“It’s not WHAT backs our money, it’s WHO controls the QUANTITY!

”
- Bill Still

FREEDOM’S VISION OUTLINE – MINIMUM

KEY CONCEPT: Deleveraging the bogus “paper economy” gives the world an opportunity
to turn the deflationary forces of clearing out the leverage into a counter force and
directional change. Our world economy is built on an unsustainable platform of debt and
leverage. One way or another, this over-leveraged system is going to crash and be replaced
by something else. Those who believe in the march of human freedom have a historic
opportunity to guide humankind into a new money system which is sustainable because it is
just.

Based upon a program that realistically controls the quantity of money, the monetary needs
of the world can be satisfied, while also allowing the prices of goods and services to remain
steady, overall and over time. Real economic growth is thus enabled, but growth in prices is
not. Shocks are absorbed, but then cleansed. In this way, a dynamically stable and enduring
system is built.

The outline presented below is simply a starting point. No one can possibly have all the answers and
therefore we are very open to input and suggestions to improve this program and to flesh it out. Coming
up with the right answers is a process, and even during implementation will require adjustments. Your
constructive help is requested. Once the possibility becomes clear, YOU must take action to ensure its
implementation!

There are THREE KEY PROPOSALS that form Freedom’s Vision, a return to a stable,
productive, and prosperous United States:

1. Monetary Reform – We must replace our unjust, debt-backed money system and
cleanse debt and derivatives without creating severe inflation or deflation; without
creating a supreme “moral hazard;” and without crashing the entire global economic
system in the process.
2. Political Reform – We must exclude large special interests from political decision-
making. Removing this influence will accomplish a great deal in ensuring that the
quantity of money remains under control and that politicians can go back to working
and thinking on behalf of the people, not just in the short term, but also in the long
term.
3. Direction for the Future – A change of direction is clearly needed. We are
rudderless, and without proper goals to move forward our economy and society will
continue to drift. While we feel this is desperately needed, we are focusing on the
first two for now. When successful with the other two, the third will follow, but we
need to be thinking about direction now!
The KEY COMPONENTS of our Monetary Reform proposal are:

Deleveraging debt and derivatives creates the OPPORTUNITY to reform the

monetary system so that future dollars are spent into existence on the National level
thereby eliminating Treasury debt.

o The deleveraging process will create deflationary forces, and thus

inflationary forces must balance during the transition.
o The “moral hazard” was created when debt and the quantity of money were
allowed to grow out of control; our plan simply returns us to a workable
system and a future of stability and prosperity.

FEDERAL LEVEL CHANGES:

o The Federal Reserve System must be either reconfigured or abolished.
ƒ Twelve Federal Reserve Banks either moved under Treasury
jurisdiction or their functions replaced by State Banks using the
model of North Dakota.
ƒ The free market must set interest rates, not central bankers.
ƒ We must create an Independent Panel (IP) responsible for controlling
the QUANTITY of money.
• Sole mandate to produce ZERO percent PRICE inflation.
• Panel completely isolated from politicians and special interests
by law. Should they miss their mandated target, they will
automatically be replaced. Harsh penalties for taking bribes,
falsifying data, collusion, and manipulation will be enforced.
• The IP has access to a $2 trillion Treasury Reserve Account
(TRA) to absorb emergencies such as acts of war or Katrina
like disaster situations. Funds must be reestablished with
guidelines found in more detailed outline. Regardless, PRICE
inflation will not be allowed to exceed limits.
ƒ We must create an Independent Data Panel (IDP) to replace all
government agencies that generate economic statistics.
• Law will isolate the Panel from politicians, special interests,
and members of the IP. Harsh penalties for taking bribes,
falsifying data, collusion, or manipulation will be enforced.
• COMPLETE TRANSPARENCY is the ultimate check and
balance.
o All data made available to the public for free.
o NO ONE is given access to the data before the public.
o The method of data collection and raw data MUST
accompany all reports.
o There will be three types of data that accompany all
reports:
1. Raw Data.
2. Timeless Data – methods of calculations can be
repeated over time for historical comparisons.
 3. Modern Data – data that can be “improved”
over time.

