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November 11, 2003 8:47 p.m. PST
Hello Dear Friends and White Knights,
I often receive emails from people asking how NESARA impacts their
financial affairs. I am repeating a previous Dove Report below which I
have revised today to answer most of these questions.
Blessings and Love,
Dove of Oneness
NESARA Economic, Financial, and Legal Benefits, Revised November 11, 2003
The "National Economic Security And Reformation Act" - NESARA - provides
major benefits to Americans including:
1. Forgiveness of credit card, mortgage debt, and other bank loans as
remedy for bank and government frauds;
2. Abolishes the IRS; creates flat rate non-essential "new items only"
sales tax revenue for government;
3. Initiates U.S. Treasury Bank System which absorbs the Federal Reserve
and new precious metals backed U.S. Treasury currency;
4. Restores Constitutional Law;
5. Requires resignations of current administration to be replaced by
Constitutionally acceptable NESARA President and Vice President Designates
until new elections within 120 days;
6. Requires the President Designate to declare "Peace" enabling
international banking improvements to proceed smoothly; ends U.S.
aggressive military actions immediately, and many more improvements.
Some of the major purposes of NESARA are to IMPROVE the liberty and
prosperity of average people worldwide. All aspects of NESARA have been
thoroughly researched and developed to ensure the average person's life is
improved and their financial and economic assets are safeguarded
throughout the NESARA improvements processes.
People in most countries will receive bank-related debt forgiveness for
credit card debt, mortgages, car loans, education loans, personal loans,
home refinancing mortgages, home equity loans, etc. similar to what people
in the U.S. are receiving. Credit cards issued by major merchants such as
Sears will also be forgiven because the funds backing these merchant
credit cards are ultimately linked back to banks.
Credit Unions are "banks" and they will have to do the NESARA debt
forgiveness just like other U. S. banks. Some credit unions have signed
agreements to be affiliated with banks which are U.S. Treasury banks. All
U.S. credit unions will have to do this to become part of the new U.S.
Treasury bank system within weeks of the true NESARA law announcement.
The BANKS and credit unions in the U.S. are being PAID $9,000 per credit
card to zero the credit card balances out and are PAID GENEROUS amounts to
forgive the car, education, mortgage, personal, refinancing, and equity
loans, etc. The banks are being paid generously to do the debt
forgiveness out of massive funds that have been accumulating for well over
20 years in European banks.
In most countries, there will be INCREASES in the monthly amounts of
social services payments similar to what people in the U.S. will receive
for Social Security retirement payments, disability payments, military
disability and pensions payments, and family support payments, etc. within
a few months of NESARA being announced. All federal government social
services payments will be continued after NESARA until U.S.
citizens/sovereigns/natural persons begin receiving funds from the "new
prosperity" program based on financial redress for past government and
banking frauds. This means that all Social Security payments, all federal
government payments to people for welfare, unemployment, pensions, etc.
WILL CONTINUE after NESARA is announced and the monthly amounts will be
increased.
The "new prosperity program" based on financial redress will be publicly
announced after NESARA is announced. Eventually all people worldwide will
have access to new prosperity programs. It's time the world's people were
lifted out of "survival". Some experts state there has been enough money
in the world for the last 30 years that if the money were evenly
distributed, every person would be a millionaire. Five percent of the
world's people control 95% of the world's wealth; NESARA frees up vast
amounts of money which have been accumulating in mainly European banks for
worldwide distribution to all the world's people except those people
serving the dark agenda. NESARA initiates the distribution of this vast
wealth to people all across the world.
People's pensions and investments are also being protected by the NESARA
process. Most people's pension funds are invested in some stock market
investments or similar kinds of investments. There are special provisions
in NESARA to PROTECT the average person's pensions and investments. Most
people's investments in the stock markets will be worth the same relative
amounts after NESARA is announced that these investments were worth
immediately before NESARA. People who are drawing pensions can expect to
continue to draw their pensions after NESARA without any problems.
The STOCK MARKETS, currency exchanges, and commodities markets will be
CLOSED for a period of days after NESARA is announced. The White Knights
enlisted contributions from the world's best experts in economics and
banking systems regarding how this WORLDWIDE shift in our economies will
be handled. There is an INDEX of prices of products and services which
will be tied to the price of gold and which will be used following
NESARA's announcement. The prices of stocks and bonds will be protected
from losing value and the major stockbrokerage firms have already set up
"conversion tables" which they will use after NESARA is announced. It is
expected that the price of gold will go up after NESARA is announced,
HOWEVER, stocks, bonds, etc. will HOLD their value because this has
already been built into the formulas.
We ALL will be receiving education via news and seminars in how the NEW
economic foundations will work. On May 19, 2003 a CNN news reporter
stated that Alan Greenspan has 30 hours of education on film about the
"new monetary system". All 30 hours of information on the new monetary
system will be broadcast within a few days of NESARA's announcement. Some
sections of the 30 hours will apply to other countries as well as the
U.S.
