Your Questions About Debt-free U

Sandra asks…

How to emerge from college debt free?

It’s crazy I know. But not impossible. I’ve met people who have done it before. I want to be one of them.

I’m a good student, great grades, good looking transcript… I’ll be doing 2 years of community college then transfer to a 4 year university. Upon graduation, I will move to veterinary medical school.

I like the idea of living off campus so I can maintain my planned 40 hours/week job for the entire 12 months of the year, and not spend $15,000 on crappy college food, a 100sqft dorm, and a dirty bathroom shared with 60 disgusting boys.

The areas around the two colleges I’d like to go to appear to have rents right around $600/month with “U-Pay” cable, phone, internet and electricity, which also appears to be around $100/month.
For food, I generally spend $200 a month, and will not have a car.
Also, figure you should know that for my 2 community college years, my parents will pay tuition and I will live with them, and will work as full-time as humanly possible.

John answers:

Find a clean cut, honest room mate, this can cut your expenses in half. If you are not making too much at the job, look into food stamps. You alone will be “your household”, and a room mate will be her “household”. See about renting college text books, or not, buying gently used instead of a brand new text book for each subject. Eat at home, not out to save money. Stay away from credit cards, totally…instead use a debit card.

With good grades, apply a lot for tuition help. My niece got $40k (a whole years salary on the open market) for a few long hour weeks of writing papers, and applying. If you live frugal, not buying a lot of “wants” and not getting too crazy on entertainment, that will help immensely.

Remember all government school loans will always be paid back and can’t be written off if you get into financial trouble.

Mark asks…

How do you like this idea to pay down the U.S. national debt of $13 trillion?

One idea for raising taxes to pay down the debt is the bill introduced this February by Rep. Chaka Fattah (D-Pa.). His “Debt Free America Act” (H.R. 4646) would impose a 1 percent “transaction tax” on every financial transaction — whether paid by cash, credit card or any form of financial transfer, the only exception being transactions involving the purchase or sale of stock. Theoretically, everyone would pay one cent on the dollar for every such transaction in America every day — whether $3 million on a $300 million business acquisition, $300 on the purchase of a $30,000 car, or $5 on a $500 ATM withdrawal.

http://thehill.com/opinion/columnists/lanny-davis/107351-a-debt-free-america-yes-its-possible

John answers:

That would function like a mini-VAT. I read that article from “the hill” and it says they would put that money in a special separate trust fund. Maybe they would store that lock-box right next to the Social Security lock-box. I know what that special trust fund will really be used for…These clever politicians will be allowing the government to steal the income that we work hard for so they can redistribute it to finance their coup.

Didn’t they just Limit the fees banks can charge on ATM withdraws… Here’s an act of not seeing what the other hand is doing, or maybe our liberal-progressive politicians are juggling so fast that if a few balls are dropped, …. Oh well!

Laura asks…

What does the Federal Reserve Bank have to do with the election? Is it true America will never be debt free?

http://www.youtube.com/watch?v=OnwLgrSJZKs

“The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private … all » hands able to dominate the political system of each country and the economy of the world as a whole…Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money…”

THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money.
The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers.

Segments: The Problem; The Money Changers; Roman Empire; The Goldsmiths of Medieval England; Tally Sticks; The Bank of England; The Rise of the Rothschilds; The American Revolution; The Bank of North America; The Constitutional Convention; First Bank of the U.S.; Napoleon’s Rise to Power; Death of the First Bank of the U.S. / War of 1812; Waterloo; Second Bank of the U.S.; Andrew Jackson; Fort
http://answers.yahoo.com/question/index;_ylt=AmSHF3byjbSXB3P_izfJoZnsy6IX;_ylv=3?qid=20080909231624AAIkeLq

John answers:

Money Masters distorts the truth and confuses the difference between fractional currency backing and fractional reserve banking..

When you refer to dishonest goldsmiths, you are referring to those who fraudelently issue far more gold certificates/receipts than they actually hold in value. It’s the same sort of con as selling 1000% shares in a company.

