| [doveofo]
Overview of NESARA Economic, Financial, and Legal Benefits
April 27, 2004 2:12 p.m. PDT
Hello Dear Friends
and White Knights,
Today I revised
the following overview of NESARA's economic, financial, and legal
benefits to reflect the most recent information I have on these
subjects.
The National
Economic Security And Reformation Act; NESARA - provides major benefits
to Americans including:
1. Forgiveness of credit card, mortgage debt, and other bank loans
as remedy for bank and government frauds;
2. Abolishes the IRS; creates flat rate non-essential new items
only; sales tax revenue for government;
3. Initiates U.S. Treasury Bank System which absorbs the Federal
Reserve and new precious metals backed U.S. Treasury currency;
4. Restores Constitutional Law;
5. Requires resignations of current administration to be replaced
by Constitutionally acceptable NESARA President and Vice President
Designates until new elections within 120 days;
6. Requires the President Designate to declare "Peace"
enabling international banking improvements to proceed smoothly;
ends U.S. aggressive military actions immediately, and many more
improvements.
Some of the major purposes of NESARA are to improve the liberty
and prosperity of most people worldwide. All aspects of NESARA have
been thoroughly researched and developed to ensure the average person’s
life is improved and their financial and economic assets are safeguarded
throughout the NESARA improvements processes. All aspects
have also been carefully considered and designed so that NESARA’s
improvements will be implemented in an orderly and well-managed
process.
People in most countries will receive bank-related debt forgiveness
for credit card debt, mortgages, car loans, education loans, personal
loans, home refinancing mortgages, home equity loans, etc. similar
to what people in the U.S. are receiving. Credit cards issued by
major merchants such as Sears will also be forgiven because the
funds backing these merchant credit cards are ultimately linked
back to banks.Credit Unions are “banks” and they will
have to do the NESARA debt forgiveness just like other U. S. banks.
Some credit unions have signed agreements to be affiliated with
the major U.S. banks alreadycontractually set up to be U.S. Treasury
banks. All U.S. credit unions will have to do this to become
part of the new U.S. Treasury bank system within weeks of the true
NESARA law announcement.
The banks and credit unions in the U.S. are being PAID $9,000 per
credit card to zero out the credit card balances and are also being
PAID GENEROUS amounts to forgive car, education, mortgage, personal,
refinancing, and equity loans, etc. The banks are being paid
generously to do the debt forgiveness out of massive funds that
have been accumulating for well over 20 years in European banks.
The banks will be very profitable after they receive all these NESARA
payments for doing debt relief.
In most countries, there are expected to be increases in the monthly
amounts of social services payments similar to what people in
the U.S. will receive for Social Security retirement payments, disability
payments, military disability and pensions payments, and family
support payments, etc. within a few months of NESARA being announced.
All federal government social services payments will be continued
after NESARA’s announcement. This means that all
Social Security payments, all federal government payments to
people for welfare, unemployment, pensions, etc. will continue
after NESARA is announced; in most cases the monthly amounts
will be increased within two months of NESARA’s announcement.
About 18 months after NESARA’s announcement, U.S. citizens/sovereigns/natural
persons will begin receiving funds from the “new prosperity”
program based on “financial redress” for past government
and banking frauds. The “new prosperity program”
based on financial redress will be publicly announced after NESARA
is announced. Eventually all people worldwide will have access to
new prosperity options. It’s time the world’s
people were lifted out of “survival”. Some experts state
there has been enough money in the world for the last 30 years that
if the money were evenly distributed, every person would be a millionaire.
Five percent of the world’s people control 95% of the world’s
wealth.
For decades, vast sums of humanitarian prosperity programs funds
have been accumulating in special revenue generating processes in
European banks awaiting the right time when these funds could safely
be released to program members who will be doing world improvement
projects. NESARA’s announcement sets up the new banking
and legal conditions which allow the distribution of this vast wealth
to people all across the world during the next several years.
