An Answer to the Sovereign Debt Crisis
by Ron Holland
by Ron Holland: When
the Saudi Monarchy Falls
Get ready as
secession is coming soon to a failed union near you. Over the weekend,
the news has been full of reports about Scotland
getting ready to vote on independence from the United Kingdom
after the election victory by the Scottish National Party. The UK
has stated it will abide by the coming referendum but we fear the
Bank of England, their central bank will not be so agreeable.
Also we hear
with the usual denials, that
Greece is considering withdrawing from the Eurozone due to their
sovereign debt problems. The Greek leadership believes dumping the
Euro and creating their own currency will allow them to inflate
their sovereign debts away as well as getting the country out of
recession and forced austerity from Brussels. These same Greek politicians
should have thought of this when earlier receiving their big payoffs
and incentives to force the nation into the EU. They will claim
the motive now is patriotism to save the nation as sometimes even
politicians will become patriots when necessary but we expect they
see another graft opportunity.
Central Bank (ECB) will not be pleased with Greece because its Greek
bond portfolio will suffer. Also these individual political actions
where citizens decide their future rather than distant central banking
cartels and eurocrats threatens the entire European Union. The EU
and ECB were just a sham and power grab from the beginning for power
hungry European elites not content with just pillaging their own
Political Action Can Solve the Sovereign Debt Crisis
the right for an area to leave a government tax jurisdiction (national
boundaries) based on the will of a majority of the voters in the
geographic area wishing to peacefully withdraw by democratic means
and create a government more in tune and controlled by the citizens
in the region. Often just the threat to withdraw from a larger union
is enough to cause the central government politicians and central
banking cartel to better follow the needs and dictates of the people.
But when all other political remedies fail, secession is often the
final solution to an elite political and central banking tyranny
which steals from the people for the benefit of the controlling
Anglo-American monetary elites in many Western nations.
media avoids like the plague the only real solution to the sovereign
debt crisis around the world because they are totally controlled
and exist only to protect the elites which created the sovereign
debt crisis in the first place. Today democratic secession is starting
to happen in Scotland and Greece and this peaceful political tool
is a real alternative to forced unions like the American and European
Union as well as national politicians on the take that pillage their
own individual nations.
most forced, arbitrary unions of nation states are ended today,
the action is by negotiation, democratic voting by the regional
citizens involved and then a friendly and cooperative relationship
with the former state. Scotland which was annexed into the British
Empire by terrible wars and force of arms over hundreds of years
will likely soon depart peacefully as did the old nation of Czechoslovakia
split into the Czech and Slovakia Republics back in 1993.
Would Allow New Nations to Repudiate the Sovereign Debt of Former
Governments and Create a New Currency
I fear, here
in the US, if we fail to take the necessary political actions to
protect our wealth now at a time of our choosing, then foreign creditors
and markets will decide when the American debt and the dollar are
finished. Secession is one alternative and I hope others will come
up with additional solutions. But citizens of every overly indebted
state need to ask themselves and their political representatives
a few questions.
Are the benefits
of powerful central banking and political elite controls worth the
economic costs, debts on future generations and the loss of personal
and financial liberties?
Would we not
be better off as new independent sovereign states or nations with
the opportunity to create our own currencies after repudiating all
or part of the illegitimate sovereign debt created to benefit the
central bankers and monetary elites?
taxes, controls, welfare/warfare expenses and government debts which
threaten to impoverish the individual states and citizens worth
the costs of control, economic rape and financial pillage from central
government politicians and central bank thugs out only to make more
money and profits at the expense of normal productive citizens?
Would you rather
as an individual or a nation become debt free and prosperous with
your own currency or allow the central banks to continue their actions
which have brought most western nations to the brink of ruin and
If you answered
yes to these four questions, then it is time to begin organizing
and taking peaceful democratic actions to save our liberties and
remaining wealth before the coming Treasury debt and dollar crisis
happens in the United States as it has in Greece.
The time of
large nation states began to end when they realized they could borrow
from our posterity to buy votes and control today. The new internet
reformation makes it impossible for media and political elites to
hide the truth about our economic situation from the voters or world
investors. This new transparency creates both danger and opportunity
and we can either seize the opportunity for freedom or wait for
the danger of economic collapse.
United States to a Debt-Free These United States
not have to mean the end of your nation but rather a democratic
change from an incompetent structure representing elite interests
into a decentralized limited government which serves the interest
of the citizens rather than the central bankers and political establishment
would be a positive change. For example, the individual American
states could secede and withdraw from the existing Washington federal
government and come together again through a debt-free, limited
federal system like the Articles of Confederation.
in Europe, a confederation of independent sovereign nations with
the right to voluntarily enter and leave a European Confederation
might be the solution to the top-down failures of the European Union.
