Proposed 28th Amendment to eliminate taxation at all levels


It being recognized and acknowledged that "TAXATION" is nothing other than legalized armed robbery; and that the utilization of electricity has made gold and silver coin inappropriate to be used as money; and that the interest surcharge attached to money lent by the People's Central Bank should be the property of the People of the United States, it is hereby resolved that:
 
The purpose of this amendment is to eliminate all taxation in the entire Federation; Federalize the Central Bank and fund all four levels of government with interest collected on Central Bank Loans extended to borrowers in the private sector by the People's Central Bank.
 
To facilitate the foregoing:
 
A Central Bank to be known as The People's Central Bank is hereby created;
 
The Federal Reserve Act is hereby dissolved;
 
All monetary obligations and transactions agreed to prior to this amendment shall continue in effect as agreed to, as though the Federal Reserve System were still functioning.  All Federal Reserve Notes now in circulation shall be honored by the People's Central Bank.  Such notes shall be replaced from time to time with notes identical to Federal Reserve Notes with the exception that they will be imprinted across the top with the words "People's Central Bank Note" and other minor technical changes.  Notes issued as replacements for Federal Reserve Notes shall be valid to be received as payment for all obligations previously entered into under the Federal Reserve System, however no new loans may be made lending notes of the People's Central Bank without a prior license procured from the People's Central Bank.  All new commercial loans will be required to bear an interest surcharge payable to the People's Central Bank (mortgage loans, business loans, credit card loans and loans of every nature, other that loans to family members of the first degree, are deemed to be commercial loans).
 
Except as hereinafter modified, all monetary activity heretofore engaged in by the Federal Reserve are hereby assigned to and assumed by and will be continued by the People's Central Bank;
 
All facilities previously owned and operated by the Federal Reserve are hereby Federalized and will hereinafter be owned and operated by the People's Central Bank".  
 
There is hereby created what shall be known as "The Board of Governors of the People's Central Bank".  Those men who are currently serving on the Board of Governors of the Federal Reserve System are hereby appointed, should they choose to accept such appointment, to serve on the Board of Governors of the People's Central Bank, with the same rate of remuneration as previously.  The Board of Governor's of the People's Central Bank shall have no authority to regulate interest rates nor to engage in any function what-so-ever with out direct specific instruction from the Legislatures of the Several States.  The Legislatures of the Several States shall have full, one hundred percent control over the operations of the People's Central Bank, in every respect.  None of the legislatures of the Several States shall have authority to borrow money from the People's Central Bank for any purpose what-so-ever;
 
The following articles and provisions of the Constitution of the United States of America are specifically repealed and/or modified as set forth herein below:
 
111111111111111111111111111111111
 
Article 1 Section 1 Clause 3 - Providing for direct taxes to be apportioned according to population, is replaced as follows: The interest percentage rate surcharge to be attached to all loans to private sector borrowers shall be determined, from time to time, by the legislatures of each of the Several States, by
the local legislatures of each level of government of each local community, as determined and in accordance with rules established by the State legislatures of each of the Several States.  This Section shall be liberally construed to accord each level of government as much autonomy as is reasonably possible and interference thereby by the state legislatures shall only be asserted upon a request presented by means of a petition signed by thirty percent of the property owners of each community so petitioning;
 
222222222222222222222222222222222
 
Article 1 Section 6 Clause 7 - Bills for raising revenue shall originate in the House of Representatives, is replaced as follows:  The State Legislature of each of the Several States shall determine a rate of interest percentage to be attached to each and every loan extended by the People's Central Bank to private sector borrowers in each of the State Legislatures own state.  This interest percentage rate may be unique in each state with no consideration to the interest level set in any of the other Several States;
 
 
333333333333333333333333333333333333
 
Article 1 Section 8 Clause 1 -The Congress shall have power to lay and collect taxes, Duties, Imposts and Excises is replaced as follows:  The Congress of the United States shall nave no authority to raise revenue.  All revenue apportioned to the Federal Government shall be determined by the legislatures of the Several States, each State determining for itself the level to be provided to the Federal Government by its state.  When the monies are collected and paid over to the federal Treasure, then and only then may the Congress of the United States appropriate such monies for Federal expenditures;
 
4444444444444444444444444444444444444
 
Article 1 Section 8 Clause 1 - [Congress shall have power] to borrow money on the credit of the United States is replaced as follows: The Congress of the United States shall hove no power what so ever to borrow money from any source what so ever.  If any lender were to extend credit to the Federal Government of the United States, let such creditor be hereby advised - such loan will not be repaid through revenues collected on interest surcharges laid on loans to private sector borrowers in any of the Several States of this Federation.  Any such lender will have full recourse to sue any member of Congress who applies for any such loan, on a personal basis, in order for such lender to recover such loan.
 