There will need to be a TRANSITION PERIOD lasting approximately two years,

in order to phase out of the current system and to implement the new one:

o At the beginning of the transition, the following will occur:

ƒ Usury limits restored, no more than 12% interest allowed. This
immediately begins to provide relief for over indebted citizens as their
payments are reduced.
ƒ New bank and lending limits, similar to Glass-Steagall, will be placed
into effect. As the transition proceeds, fractional reserve ability will
move back to a strict 10 to 1 maximum ratio and limits on derivatives
will be imposed.
ƒ At the end of the transition, individual bankruptcy laws will be
modified to allow the discharge of unsecured debts, as the law
formerly stated.

o Individuals – The first step during the transition is to RETURN THE PAST
TWO YEARS OF INCOME TAX TO INDIVIDUALS. Citizens who filed
returns would receive the HIGHER of their past two years income taxes paid
or an amount equal to $7,000 per family member per year. Individuals need
the opportunity to repair their balance sheets, the same as governments and
banks.
ƒ Money must be used to pay down debt, revolving debt first, secured
debt second.
ƒ Revolving credit lines will come down as that debt is paid down.
ƒ Individuals without debt must hold their refunds in SAVINGS, with
access to half the funds available in one year, the other half the
following year, or as directed by the IP during the transition period.
This will cleanse individual balance sheets and infuse a large sum of money
into the banks making the entire system more solvent. With a big portion of
revolving credit bills gone, consumers will have more of their income to
spend and save. This will help almost all businesses and will allow the
velocity of money to increase. What would this do for YOU?

o Private Banks – All banks entering the transition period are Guaranteed to
survive the transition. Remember, they were helped tremendously by
individuals paying down debt.
ƒ ALL banks and some businesses will go through a special one time
bankruptcy court, starting with the smallest banks first:
• Judges follow a rule of law checklist evaluating all debt and
derivatives. All that do not have backing that meet standards
are defaulted. This will cause cross defaults UP the chain
which will be cleaned out later as the larger banks pass
through the process.
 • Healthy and Smaller banks and credit unions likely unaffected.
The largest banks will be cleansed last resulting in smaller
large banks.
• Procedure will reestablish 10 to 1 reserve ratio and other bank
health rules.

o States – Treasury will provide funds equivalent to one year’s worth of each
state’s revenue.
ƒ 50% will pay down current state debts easing the state’s debt burden.
ƒ Other 50% will be used to fund initial start up of STATE BANK,
based on the model of North Dakota.
• All state tax monies deposited in this bank.
• 10 to 1 fractional reserve maximum on deposits which are
backed by taxing authority and by vast assets, making these
banks some of the most sound banks in the world due to such
strict standards.
• Banks will support other commercial banks within state.
• Banks will provide low or no interest loans to state for
infrastructure projects.
• A 10% of budget reserve fund will be initialized and
maintained.

o Businesses – Helped already by people whose balance sheets are cleansed,

some large businesses may be counter party to defaults that occur in special
bankruptcy court. Those that are would be given the same protections as
banks and sent through the same process as banks to remove bad debts and
derivates.

o Social Security – The outlook would immediately improve without inflation.

ƒ Taxes and payments frozen.
ƒ Fund created to accommodate negative demographics with strict laws
on replenishment, thus ending the Ponzi, but keeping the program.

o Medicare – Gets better with these changes similarly to Social Security, but is
approximately six times larger problem. Needs to be changed, would
propose a timeline and guidelines for changes.

o GSEs and FHA – programs would be frozen and allowed to wind down.
Mortgage lending would return to commercial banks backed and supported
by state banks.
 International Implications – The implications for other countries who do not
accomplish the same cleansing at the same time are serious. America would
encourage and support other countries to run the same procedures at the same
time, but would not intervene on their behalf unless invited to do so.

o Non debt-backed dollar would strengthen dramatically over rest of debt-

backed currency world. There may be the need to freeze currency
exchange rates during the transition period.

o Banks going through bankruptcy will create international cross-defaults.

Therefore teams will be established to consult with nations around the
world at THEIR request. The best outcome is that all nations run the same
procedures during the transition period. They would enjoy the same
benefits and it would create a stable outcome at the end of the transition.

We do NOT have to sit back and just watch DEBT driven events unfold. When it comes to
these issues, WE are not Republicans, WE are not Democrats, WE are AMERICANS – WE
have the AUDACITY TO TAKE ACTION, not the complacency to hope that someone else
will!

*Cover art by AZ Rainman