In the US,
now with easy communication and travel a simple return to our decentralized
Articles of Confederation would allow the individual states to compete
with currency alternatives along with private competitors as well
as repudiate the illegitimate sovereign debt of the former federal
government. This national debt was created primarily to fund money
making opportunities for a few favored elite controlled global corporations,
banks and oil conglomerates but paid for by our taxes and with sovereign
debts on future generations.
Be Both a Political and Monetary Secession!
from a former political entity if the new nation retains the same
central banking cartel and fiat currency without a new replacement
alternative really accomplishes nothing. At best, you would have
a new generation of tax feeding politicians and bureaucrats at the
public trough and no more. The solution for most regions is to leave
the political elites, their sovereign debt and the central bank
controls behind when declaring independence.
fiat currencies and the central banking monopoly can only survive
if there are no alternatives. One day soon. A nation or nations
and maybe even private entities will take the concept of the Central
Fund of Canada which is made up of gold and silver bullion and traded
like a stock on several exchanges and create a new store of value
for the 21st Century. They might use controlled and owned
gold and unmined gold reserves, oil and oil reserves with maybe
timber or another finite resource and create the ultimate store
of value for world investors.
store of value and competing alternatives using the free-market
could then transcend into a real alternative to central bank fiat
currencies and thus end the hundred year reign of the Anglo-American
central bank monopoly cartel on currency creation, sovereign debts
and inflation wealth destruction. Until this happens, individuals,
organizations and businesses can take advantage of gold storage
mechanisms like the Central
Fund of Canada and Global
Gold of Switzerland until new more diversified alternatives
It is now time
to prepare a secure future for ourselves and future generations.
It is time to leave the governments behind who oppress us and the
central bankers which plan to finish us off in the coming US dollar
and sovereign debt crisis.
William Wallace Was Right!
In the 13th
Century,William Wallace gained recognition when he led the Scottish
people in their fight against English occupation in the First War
of Scottish Independence. Who can forget the last scene in the 1995
film epic, Braveheart, as the English were torturing Wallace
and his last words were "FREEDOM."
I believe the
cry of William Wallace for "Freedom" and Scottish Independence
should be carried forth across the WEST today.
- It is time
to demand freedom from national sovereign debts we did not approve.
from central banks we never wanted which are destroying our economies
and our currency.
- Free us
from far off bureaucrats and Anglo-American elites which increasingly
seize our wealth for their purposes.
- End the
enticement of our children and grandchildren into serving their
interests in foreign wars for wealth and resources rather than
defending our nation.
in Europe have had the opportunity to vote on EU membership and
when they did the answer was usually a resounding "NO."
no living citizens have had an opportunity to democratically vote
on remaining in the arbitrary American union since 1860 when 11
states were allowed to vote at the state level.Here the democratic
majority in the Southern states was overturned by Lincolnís War
which killed over 600,000 Americans.
It is time
to put the killing and war on citizens and regions wanting to leave
forced inclusion behind us as is the case of the United Kingdom
allowing the citizens of Scotland to decide and choose whether to
remain in the UK or leave and remain allies of equal position. The
days of tyrants like Saddam Hussein, Gadhafi and Lincoln making
war on their own citizens who simply want to leave and be left alone
should be over.
It took Scotland
almost a thousand years but soon this proud people under the St.
Andrews Cross will be rid of English and Anglo-American rule and
Scotland will once again take its rightful place among the nations
of the world.
This year marks
the 150 anniversary of another nation which also fought under the
sacred banner of the St. Andrews Cross. General Robert E. Lee prayed:
"While we see the course of the final abolition of human slavery
is still onward, and give it the aid of our prayers, let us leave
the progress as well as the results in the hands of Him who, chooses
to work by slow influences, and with whom a thousand years are but
as a single day."
slavery ended a few years after Leeís prayer, today most of the
Europe and the Americas are increasingly slaves today. The war that
ended chattel slavery paved the way for the destruction of the Southern
economy and political power to allow a new kind of slavery, central
bank slavery which began with the creation of the Federal Reserve
Today we are
all slaves to fiat currencies which decimate our wealth, central
banks and governments which create and burden future generation
with sovereign debt and controls which are destroying our remaining
freedoms and liberties.
It is time
for the West to follow the halting steps of Scotland and Greece
and begin the cry for Freedom from those financial institutions
and political elites who oppress us and consider us as mere slaves
to be manipulated, wealth creators to be fleeced and cannon fodder
for their global wealth and resources plunder expeditions.
What do you
Holland [send him
a contributing editor to the Swiss
Mountain Vision Newsletter
and Chairman of the Advisory Board of the Foundation for the Advancement
of Free-Market Thinking (FAFMT)
in Vaduz, Liechtenstein.
© 2011 by LewRockwell.com. Permission to reprint in whole or in
part is gladly granted, provided full credit is given.
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