ILLEGAL BONDS by Ed Henry
		..........34 percent of the national debt, $1.9 trillion, is tied up in illegal bonds—bonds that are not valid contracts, that are a plague on the public, and that should be stricken from the records. ..........If the Justice and Commerce Departments were doing their job, these "special obligation nonmarketable bonds" would be declared non-binding, tossed out, and the people who pushed them on the public would be jailed. There is no excuse for the flagrant criminal behavior of our government. ..............................................................................Legality ..........As contracts between borrower and lender, these bonds are a joke. The lenders are not free to enter into contract and to examine content subject to the requirements of good faith and fair dealing. The people who put up the money (lenders) are completely unaware of the terms of the contract and given absolutely no choice or voice in the matter. ..........The money taken by the government was, as far as the public is concerned, contributed to entitlements like Social Security and Medicare or user taxes like gas taxes or Intracoastal Waterway fees. This money, stolen by Congress and the Administration, has no business whatsoever as part of a contract other than with the entitlement for which it was collected. Everyone in Washington knows this, confesses to the theft, but then tries to convince the public that they are represented fairly by these bonds. In reality, these bonds are nothing more than double taxation. Only the public will eventually redeem them. The thieves are not going to come up with the money out of their own pockets—although they should rightly be forced to do so (see: Lawsuit). .........Unlike bonds sold on the open market, the public is not aware of the price of these bonds, their maturity dates (if there are any) or the interest involved. How can they represent a valid contract? ..........Worst of all, there is absolutely no profit involved—not for the lender. In the case of many of the entitlements, the lender will pay the same tax again, a second time, plus interest. ..........The thieves pay annual interest to trust funds holding these illegal bonds by simply issuing more illegal bonds. The public's debt becomes even greater—more than a 100 percent loss on the original stolen money—additional taxation. The Treasury calculates this interest on a four-year model of interest paid on long term marketable bonds; i.e., real contracts with people buying honest bonds on the open market. ......................................................................Hush money ..........The way Congress and the Administration get their staffs and more than two million federal employees to go along with this crime is by bringing them into the scam—making them part of it. They do this by setting up fantastic perks for the potential whistle-blowers. The junior pirates then dare not say anything for fear of losing their "benefits." ..........Of the 168 different trust funds held by the federal government, more than 100 of these are special benefits for employees, federal judges, postal workers, and all of the secretaries and grunts running around Washington. The military does the same thing under its twenty-year retirement plan and other benefits. ..........The way these benefits are provided is simple. First, they legislate the particular benefit. Then they set up a trust fund as employee insurance, health care, retirement, gift accounts, Christmas funds or whatever, and they simply issue the trust fund a pile of these illegal bonds. There's no money involved. When a payout is required, they simply take it out of that year's general taxes—the general fund base of income and corporate taxes, your money. And the public does without something they might have received in services like education, defense, agriculture or any other item of discretionary spending. ..........The federal Office of Personnel claims that these perks are necessary to ensure that the government attracts the best people. ...................................................................Sucker money ..........Some of these trust funds were set up by philanthropists like Morris K. Udall or were taken over like the Railroad Retirement Trust Fund. The government never refuses to take money. There's even one foolish old lady who gives the federal government $5,000 every year because she thinks that the government needs more help and she's doing something good. ..........Congress and the Administration take this cash too. They take it and blow it wherever they want. Then they put illegal nonmarketable bonds in a trust account in the sucker's name. .........You will redeem these bonds if and when any real money is required just as you will replace all the excess entitlement money they stole, now totaling $1.9 trillion. ...........................................................................Result ..........With about 140 million people working, that comes to an average of $13,500 for every working person in the country. $13,500 that you had stolen. $13,500 that you will have to pay or pay again someday. $13,500 worth of benefits not working for you in any way. ..........All this, while federal employees are making about 30 percent annually on their excess retirement payments invested for them in the stock market as a true pension plan. And candidates for President pussyfoot around with inept solutions for the public. ..........How long are you going to put up with this crap??? ..........................................................................Solution ..........There is only one viable solution. Take all of these illegal bonds and dump them. Take them off the books. This will immediately reduce the national debt by 34 percent. ..........Then take all excess or "surplus" entitlement payments and monthly deposit them in the hands of trustees in the private sector. Trustees who will be allowed to invest anywhere except in Treasury securities, just as the government does for itself and its employees. Either that, or give the excess back to the working public. ..........Next week, I'm going to give you a Christmas present. I'm going to tell you how you can legally do this for yourself without waiting for the crooks to change things.