Time: Wed Dec 03 00:06:16 1997 To: dschell@ac.net (Doug Schell) From: Paul Andrew Mitchell [address in tool bar] Subject: SLF: No more bailouts: My program for economic recovery. Cc: Bcc: References: <3.0.3.16.19971202134356.31ff3292@pop.primenet.com> Do YOU have anything else to say about it? /s/ Paul Mitchell, Candidate for Congress http://supremelaw.com At 09:27 PM 12/2/97 -0500, you wrote: >Thank you for your thoughts. > >Doug > >On Tue, 02 Dec 1997, Paul Andrew Mitchell >[address in tool bar] wrote: >>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 >>tel: (520) 320-1514: machine; fax: (520) 320-1256: >24-hour/day-night 03 >>email: [address in tool bar] : using Eudora >Pro 3.0.3 on 586 CPU 04 >>website: http://supremelaw.com : visit the >Supreme Law Library now 05 >>ship to: c/o 2509 N. Campbell, #1776 : this is free >speech, at its best 06 >> Tucson, Arizona state : state zone, >not the federal zone 07 >> Postal Zone 85719/tdc : USPS delays >first class w/o this 08 >>_____________________________________: Law is >authority in written words 09 >>As agents of the Most High, we came here to establish >justice. We shall 10 >>not leave, until our mission is accomplished and >justice reigns eternal. 11 >>====================================================== >================== 12 >>[This text formatted on-screen in Courier 11, >non-proportional spacing.] 13 >> >> >> >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) > > > >
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