury credit-notes. The exchange of FRNs for credit-notes will be one-for-one, not ten-for-oneas the rumor states.

Unlike the rumored bill, students of NESARA will notice that no price or wage adjustments need ever be made.

There are other similarities in that the rumored bill claims some mortgages will be forgiven. Though NESARA eliminates muchpublic and private debt, nowhere does NESARA forgive debt. Instead, all current secured bank loans made on a fractionalreserve basis are recalculated according to the new law. Banks still make a profit on those loans, but for many borrowers,those debts will be recalculated as paid in full. This is not the same as forgiving a loan.

Even if the rumored information regarding counterfeit bonds is true, NESARA would render the entire discussion mootbecause NESARA requires all banks to exchange all government bonds for newly created Treasury credit-notes. UnderNESARA, banks will not be allowed to use as reserves anything but the new credit-notes. Banks will be prevented from

directly buying and holding government debt. Banks could still buy commercial paper that might indirectly hold governmentdebt (mutual funds, for example), but nonetheless cannot use that paper as reserves. Therefore, under NESARA, bankscannot default because of using counterfeit bonds as reserves.

Lastly, we must add some sobriety to this story. Many people wrongly believe that one day the money powers will pull therug and collapse the entire economic systems around the world. Any reasonable student of history, and banking in particular,should know that the last thing the so-called money powers would want is a collapse of the system. Debt-based businesses,especially when using compound interest, provide tremendous profit to those who live on the lending side of the fence. Thereis no way your average, live down the street, banker would ever want to see a collapse. Bankers have no desire to owntractors, cars, houses, etc., they are primarily interested in profits made from loans to others. In short, if anything, the so-called money powers will do everything they can to preserve the current system based upon compound interest. They learnedtheir lessons well during the Great Depression and have no intention of making the same mistakes again.

Nonetheless, NESARA resolves many of these problems. NESARA provides for a sound currency; abolishes the diabolicalincome tax; replaces the income tax with a more fairer, equitable, and uniform national sales tax; respects fundamental rightsby not taxing the necessities of life; reforms the banking laws so both borrowers and lenders come out ahead, eliminates anunknown but certainly significant amount of private debt; eliminates at least $1 trillion of public debt; and is designed tocontrol currency inflation. Under NESARA, the purchasing power of the national currency will remain stable for generations tocome, a highly desirable moral consequence.

We accept the misunderstanding arising from confusing NESARA with the current circulating rumor but strongly suspect thecoincidence is purely happenstance.

Let us get back to solving the monetary and fiscal challenges before us, shall we!

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