Neither shall any state legislature of any of the Several States, nor any sub entity thereof, have any authority whatsoever to borrow money from any source whatsoever and any lender who were to extend any such loan to any level of government of this Federation may attempt to recover the principle thereof as previously set forth in this section above, by suing the legislator, but only in his private capacity;
 
 
5555555555555555555555555555555555555
 
Article 1 Section 8 Clause 5 [Congress shall have power ] To coin money, regulate the value thereof, and of foreign coin is replaced as follows: It being recognized that the electrification of human society has forever made gold and silver coin impractical as a medium of money, the use of gold and silver coins is replaced by the use of paper money to enter circulation as the principle of loans extended by the People's Central Bank to borrowers of the private sector, backed by the promise of the private sector borrower to create goods and services equal to the loan principle advanced, together with the interest surcharge agreed upon, and as from time to time regulated by statute of each States Legislature, but such interest surcharge is never to be increased to a level above that which was agreed to by the private sector borrower at the time and on the date the loan contract was agreed to.
 
Nothing in this Amendment shall in any way be construed to in any way preclude private parties from engaging in agreements to be paid in gold and/or silver coin (or other agreed to medium), and such contracts may be enforced in courts of the United States in accordance with the terms of the subject contracts;
 
6666666666666666666666666666666666666
 
Article 1 Section 8 Clause 6 [Congress shall have power ] To provide for the punishment of counterfeiting  ... current coin of the United States is replaced as follows:  [Congress shall have power ] To provide for the punishment of counterfeiting  ... current paper currency of the People's Central Bank of the United States;
 
77777777777777777777777777777777777777777777
 
Article 1 Section 8 Clause 11 [Congress shall have power ] To declare war is replaced as follows:  The war declaring powers of this Federation are hereby reclaimed by the Legislatures of the Several States. 
 
In the event that the United States or any or its possessions are attacked by an identifiable foreign power, and the Legislatures of Seventy-Five percent (75%), of the then surviving Several States then in Body Assembled shall declare, then and only then shall the United States be deemed to be in a state of war.  In no event shall the President of the United States or the Congress of the United States have authority to engage the military or any other forces of the United States in any sort of armed conflict with any foreign power or other foreign entity without the declaration of war approved by Seventy-Five percent of the then viable State legislatures as previously set forth herein.  In the event that such a condition is declared - the same percentage of Legislatures of the Several States as previously set forth herein, shall instruct the Board of Governors of the People's Central Bank to credit the Treasury of the United States Government with an amount of money as such Legislatures shall at that time deem appropriate - in no event shall the Congress of the United States have authority to order the Board of Governors of the People's Central Bank to advance funds to the credit of the Treasury of the United States.  Such advancements shall not be construed as interest bearing loans nor as loans of any nature - such advancements shall be construed as advances on what will be the Federal Government's portion of interest collected on future revenue from interest collected on loans to private sector borrowers;
 
8888888888888888888888888888
 
Article 1 Section 9 Clause 1  Congress may impose a tax or duty on imported persons is replaced as follows:  The Congress of the United States is hereby forever prohibited from imposing a tax or duty on any transaction of any and every nature what-so-ever;
 
999999999999999999999999999999
 
Article 1 Section 9 Clause 4  Congress given the authority to lay a direct tax based on apportionment of population is replaced as follows:  The Congress of the United States and the legislayures of the Several states are hereby forever prohibited from imposing a tax or duty on any transaction of any and every nature what-so-ever;
 
10101010101010101010101010101010
 
Article 1 Section 9 Clause 5 No tax or duty shall be laid on articles exported from any state is replaced as follows:  The Congress of the United States and the legislatures of the Several States are hereby forever prohibited from imposing a tax or duty on any transaction of any and every nature what-so-ever, and likewise, no state shall ever have any authority to lay a tax or duty of any nature what-so-ever on any entity what-so-ever;
 
 
11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11
 
Article 1 Section 9 Clause 6   No preference shall be given by any regulation of commerce or revenue to the ports of one state over those of another: nor shall vessels bound to, or from one state, be obliged to enter, clear, or pay duties in another is replaced as follows:  No preference shall be given by any regulation of commerce to the ports of one state over those of another: nor shall vessels bound to, or from one state, be obliged to enter, clear, or pay duties of any nature to another or to the United States.  The Congress of the United States and the Legislatures of the Several States are hereby forever prohibited from imposing a tax or duty on any transaction of any and every nature what-so-ever;
 
12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12
 
 
Article 1 Section 10 Clause 1 No State shall .... coin money ... make any Thing but gold and silver Coin a Tender in payment of Debt is replaced as follows: No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin or print money; emit bills of credit; make any thing but notes issued by the People's Central Bank a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility.
 
13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13
 
Article 1 Section 10 Clause 2 No state shall, without the consent of the Congress, lay any imposts or duties on imports or exports, is replaced as follows:  No state shall lay any imposts or duties on imports or exports; 
 
14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14
 
Article 1 Section 10 Clause 3 No state shall, without the consent of Congress, lay any duty of tonnage is replaced as follows: No state shall, without the consent of Congress, keep troops, or ships of war in time of peace, enter into any agreement or compact with another state, or with a foreign power, or engage in a war, unless actually invaded, or in such imminent danger as will not admit of delay.
 
 

Cheers,

I'm Eric, WhoRU??

Eric needs volunteers to help get the word out.

Can you get Eric on a Talk Show?

If yes email here



Watch your email for news, upcoming events, and conference calls

Sponsored by:

http://888Probate.com

http://InvisibleLLC.com

http://EstatePlanningSecrets.com

http://TopPayer.com

http://BestPayingAffiliates.com

 

 

Home Eric Whoru Volunteers About Ron Paul Breaking News Radio Schedule Hot Links