People’s pensions and investments are also being protected
by the NESARA process. Most people’s pension funds are
invested in stock market investments or similar kinds of investments.
There are special provisions in NESARA to protect people’s
pensions and investments. NESARA’s announcement does not change
the value of people’s investments in the stock markets. People
who are drawing pensions can expect to continue to draw their pensions
after NESARA without any problems.
The stock markets, currency exchanges, and commodities markets
will be closed for a period of days after NESARA is announced. The
White Knights enlisted contributions from the world’s best
experts in economics and banking systems regarding how this worldwide
shift in our economies will be handled. There is an index of prices
of products and services which will be tied to the price of gold
and which will be used following NESARA’s announcement.
The major stockbrokerage firms have already set up “conversion
tables” which they will use after NESARA is announced. It
is expected that the price of gold will go up after NESARA is announced.
We all will be receiving education via the news media and seminars
in the principles underlying our new worldwide economy based on
currencies backed by precious metals. On May 19, 2003 a CNN news
reporter stated that Alan Greenspan has 30 hours of education on
film about the “new monetary system”. All 30 hours of
information on the new monetary system will be broadcast within
a few days after NESARA’s announcement. Some sections of the
30 hours will apply to other countries as well as the U.S.
One of the major principles of good financial management in our
new economy will be living on the financial means we have available
and staying out of debt except for major purchases such as homes
and vehicles.
Most people will have much more disposable cash available
to them after NESARA is announced due to no longer having to make
monthly payments for their credit cards, mortgages, car loans, etc.
and will have increased take-home pay due to no deductions for income
taxes. Once people’s credit card debts are forgiven, NESARA’s
banking improvements are designed to ensure people avoid having
long-term credit card debt. Under NESARA, people will use credit
cards and pay off their balances monthly or within a few months
time rather than carry balances on their credit cards for years.
Most of us have no knowledge of how economies work when the value
of products and services are expressed in currency which is backed
by precious metals. Most of our beliefs about how economies
work will have to be changed after NESARA is announced. The 30 hours
of education will provide us considerable education about the new
economic foundations of our economies before normal trading activities
in stocks, bonds, gold, commodities, etc. are restarted. Some
well-known financial advisors have books ready to be released which
provide guidance in managing our financial lives in accordance with
the new worldwide economy initiated by NESARA’s announcement.
The amount of money people have in their checking and savings accounts
will be the same amount right after NESARA that was there immediately
before NESARA was announced. The amounts people have in their bank
accounts will be automatically valued in the new U.S. Treasury currency
immediately after NESARA’s announcement. There will be ZERO
loss of money in people’s bank accounts from NESARA’s
announcement and improvements. The Federal Reserve’s facilities
and personnel will be absorbed into the U.S. Treasury Department
and the Treasury Department will take over managing our U.S. banking
system. All money we have in our bank accounts will be automatically
included in the new U.S. Treasury bank system. None of our
money will be reduced or lost due to the U.S. Treasury taking over
managing the banking system from the Federal Reserve.
After NESARA is announced, we will be exchanging our Federal Reserve
Notes for the new U.S. Treasury “rainbow currency” during
the weeks following NESARA’s announcement and we may do the
exchanging in a number of ways. We can pay for our purchases
with the Federal Reserve Notes we have on hand and major merchants
and the U.S. Post Office will give us our change in the new U.S.
Treasury currency. We may also exchange our Federal Reserve
Notes at “certain” ATM machines where we can insert
our FederalReserve Notes and get back the same amount of money in
the new U.S. Treasury bills. Finally, when U.S. banks re-open their
lobbies following three business days of bank closure to do their
NESARA transition processes after the announcement, we can take
our Federal Reserve Notes into banks and exchange them for the new
U.S. Treasury bills. There is zero benefit in holding onto the Federal
Reserve Notes after NESARA is announced, and we will be able to
easily convert them to the new Treasury currency. The coins
we are using will continue to be used.
