THE NEW ECONOMY - DEATH OF THE DOLLARWe will bring about the New Economy starting with the Death of the Dollar. All Banks and Markets will close and the currency of the United States will be cancelled. The National Debt will no longer exist as that currency no longer exists.
Under the Constitution, Article 1, Section 8, Clause 5, Congress has the power: "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the standard of weights and measures."
In the past we were on the Gold Standard, and all money was backed by Gold. All Gold belonged to the Government. But then we went off the Gold Standard, and the money was only backed by the United States Government.
The Government cannot back the U.S. currency, and this money will be cancelled. There will be no more National Debt.
The Government will then coin New Money, and this currency will be backed by the sovereign People of the United States. The value of this New Money will be regulated by the productivity of minimum wage labor, so that the value of compensation for that labor will provide for their basic needs.
ELIMINATION OF THE CREDIT-DEBT ECONOMY
The Credit-Debt Economy is a form of Economic Slavery, and this will be abolished. However, there will be no free rides for the previously poor. Each person will have a duty to provide a productive asset to society, so that the value of the New Money may be regulated. Freedom cannot be supported by Economic Slavery of a Credit-Debt Economy.
ELIMINATION OF POVERTY AND WEALTHY
Class distinctions will be eliminated so that individual liberty will be equal for all people. Each person will form a particular function to the Body of the New Society. In this sense, there will be Equality.This new Equality does not mean that all individuals will have exactly the same amount of power and wealth, but rather that:
1.) power will be exercised only in accordance with rank and law, so that no person shall have so much power as to be able to use violence upon another; and,
2.) that no citizen shall have so much wealth that they can but another, and none so little that they are forced to sell themselves.
There will be moderation with regards to both property and standing on the part of the Great, and moderation with regards to greed and covetousness on the part of the rank and file.
This is the way to give stability to the New Economy, to narrow the distance between the extremes as much as possible, and tolerate neither paupers nor the rich and wealthy.
These two classes, the poor and the rich, which are inherently inseparable, are equally fatal to the common good of the New Economy. The poor produces the subjects of tyranny, while the rich produces the tyrants.
THE WILL OF THE PEOPLE - NOT BY VOTES
The prime mover of political society is the authority of the sovereign People. The instant the People are lawfully assembled as a sovereign body, the government ceases to have jurisdiction over anything whatsoever. All executive is suspended. For the representative, once he stands in the presence of the represented, represents no longer. The will of the People as a collective body will bring about these changes.