Call for Expert Engagement
This proposal aims to start a crucial conversation about our economic future. While it outlines fundamental principles and problems, we acknowledge the complexity of monetary policy and seek input from:
- Economists and monetary experts
- Constitutional scholars
- Privacy and security specialists
- Financial system architects
- Concerned citizens with relevant expertise
Your insights will help refine this proposal and ensure a transition that:
- Minimizes economic disruption
- Protects vulnerable populations
- Maintains essential financial services
- Prevents unintended consequences
- Ensures long-term stability
End the Fed: A People’s Proposal to End Debt Slavery and Establish Economic Freedom
Declaration of Monetary Rights
Every person has the fundamental right to:
- Control their own money without intermediaries
- Conduct private transactions
- Choose their preferred currency
- Own and transfer property freely
- Be free from forced debt-based money
- Use encryption and privacy tools
- Exit failing monetary systems
- Create and join monetary communities
The Problem in Plain Language
What is the Federal Reserve?
- A private banking system given government authority to:
- Create money out of nothing
- Set interest rates
- Control the banking system
- Lend to banks at interest
Why This System Hurts People
-
Debt-Based Money Creation
- When the Fed creates money, it creates debt
- Every dollar in circulation represents debt someone owes
- The interest on this debt can never be fully paid because the money to pay it doesn’t exist
- Example: If the Fed creates $100 at 5% interest, $105 must be repaid, but only $100 exists
-
The Poverty Cycle
- Banks get money first (at low rates)
- Regular people get money last (at high rates)
- The poor pay the highest interest rates
- Debt accumulates at the bottom of society
-
Hidden Taxation
- Creating new money devalues existing money
- This is a hidden tax on savings
- The poor and middle class are hurt most
- Example: If your savings bought 100 groceries last year but only 95 this year, you lost 5% of your money’s value
Core Issues to Address
1. Constitutional Violations
- The Constitution only allows Congress to coin money
- Private banks cannot create public money
- Debt-based currency violates economic rights
- Interest-based federal lending is unauthorized
2. Economic Oppression
- Forced participation in debt-based system
- Hidden taxation through inflation
- Financial surveillance and control
- Asset seizure and freezing
- Monetary monopolies
3. Privacy Violations
- Mandatory transaction reporting
- Complete financial surveillance
- Forced identity disclosure
- Asset registration requirements
- Banking system dependence
4. Property Rights Violations
- Indirect asset ownership
- Bank-controlled money
- Restricted transfers
- Frozen accounts
- Civil asset forfeiture
Fundamental Principles for Solutions
1. Sound Money
- Not based on debt
- Maintains value over time
- Cannot be created from nothing
- Protects savings
- Enables true price discovery
2. Privacy Protection
- Private transactions
- Asset ownership privacy
- Financial data protection
- Anonymous commerce
- Encryption rights
3. Property Rights
- Direct asset ownership
- Private key sovereignty
- Free market exchange
- Unrestricted transfers
- Self-custody options
4. Market Freedom
- Currency competition
- Financial innovation
- Community banking
- Private payment systems
- Voluntary participation
Simple Definitions
- Federal Reserve: A private banking system given government power to create and control money
- Fractional Reserve Banking: Banks lending out more money than they have
- Cryptocurrency: Digital money that doesn’t need banks or government
- Sound Money: Money that keeps its value and isn’t based on debt
- Economic Sovereignty: The right to control your own money and financial destiny
- Private Key: Your personal digital signature that proves you own your money
- Self-Custody: Holding your own money without banks
- Decentralization: No central point of control
Call to Action
We call upon the administration to recognize:
-
The Current Crisis
- Unconstitutional monetary system
- Unsustainable debt-based money
- Violation of economic rights
- Need for immediate reform
-
The People’s Rights
- Economic self-determination
- Financial privacy
- Property ownership
- Monetary choice
-
The Need for Change
- End Fed monopoly on money
- Protect cryptocurrency rights
- Enable privacy tools
- Support sound money
-
The Path Forward
- Constitutional money
- Economic freedom
- Individual rights
- Market choice
Additional Critical Considerations
1. Protection of Vulnerable Groups
- Retirees dependent on fixed incomes
- Those with existing mortgages and loans
- Small businesses with outstanding credit
- Pension and insurance systems
- Public service funding
2. International Implications
- Global trade relationships
- International debt obligations
- Currency exchange systems
- Cross-border payment networks
- Diplomatic considerations
3. Essential Services Protection
- Payment system continuity
- Critical infrastructure funding
- Emergency financial services
- Public service maintenance
- Healthcare system stability
4. Systemic Risk Management
- Financial system stability
- Market function preservation
- Employment protection
- Supply chain continuity
- Economic shock absorption
Open Questions for Expert Input
-
Transition Mechanics
- How to protect savings and pensions?
- What sequence of changes minimizes disruption?
- How to handle existing debt contracts?
- What emergency measures might be needed?
-
System Architecture
- What financial infrastructure must be preserved?
- How to ensure universal access to new systems?
- What security measures are essential?
- How to prevent new forms of manipulation?
-
Legal Framework
- What constitutional changes are needed?
- How to protect property rights during transition?
- What regulatory structures should remain?
- How to handle international agreements?
-
Social Impact
- How to ensure economic inclusion?
- What education systems are needed?
- How to prevent wealth concentration?
- What social safety nets are required?
Conclusion
This proposal establishes:
- Clear fundamental rights that must be protected
- Core problems that must be solved
- Basic principles that must guide solutions
- Essential protections that must be guaranteed
The goal is simple: Give people back control of their money and end the debt-slave system of central banking. The specific implementation details and transition timeline are left to the administration to develop responsibly, guided by these principles and rights.
Community Input Requested
Your expertise and perspective matter. Please comment on:
- What crucial issues have we missed?
- Where do you see potential risks or problems?
- What additional protections are needed?
- How can we improve this proposal?
- What expertise can you contribute?
This is a living proposal that will benefit from:
- Expert analysis and critique
- Real-world experience and insights
- Technical and practical knowledge
- Historical understanding
- Diverse perspectives
Note on Complexity
While this proposal presents clear principles and goals, we recognize the immense complexity of monetary system change. Success requires careful consideration of:
- Unintended consequences
- Technical challenges
- Social impacts
- Economic stability
- International relations
Your input will help ensure this transition serves the people’s interests while avoiding potential pitfalls.