Just as in the U.S., the paying of personal and corporate national
income tax will end around the world within a few years after NESARA
is announced. Immediately, as of NESARA’s announcement,
the IRS is abolished in the U.S. and all payments of federal income
tax by individuals and corporations will totally cease. The only
thing IRS staff will do is process refunds for some months after
NESARA is announced. Some IRS personnel and facilities will be transferred
to the U.S. Treasury Department to carry out the new activities
of collecting and processing the new limited national sales tax
which NESARA establishes to raise funds for government services.
Because NESARA abolishes the Federal Reserve System and provides
for the buyout of all shares and facilities of the Federal Reserve
corporation by the U.S. Treasury, NESARA immediately wipes out over
70% of the U.S. national debt. The Federal Reserve System’s
charges of fees and interest are the main cause of the U.S. national
debt and therefore after the NESARA buyout of the Federal Reserve,
the government can cancel all debts owed by the government to the
Fed and this will wipe out over 70% of the national debt. For anyone
who does not understand the truth behind the Federal Reserve System,
I suggest you read the Dove Report entitled “NESARA Brings
Prosperity; Fed. Res. is Private Corp” and dated December
5, 2002. You may find this in the Dove Reports on www.white-knights911.com
in the December 2002 section.
I have written about the price reductions required by NESARA over
the last nearly four years of writing about NESARA. Right
now the price of everything in our lives is based on the purchasing
power of the Federal Reserve Notes which are basically ‘worthless’
fiat money that has nothing backing it but “confidence”
in the U.S. government. Since Roosevelt took us off the gold standard
in the 1930’s, we have had massive inflation due to the fact
there was nothing of value standing behind our money and also the
Federal Reserve banking system has many “built-in” factors
that cause inflation.
When the U.S. Supreme Court Justices developed the reformations
of our banking and currency system which sets up our new U.S. Treasury
bank system and absorbs the physical assets and personnel of the
Federal Reserve system, the Justices called together a coalition
of the world’s foremost economic, monetary, and banking experts,
as well as experts in Constitutional Law. One of the major tasks
was to remove the inflation from the prices of everything we buy.
The decision was made to re-price everything so that we start with
a new price structure and an economy where the value of everything
is supported by the new precious metals backed Treasury currency.
The Justices and their coalitions of economic, monetary, and banking
experts have met with the heads of nearly all governments worldwide
to discuss these issues and have agreements signed by heads of all
these governments stating that their country will also make these
changes within two years of the true NESARA law being announced.
When the true NESARA law is announced, there will be many follow-up
press conferences regarding the details about how the new pricing
structures will work. Basically within 60 days of NESARA’s
announcement, prices on most products and services will be reduced
in the U.S. to ten percent of what they are now. Two months
after NESARA is announced, a new television which currently ispriced
at $350 will be repriced to $35 purchase price.
The U.S. Supreme Court Justices have had the top experts in all
fields provide input and when all prices of all items are adjusted
downward about two months after the true NESARA law is announced,
there will be similar adjustments in the prices of stocks and bonds.
Stocks and bonds will keep their relative value because everything
is being repriced. The repricing of stocks and bonds will
be just like the repricing of milk, eggs, and bread in the supermarket.
Instead of paying about $4 for a gallon of milk, we will pay 40
cents when the price changes go into effect. Instead of paying $1.80
for a gallon of gas, we will pay 18 cents per gallon. Stocks
and bonds will be repriced in the same way as other commodities
we buy.
A month or two after the true NESARA law is announced, all items
and services we buy will be repriced to correct for the massive
inflation in prices that the Federal Reserve banking system has
caused. Right now we pay for things with basically worthless
Federal Reserve “fiat” money. But after the true NESARA
law, we will change over to our new U.S. Treasury bank system and
currency and our Treasury currency is backed by gold, silver, and
platinum. Consequently, under the new U.S. Treasury bank and
currency system, there must be an adjustment in the current prices
on items and services to squeeze out the inflation in current prices
that is totally due to our using worthless Federal Reserve fiat
money.