Fractional Reserve Banking is a legitimate vehicle that allows banks to pay interest to their deposits by loaning out idle money. The alternative is 100% reserve in which you would receive no interest and would actually have to pay the bank to safeguard your cash. In fact, prior to 1980, most checking accounts were just that way.

If you don’t like Fractional Reserve banking, you don’t have to participate. Just put your cash in a safety deposit box. You won’t get interest and have to pay the bank, but you will be true to your principles.

America could be public debt free by simply balancing the budget 10 years in a row. That’s the time when 99% of all T-Bills will mature. But that would require a fiscally responsible congress for a whole decade which may never happen.

Donna asks…

what were the great accomplishments of President John F Kennedy?

On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.

When President John Fitzgerald Kennedy – the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money – without going through the privately owned Federal Reserve Bank. President Kennedy’s Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This means that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the United States of America.

“United States Notes” were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a “Federal Reserve Note” issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a “United States Note” from the U.S. Treasury issued by President Kennedy’s Executive Order. They almost look alike, except one says “Federal Reserve Note” on the top while the other says “United States Note”. Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.

President Kennedy was assassinated on November 22, 1963 and the United States Notes he had issued were immediately taken out of circulation. Federal Reserve Notes continued to serve as the legal currency of the nation. According to the United States Secret Service, 99% of all U.S. paper “currency” circulating in 1999 are Federal Reserve Notes.

Kennedy knew that if the silver-backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. This is a very simple matter of economics. The USN was backed by silver and the FRN was not backed by anything of intrinsic value. Executive Order 11110 should have prevented the national debt from reaching its current level (virtually all of the nearly $9 trillion in federal debt has been created since 1963) if LBJ or any subsequent President were to enforce it. It would have almost immediately given the U.S. Government the ability to repay its debt without going to the private Federal Reserve Banks and being charged interest to create new “money”. Executive Order 11110 gave the U.S.A. the ability to, once again, create its own money backed by silver and realm value worth something.

Again, according to our own research, just five months after Kennedy was assassinated, no more of the Series 1958 “Silver Certificates” were issued either, and they were subsequently removed from circulation. Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve’s control over the creation of money. It seems very apparent that President Kennedy challenged the “powers that exist behind U.S. and world finance”. With true patriotic courage, JFK boldly faced the two most successful vehicles that have ever been used to drive up debt:

1) war (Viet Nam); and,

2) the creation of money by a privately owned central bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined with Executive Order 11110 would have destroyed the profits and control of the private Federal Reserve Bank.

John answers:

The other side of that coin has a great many “accomplishments” not meant to be made public.

As a senator, in 1957, Kennedy and LBJ rewrote the Civil Rights legislation that Republican President Eisenhower had called upon Congress to pass. Seems the Dem.s in the upper house were refusing to allow the bill’s passage prior to the rewrite. That rewrite, made the bill absolutely worthless — which is what they wanted. The Dem.s then signed on en mass.

Just prior to the Cuban Missile “Crisis,” Kennedy deployed strategic nuclear missiles to Turkey, aimed at the Kremlin. It was this act that began the whole episode in Cuba. It was also Kennedy’s finally agreeing to quietly remove the offending missiles (in Turkey) that ended that “crisis.” He brought us to the brink of nuclear armageddon.

Kennedy used break-ins and spying to win his election (along with bold faced lies about being young, vibrant, healthy and “In-Touch” with the common man on the street) against the old, decrepit and completely out of touch with the common man Eisenhower. Too bad Ike had been born poor and on the wrong side of the tracks as compared to Kennedy who had been born an elitist snob with a silver spoon.

Ike had policies in place that prevented the use of U.S. Troops to over throw governments. He required first that there be a popular government in exile , ready to take charge (and be accepted by the people). And he always insisted that the use of nuclear weapons remain a viable option — this was to impress upon Congress the seriousness of involving U.S. Lives in small, insignificant wars that have no bearing on either the world stage or U.S. Interests abroad.

When Kennedy took office, he threw out those two policies and immediately set about the task of preparing to overthrow Cuba. Jack’s baby brother Bobby the Attorney General (how’s that for crony-ism?) and Sec. Def. McNamara tried talking him out of this operation. The best they could do was to talk him out of supporting the operation once it gets started.

