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Date: Tue, 02 Dec 1997 13:43:56 -0800
To: dschell@ac.net
From: Paul Andrew Mitchell [address in tool bar]
Subject: SLF: No more bailouts: My program for economic recovery.
Dear Doug,
Here is my program:
#1: abolish federal income taxes on all federal employees,
by Act of Congress, in light of fraudulent motives
for the Public Salary Tax Act of 1939;
#2: implement #1 by issuing an E.O. to stop withholding at once,
and to cease/desist income tax returns by these employees;
#3: anticipate increased upward pressure on prices,
by issuing silver bonds from the United States Treasury,
in 1-, 2-, and 3-year maturities @ above-market
rates; encourage public agencies to buy these bonds;
authorize U.S. Mint to begin bulk silver purchases,
and accelerated minting of solid silver coins;
#4: recall all Federal Reserve Notes ("FRN's") within 3 years,
and issue regulations for all FDIC-insured banks to comply
over-the-counter, at teller windows (target: 1/1/2001);
#5: begin printing U.S. Notes in sufficient quantities,
to replace all FRN's, one-for-one, using "bearer bond"
rules, i.e., no I.D. or Cash Transaction Reports required;
U.S. Notes will be an interim measure, to be replaced
after 3 years by silver and gold certificates;
#6: use Federal Register to publish official AFFIDAVIT
OF EXEMPTION FROM WITHHOLDING IN LIEU OF W-4,
with regulations for executing and submitting same
to all private employers, anywhere in the state zone
or the federal zone;
#7: submit to Congress the proposed "New Amendment,"
abolishing the so-called 14th amendment and making
state Citizenship available to everyone, regardless
of race; the validity of the public debt will thereby
be brought into question, permitting discharge in
a competent U.S. Bankruptcy Court, convened for
this specific purpose; Congress can assist by
issuing special rules for appeal directly to
a 3-judge panel on the District Court of the
United States.
/s/ Paul Mitchell,
Candidate for Congress
http://supremelaw.com
At 12:14 PM 12/2/97 -0500, you wrote:
>As usual, Pat is on target concerning an issue that
>will economically rape the middle class of the USA. I
>think this bailout is the MOST obnoxious of all.
>Bailing out banks and countries which have devastated
>much of the industrial base of the USA through less
>than fair practices. If this occurs, good buy middle
>America as we have known it.
>
>What say ye?
>
>Doug
>
>Dr. Douglas W. Schell
>Professor of Business and Economics
>The University of North Carolina- Pembroke
>1709 Crest Dr.
>Aberdeen, NC 28315
>(910) 944-5757 (home)
>(910) 521-6463 (office)
>
><---- Begin Forwarded Message ---->
>Date: Mon, 1 Dec 1997 19:58:30 -0500 (EST)
>From: Right from the Beginning
><haffs@river.it.gvsu.edu>
>To: linda <linda@networkusa.org>
>Subject: No More Bailouts--Abolish the IMF! (fwd)
>
>
>NO MORE BAILOUTS -- ABOLISH THE IMF!
>
>by Patrick J. Buchanan
>
> December 1, 1997
>
>If the people of South Korea were starving, Americans
>would send food. If they were victims of a natural
>disaster, an earthquake or typhoon, planeloads of
>American doctors and nurses, shiploads of medicine and
>supplies, would be instantly on the way.
>
>But Asia's financial crisis is not a natural disaster;
>it is man-made, the work of corrupt and incompetent
>political elites, crony capitalists and idiot-investors
>who deserted their own countries to chase hot profits
>in Asia. Obligations of charity do not apply here.
>What these avaricious bankrupts want Americans to do is
>to pick up the hotel and bar bills from their
>decade-long orgy. No thanks.
>
>Ask yourself: Why does Seoul suddenly need $20 billion?
>Is it because Koreans are suffering? No. South Korea
>needs $20 billion pronto because it has $20 billion in
>short-term loans coming due by year's end. Korea hasn't
>got the cash, and its creditors are howling.