In the two months after NESARA is announced, people in the U.S.
will be paid at their current rates until the new price reductions
go into effect. In the month after the price reductions take effect,
people’s wages,salaries, and other compensation will be repriced
and will have the same purchasing power as now because all prices
of products and services will already be adjusted downward in exactly
the same proportion as people’s wages, salaries, etc.
Let me give an example so you understand. For example if
NESARA’s announcement occurs in April 2004, it’s likely
that merchants and service providers will be given two months (about
60 days) to be ready to implement the 90% price reductions.
In most cases this means simply moving the decimal point to the
left one position in the merchant’s computerized databases
of prices for products and services and posting new price labels
where appropriate when the changeover date arrives.
Although I expect NESARA to be announced before the end of April
2004, I will use April 30th in the following explanation to simplify
matters. IF NESARA were THEORETICALLY announced on April 30, 2004,
then all merchants and providers of products and services would
have 61 days (May and June) to get ready to implement the new reduced
prices by July 1, 2004. On July 1, the new reduced prices of everything
would take effect. If your income is $3,000 a month, in May
and June, you would continue to be paid $3,000 a month.
Let’s say that you normally pay $600 for food and other routine
supplies a month. On July 1st when prices would be decreased
by 90%, you would have earned $3,000 in the month of June, however
you would only have to pay $60 for your food and routine supplies.
You would have $540 you can use for other things. In addition, you
would have NO income tax taken from your paycheck as of NESARA’s
announcement in April 2004 and you would have more disposable cash
from your income for May and June due to no credit card, mortgage,
car loan, education loan or other bank debt payments to make.
You would pay social security taxes & Medicare (FICA taxes -
7.4%) but with all the debt forgiveness and no income tax deductions
or other deductions, you could have as much as $2,778 of your $3,000
a month income available to you.
Because all prices must be adjusted to 10% of the current prices
about 60 days after NESARA is announced, your income and salary
must also be adjusted to 10% on July 1st. Your new income
WILL STILL BUY THE SAME AMOUNT as now because the prices of everything
will also be repriced to 10% of today’s prices. The
repricing of everything at the same time means that no one loses
any money.
The prosperity programs amounts being funded to current prosperity
program members in the U.S. will NOT be reduced after NESARA is
announced because these amounts are money in our bank accounts today.
If we have, for example, $10 billion in our prosperity program bank
account before NESARA’s announcement,it will still be $10
billion after NESARA is announced. However, the $10 billion will
buy 900% more after the repricing of products and services.
In addition, one of the most amazing improvements that rolls out
from NESARA and across the world is that all people worldwide will
eventually have the same rights that we Americans have when NESARA
restores our Constitution and Bill of Rights. When I first heard
about this, I wondered how this was being arranged. All I
can tell you today is that over 180 countries have signed agreements
to do this and there was “divine intervention” in the
process of getting these agreements signed. Fairly soon after NESARA
is announced, the details will be revealed.
The restoration of Constitutional Law vastly improves our lives
in ways that are almost unlimited. NESARA wipes out all the unconstitutional
laws like the p.a.t.r.i.o.t. act, the homeland security act, and
all laws back to 1933 when FDR took us out of Constitutional Law
as well as selected laws prior to 1933. All our civil liberties
will be restored with NESARA’s announcement. Under Constitutional
Law, the inventors of the new energy devices will be able to safely
make their devices publicly available and zero government agency
or corporation will be able to stop them. Alternative medical therapies
and technologies can also be made available without worry of attacks
by FDA agents or other government interference. There are many technologies
and products which have been suppressed and the inventors of these
will be able to safely and publicly unveil these technologies and
products which will help many people.
The restoration of Constitutional Law also requires that all judges,
law enforcement, and others must attend educational seminars and
learn about Constitutional Law. All courts in the U.S. will be closed
for two months while these Constitutional Law seminars are being
conducted. Any court cases in process when NESARA is announced will
have to be re-filed using Constitutional Law foundations; many cases
now clogging up the court systems will no longer be valid court
cases under Constitutional Law. In addition, many people who
have been imprisoned under unconstitutional laws such as income
tax laws, will be released from prison within weeks after NESARA
is announced. There will also be educational seminars on television
regarding Constitutional Law which is based on Common Law and we
all will be learning about this.
