Remember this version is entitled “The National Economic Stabilization and Recovery Act,” which differs from the title used by Hatonn and Matthew, which is “The National Economic Security and Reformation Act.” (1)
Please do not assume that these provisions will in fact be those that have been decided on by the Company of Light in 2011. There very well may have been changes.
Again I don’t know the exact status of this version of the NESARA Act. My understanding was that the Act was ready to be proclaimed on Sept. 11, 2001 so what the status of an Act later introduced into the Congress later than that might be is unknown to me. So with that cautionary note, here are some extracts from it:
• To provide monetary reform by amending the Federal Reserve Act of 1913.
• To provide fiscal reform by amending the Internal Revenue Code of 1939.
• To secure for the American people their unalienable right to Life, Liberty, and Property.
What is wrong with America?
• The income gap between the rich and poor continues to widen
• Earnings for the poorest fifth of American families rose less than 1% between 1988 and 1998
• Earnings for the richest fifth of American families rose more than 15% between 1988 and 1998
• Income tax preparation costs Americans more than $225 billion and more than 5 billion hours per year in nonproductive labor
• Social woes and problems continue to escalate
• Income tax laws continue to erode privacy rights
• Asset forfeitures continue to rise due to inequitable monetary policy and tax laws
• The American Dream is quickly disappearing
• Unsound monetary and fiscal policies encourage waste and graft
• Public and private debt continue to rise
• Current banking practices and policies no longer support the people but special interests
• Current monetary and fiscal policy provides no mechanism to stop or defeat inflation
Can We Really “Fix” America? Can One Bill Repair The Damage?
• Reduce social inequalities and problems by doubling the average standard of living
• Eliminate trillions of dollars of public and private debt
• Return control of the currency to the public
• Reduces the cost of using public currency
• Provide new banking rules that are equitable and fair to all
• Provide $500 billion of new public works projects
• Replace the income tax with a fair tax
• Improve the balance of trade problems
• Rebuild American industry with high-paying, productive jobs
• Eliminate inflation
(1) See for instance Matthew’s Message, Jun 5, 2004, at http://www.matthewbooks.com/mm/anmviewer.asp?a=22.