Most of us have no knowledge of how economies work when the value of
products and services are expressed in currency which is backed by
precious metals. Most of our beliefs about how economies work will have
to be changed after NESARA is announced. The 30 hours of education will
provide us considerable education about the new economic foundations of
our economies before normal trading activities in stocks, bonds, gold,
commodities, etc. are restarted.
The amount of money people have in their checking and savings accounts
will be the same amount right after NESARA that was there immediately
before NESARA was announced. The amounts people have in their bank
accounts will be automatically valued in the new U.S. Treasury currency
immediately after NESARA's announcement. There will be ZERO loss of money
in people's bank accounts from NESARA's announcement.
After NESARA is announced, we will be exchanging our Federal Reserve Notes
for the new U.S. Treasury bills and we may do the exchanging in a number
of ways. We can pay for our purchases with the Federal Reserve Notes we
have on hand and major merchants and the U.S. Post Office will give us our
change in the new U.S. Treasury currency. We may also exchange our
Federal Reserve Notes at "certain" ATM machines where we can insert our
Federal Reserve Notes and get back the same amount of money in the new
U.S. Treasury bills. Finally, when U.S. banks re-open their lobbies
following bank closures to do their NESARA transition processes after the
announcement, we can take our Federal Reserve Notes into banks and
exchange them for the new U.S. Treasury bills. There is zero benefit in
holding onto the Federal Reserve Notes after NESARA is announced, and we
will be able to easily convert them to the new Treasury currency. The
coins we are using will continue to be used.
Just as in the U.S., the paying of personal and corporate national income
tax will END around the world in the months after NESARA's announcement.
Immediately, as of NESARA's announcement, the IRS is abolished in the U.S.
and all payments of federal income tax by individuals and corporations
will totally CEASE. The only thing the IRS will do is process REFUNDS for
some months after NESARA is announced. Some IRS personnel and facilities
will be transferred to the new activities of collecting and processing the
new national sales tax which NESARA initiates to raise funds to pay for
government services.
Because NESARA abolishes the Federal Reserve System and provides for the
buyout of all shares and facilities of the Federal Reserve corporation by
the U.S. Treasury, NESARA immediately wipes out over 90% of the U.S.
national debt. The Federal Reserve System's charges of fees and interest
are the MAIN CAUSE of the U.S. national debt and therefore after the
NESARA buyout of the Federal Reserve, the government can cancel all debts
owed by the government to the Fed and this will wipe out over 90% of the
national debt. For anyone who does not understand the truth behind the
Federal Reserve System, I suggest you read the Dove Report entitled
"NESARA Brings Prosperity; Fed. Res. is Private Corp" and dated
December
5, 2002. You may find this in the Dove Reports on
www.white-knights911.net in the December 2002 section.
I have written about the price reductions required by NESARA over the last
30 months of writing about NESARA. Right now the PRICE of everything in
our lives is based on the purchasing power of the Federal Reserve Notes
which are basically 'worthless' fiat money that has nothing backing it but
"confidence" in the U.S. government. Since Roosevelt took us off the gold
standard in the 30's, we have had MASSIVE INFLATION due to the fact there
was nothing of value standing behind our money and also the Federal
Reserve banking system has many "built-in" factors that CAUSE inflation.
When the White Knight Justices developed the reformations of our banking
and currency system which sets up our new U.S. Treasury bank system and
absorbs the physical assets and personnel of the Federal Reserve system,
the Justices called together a coalition of the world's foremost economic,
monetary, and banking experts, as well as experts in Constitutional Law.
One of the major tasks was to REMOVE the INFLATION from the prices of
everything we buy. The decision was made to REPRICE everything so that we
start with a NEW price structure and an economy where the VALUE of
everything is supported by NEW precious metals backed currency.
The Justices and their coalitions of economic, monetary, and banking
experts have met with the heads of nearly all governments worldwide to
discuss these issues and have contractual agreements and treaties signed
by heads of all these governments stating that their country will also
make these changes within FOUR months of the true NESARA law being
announced. When the true NESARA law is announced, there will be many
follow-up press conferences regarding the DETAILS about how the new
pricing structures will work. Basically within 30 days of NESARA's
announcement, PRICES on most products and services will be REDUCED in the
U.S. to ten percent of what they are now. A month after NESARA is
announced, a new television which currently is priced at $350 will be
repriced to $35 purchase price.
The White Knights have had the top experts in all fields provide input and
when ALL prices of ALL items are adjusted downward about one month after
the true NESARA is announced, there will be similar adjustments in the
prices of stocks and bonds. Stocks and bonds WILL KEEP their value
because EVERYTHING is being repriced. The repricing of stocks and bonds
will be just like the repricing of milk, eggs, and bread in the
supermarket. Instead of paying about $4 for a gallon of milk, we will pay
40 cents when the price changes go into effect. Instead of paying $1.80
for a gallon of gas, we will pay 18 cents per gallon. Stocks and bonds
will be repriced in the same way as other commodities we buy.
About a month or so after the true NESARA law is announced, ALL items and
services we buy will be repriced to correct for the massive inflation IN
PRICES of things that the Federal Reserve banking system has caused.