Some people, such as IRS employees, will find that their jobs no
longer exist or their income is decreased by the announcement of
NESARA. In the U.S., all people who can prove their income has been
reduced by NESARA will be eligible to apply for generous financial
allotments which will carry them through until they have new income
sources. Self-preservation is why NESARA’s international ripple
effects are expected to result in other countries adopting the new
international banking regulations that go into effect after NESARA’s
announcement, the abolishment of income taxes, and the adoption
of Common Law.
After the US announces our new US Treasury Bank System and new
Treasury currency backed by precious metals, the US Treasury currency
will be the most valuable currency on the planet because it is backed
by precious metals. If the US Treasury currency remained the only
major currency backed by precious metals, this would throw the balance
of import and export trade way out of balance because the new US
Treasury currency would be able to buy much more than the Federal
Reserve currency could.
Consequently, out of self-preservation, all other nations will
also announce that their currencies are backed by precious metals
and this will help keep the import and export trade between the
US and other countriesmore balanced. The new international banking
regulations also require nations’ banking systems give the
full debt relief; any nation which fails to do this within four
months will be cut off by the IMF from transferringmoney into and
out of that nation. No nation can survive without the transfers
of money into and out of the nation although some nations’
corrupt government officials may still try to give only partial
bank debt relief. Other nations will also do price reductions
to squeeze the inflation out of their prices, although the percentage
of price reductions will vary from nation to nation.
The same self-preservation relates to other countries abolishing
their own income taxes. If the United States were the only country
which abolished personal and business income taxes, then people
and businesses from other countries would relocate to the US to
take advantage of the tremendous savings of not having to pay income
taxes. Therefore, to keep their people and businesses from
relocating to the US, other nations are expected to abolish their
own income taxes within two years after NESARA’s announcement.
Even the issue of all nations adopting Common Law is a matter of
self-preservation. Today in most countries there are many
government requirements in statutory law with which businesses and
organizations must comply in order to transact their business.
Many of these government requirements are time-consuming and costly
for businesses. Under Constitutional Law which is based on
Common Law, these cumbersome government requirements are removed,
making the US a location where businesses and organizations can
conduct their activities without being overloaded with government
requirements. If other nations failed to change over to Common
Law, eventually many businesses and organizations would relocate
to the US. To keep their businesses, organizations, and people,
other nations are expected adopt Common Law within four years after
NESARA’s announcement.
NESARA brings most of the world’s people increased prosperity,
liberty, peace, and knowledge which enables them to flourish.
NESARA Now!
Blessings and Love,
Dove of Oneness
The term "White Knights" is borrowed from the Wall Street
Journal and the world of big business hostile takeovers when a vulnerable
company is "rescued from a hostile takeover by a White Knight”
corporation or wealthy person. Certainly, these people fighting
to bring Americans and the world the benefits of NESARA and to rescue
our people from government and banking fraud deserve to be called
“White Knights”. World Court is the International Court
of Justice in the city called The Hague, in the Netherlands. This
is NOT the International Criminal Court from which Bush Jr. removed
the U.S. These are two totally different courts with different
purposes.
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
For more information on NESARA, go to www.nesara.us
To SUBSCRIBE to the Dove Reports, please send an email with Subject
of “Subscribe” to dovelist@nesara.us. Please allow
72 HOURS for processing your request.
To UNSUBSCRIBE from the Dove Reports, send an email with Subject
of “Unsubscribe” to dovelist@nesara.us . Please allow
72 HOURS for processing your request. To CHANGE your email address, please send an email with Subject
of “Change of Address” to dovelist@nesara.us ; in your
email first provide the OLD email address to be deleted and second
the NEW email address. Please allow 72 HOURS for processing your
request. |