>
>The IMF bailouts of Korea, Thailand and Indonesia,
>which could put Western taxpayers on the hook for $100
>billion, are to save the faces of these Asian regimes
>and the fannies of "investors" who want back
>every dime they put up -- without missing a payment.
>When you know who is holding that $20 billion in debt,
>you will know for whose benefit the Global Economy is
>designed to work.
>
>But why should U.S. taxpayers be put on the hook by the
>IMF, to make good failed Asian investments? Let those
>who made the hot profits in Asia eat the losses. Let
>the market work. Let the Asian debtors and
>their creditors negotiate themselves the terms of
>repayment, and keep U.S. taxpayers out for once.
>
>The hour is at hand for Congress to run a sword through
>this corrupt global system. All we need do is follow
>the counsel of ex-Treasury Secretary Bill Simon, the
>Heritage Foundation, and the American Enterprise
>Institute, and kill the IMF. Then the gods of the
>markets can rule again. Don't our free traders believe
>in that?
>
>This November, in a courageous act, the House voted
>down Mr. Clinton's request for $3.5 billion to
>replenish the funds of the IMF. Prediction: Mr. Clinton
>will come back from Vancouver Asia-Pacific summit and
>demand even more money to bail out Robert Rubin's Wall
>Street buddies. But if Congress will hold firm and deny
>the White House another dime for the IMF, it can strike
>a mortal blow against a system crafted to endlessly
>loot the American nation of its wealth.
>
>What is the IMF? It was created At Bretton Woods in
>1944 as a fund from which governments could borrow to
>maintain the fixed rates of exchange of their
>currencies. But in 1971, Richard Nixon took America
>off the gold standard; the exchange-rate system broke
>down; the dollar and other currencies were allowed to
>"float" in a free market. The need for an IMF was over.
>
>But the IMF refused to fold its tent. It set itself up
>as overseer of the Global Economy and lender of last
>resort to bankrupt regimes. Four times since 1970 the
>IMF has bailed out Mexico. In the last bailout, the IMF
>gave $17 billion in fresh loans to enable President
>Zedillo to pay off his New York creditors, who thus
>walked away from their risky loans, while American
>citizens are now exposed to the lion's share of that
>$17 billion.
>
>How is Mexico to repay the IMF? The devaluation of the
>peso by 50 percent doubled the price of U.S. goods in
>Mexico and cut by 50 percent the price of Mexican
>exports. Devaluation thus wiped out the tiny U.S. trade
>surplus. And when U.S. companies saw the price of
>Mexican labor had been cut in half in dollars, they
>laid off their workers, shut down their U.S. plants and
>headed south for the Rio Grande.
>
>This, then, is the great trade-off of the Global
>Economy: Wall Street gets reimbursed, while Main Street
>loses its export market, its factories and its jobs,
>and is put on the hook by the IMF, so "investors" on
>Wall Street do not have to swallow really big losses.
>We do it all -- to make the world safe for Goldman
>Sachs!
>
>The Global Economy is like a high-stakes poker game,
>where the big players pocket their winnings, while the
>"house" -- i.e., the taxpayers -- makes good their
>losses at the end of a bad night.
>
>To do in Thailand, Indonesia and South Korea what it
>did in Mexico, the IMF will need billions more in
>lending authority from the U.S. government We ought not
>let this happen. The looting of our country
>must stop. And it can be stopped, if the agencies that
>thieve and redistribute U.S. wealth -- the IMF and
>World Bank -- are denied all power to put at risk the
>credit of the American people.
>
>Time for Congress to end these bailouts, privatize the
>World Bank and abolish the IMF.
>
>c Patrick J. Buchanan
>
>
>
><---- End Forwarded Message ---->
>
>
>
>
>
===========================================================================
Paul Andrew Mitchell, Sui Juris : Counselor at Law, federal witness 01
B.A.: Political Science, UCLA; M.S.: Public Administration, U.C.Irvine 02
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_____________________________________: Law is authority in written words 09
As agents of the Most High, we came here to establish justice. We shall 10
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