Right now we pay for things with basically worthless Federal Reserve
"fiat" money. But after the true NESARA law, we will change over to our
new U.S. Treasury bank system and currency and our Treasury currency is
BACKED by gold, silver, and platinum. Consequently, under the new U.S.
Treasury bank and currency system, there MUST be an adjustment in the
current prices on items and services TO SQUEEZE OUT the inflation in
current prices that is totally due to our using worthless Federal Reserve
fiat money.
In the month after NESARA is announced, people in the U.S. will be paid at
their current rates. At the end of the 30 days when the new prices are
instituted, people will actually have a month of salary and compensation
that will be like a big bonus because that month of compensation will buy
90% MORE the next month when the new prices are instituted.
The second month after NESARA is announced, the wages, salaries, and other
compensation will be repriced and will have the same purchasing power as
now because all prices of products and services will have been adjusted
downward in exactly the same proportion as people's wages, salaries, etc.
Let me give an example so you understand. IF NESARA were theoretically
announced on November 18, then all merchants and providers of products and
services would have 31 days (one extra day to make up for the Thanksgiving
Holiday) to get ready to change their prices by December 19. On December
20th, the NEW reduced prices of everything would take effect. If you make
$3,000 a month, from November 18 through December 19th, you would
continue to be paid $3,000 a month.
Let's say that you normally pay $600 a month food and other routine
supplies a month. On December 20th when prices would be decreased by 90%, you would have
earned $3,000 in the last 30 days, however you would only have to pay $60
for your food and routine supplies. You would have $540 you can use for
other things. In addition, you would have NO income tax taken from your
paycheck as of November 19 and you would have no credit card, mortgage,
car loan, education loan or other bank debt payments to make. You would
pay social security taxes & Medicare (FICA taxes - 7.4%) but with all the
debt forgiveness and no income tax deductions or other deductions, you
would have $2,778 of your $3,000 available to you to spend or save. The
point I'm making is that you would have a BIG bonus of money from your
current income when the prices would go down in this theoretical example
on December 20th.
Because all prices must be adjusted to 10% of the current prices 30 days
after NESARA is announced, your wage and salary must also be adjusted to
10% on December 20th. Your new wage WILL STILL BUY THE SAME AMOUNT as
now because the prices of EVERYTHING will also be repriced to 10% of
today's prices. The repricing of EVERYTHING at the same time means that
no one loses any money but in fact, people will have a big bonus amount of
disposable income at the end of the first month AFTER NESARA is announced
which they might be able to use for something special.
The prosperity program amounts being funded to current prosperity program
members in the U.S. will NOT be reduced after NESARA is announced because
these amounts are cash in our bank accounts today. If we have, for
example, $10 billion in our prosperity program bank account, it will still
be $10 billion after NESARA is announced. However, the $10 billion will
buy 90% MORE after the repricing of products and services.
In addition, one of the most amazing improvements that rolls out from
NESARA and across the world is that all people worldwide will eventually
have the same rights that we Americans have when NESARA restores our
Constitution and Bill of Rights to law of the land. When I first heard
about this, I wondered how this was being arranged. All I can tell you
today is that over 180 countries have signed treaties to do this and there
was "divine intervention" in the process of getting these treaties
signed. Fairly soon after NESARA is announced, the details will be
revealed.
The restoration of Constitutional Law vastly improves our lives in ways
that are almost unlimited. NESARA wipes out all the traitorous laws like
the p.a.t.r.i.o.t. act, the homeland security act, and many other laws
back to 1933 when FDR took us out of Constitutional Law as well as
selected laws prior to 1933. Under Constitutional Law, the inventors of
all the NEW ENERGY devices will be able to safely make their devices
publicly available and zero government agency or corporation will be able
to stop them. Alternative medical therapies and technologies can also be
made available without worry of attacks by FDA agents or other government
interference. There are many technologies and products which have been
suppressed and the inventors of these will be able to safely and publicly
unveil these technologies and products which will help many people.
The restoration of Constitutional Law also requires that all judges, law
enforcement, and others MUST attend educational seminars and learn about
Constitutional Law. All courts in the U.S. will be closed for at least
one month while these Constitutional Law seminars are being conducted.
Any court cases in process will have to be re-filed using Constitutional
Law foundations; many cases now clogging up the court systems will no
longer be valid court cases under Constitutional Law. In addition, many
people who have been imprisoned under UnConstitutional laws such as income
tax laws, will be released from prison within weeks after NESARA is
announced. There will also be educational seminars on television
regarding Constitutional Law which is based on Common Law and we all will
be learning about this.
Some people, such as IRS employees, will find that their jobs no longer
exist or their income is decreased by the announcement of NESARA. In the
U.S. ALL people who can prove their income has been reduced by NESARA will
be eligible to apply for generous financial allotments which will carry
them through until they have new income sources.
NESARA brings most of the world's people increased prosperity, liberty,
peace, and more knowledge which enables them to flourish. NESARA Yes!
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