Kennedy then picked up the phone, called the Sec. Nav. And told him to have the support ships remain on station, but to stand down from any planned support role. Having completed that call, he then called the head of the CIA and told him that the operation was a “go.” He failed to mention that there would no longer be support for the men they were sending in to battle. In all, it took 4 full days for all 2510 men to die either on the beaches of Cuba or to die by firing squad, having first been tortured.

Yeah. That Jack Kennedy. What a “GREAT” and Patriotic guy (sarcasm). It was Kennedy who took our military into Vietnam! Yet another one of THOSE that would never have been, had he followed Ike’s policies. In truth, the shooter(s) did this country and the world at large a favor.

It may also be of interest to you to know that it was Democrat Woodrow Wilson and his Democrat lead Congress that took the U.S. Away from the National Bank and turned it over to the privately owned Federal Reserve — from whom we lease our currency and pay a fortune in interest to for the use of their currency…

Donald asks…

What do u make of this?

My guy is in india, I’m not. He says He doesn’t want me there because he’s busy taking care of his family and trying to cancel debts and stuff. He wants them to be ok before he joins me. He doesn’t want me to join him because he says I’ll be a distraction. I’d only go for him anyway, I mean, I hate the state he’s from…as far as I’m concerned, he’s the only good thing there. HE knows this, so I figure that’s y he’s saying stay here, since he won’t be able to devote any time to me. Then after he wipes out all of his family debt, he wants to come here and be with me. I tell him to come over when his papers are ready and make money to send home, but he says it won’t work that way. I’m guessing he just wants to leave his folks debt free when he comes here. I wanted to see what u guys thought b4 I asked others. They’ve already given me thoughts w/o reason that put doubts in my head(thats b4 this), so I wanted to bounce this off u guys first. We’ve known each other since feb. married in
may. I came back to the states in june. it’s november now. We want to be together…but in the states only. If I did return to india, it would be begrudgingly. Ick! Plus, I dont know what help I’d be. I’m unemployed(disabled, can’t get employed at the moment). So I’m of no monetary use. I”d just be in the way. This is my understanding, and i’m happy. I just hoped he’d come here when his papers are done and settle debt with the money he’d earn with a job he’d find here. But he wants to settle his family debts there before he comes here, reguardless of when his papers will be ready…or his visa call will come. That’s what saddens me I guess. But I do understand; I mean, y come to ur wife’s homeland ready to live ur life with her forever with a debt hanging over ur head? That’s not a way to start a happy married life I guess. What’s ur take? Harsh answers welcome, but please be nice about it. No vulgarity or rude yelling please! HOnest answers if u can. thanks.

John answers:

Looks like the last vital pieces of the jigsaw met the “limit to number of words”. Anyways – if you have met him, know him well, can trust him reasonably enough – leave him alone so he can sort out what he wants to sort. Does look flimsy though – like you say – he could earn his moolah in the UK/US if he wanted to (I’m guessing you are in one of those places) and cancel off his debts quicker. Thats what makes me suspicious. Be careful – he might be having another “wife” in India especially if his state causes you to cringe even without being there :) Very very suspicious – why dont you land up uninvited and take a 1st hand view of the situation? Unless thats physically dangerous to do….

Ahhh…. The addittional info is what I was looking for – if your man is anywhere close to normal Indian men – you might be in a spot of bother here…. B4 we conclude:
1. How do you survive if you cannot work? Maybe that is what is causing him to have second thoughts. He is afraid of too much responsibility. Plus look at his point of view – he will be equally at sea with you at his side in a foreign land – not too much to look forward to – right?
2. What kind of work do you expect him to do? Is he qualified for US work? Does he have a permit? Are you a citizen? Talk it through with him. Use this answer as proof of your sanity. He might just be convinced.
3. Unfortunately there is a 3rd possibility (scuse me if I am too blunt here), the ego-maniacal Indian male might have married you in a burst of love – but now sense has prevailed and considering you are challenged – he might want nothing to do with you.

However, saving grace is that, if you can convince him of the profitability of the situation and the true love he can look forward to (if he was in love in the first place) – he might still come back.

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