What should concern us is who stands in the way of solution, and why. mike montagne

KUDOS AND SOLUTION FOR ECUADOREAN PRESIDENT CORREA

Thanks to Mario Sikorski, Poland:

Ecuadorean President Rafael Correa officially announced that he will not be making the interest payments on his foreign bonds. The country has officially defaulted on its debt obligations. This is the second Ecuadorean default in ten years.

“I have given the order that interest payments not be made,” Correa said. “The country is in default.”

Source: http://www.chartingstocks.net/2008/12/ecuador-defaults/

Correa Defaults on Ecuador Bonds, Seeks Restructuring
Bloomberg - 19 hours ago
12 (Bloomberg) — Ecuadorean President Rafael Correa halted payment on foreign bonds he calls ?illegal? and ?illegitimate,? putting the South American …
Ecuador Defaults on Foreign Debt Upside Down World
Ecuador Declares Foreign Debt Moratorium Prensa Latina
Ecuador Drops the Money Ball: President Correa Threatens to Stiff … The Indypendent Australian

The solution for Mr. Correa (and the rest of the world) is simple:

Ecuador has simply allowed usurers to pose as creditors (producers), and to issue irredeemable promises to pay of the real debtor(s), at ever greater cost to all, and eventual collapse under terminal sums of debt.

Mr. Correa *CAN* therefore pay their debts; and it may take more balls *NOT* to do so.

What he needs to consider is making a “good faith” (equally good faith) gesture to “repay” “the debt” by issuing an equivalently legal irredeemable promise to pay. Whatever “the debt” is, scribble out on a piece of payer, “Will pay you bastards, whatever you bastards say the debt is at any moment.” Sign the equivalent irredeemable promise to pay as the legitimate representative of the Ecuadorean people, and *VOLUNTEER TO GO TO COURT*!

The world *WILL* be watching… The revolution *WILL* be televised… and the issue *WILL* be a) inherent, irreversible multiplication of debt in proportion to the circulation, to inevitable collapse under terminal debt; b) the equivalence of the irredeemable promises to pay; and c) singular solution (or the crime against the people).

Meanwhile, re-finance all debt without interest, and re-schedule payment to the rate of depreciation/consumption; re-publish to the people their losses (such as savings for retirement) suffered under usury; and sustain all that with mathematically perfected economy?.

If Mr. Correa is afraid “the U.S.” (mis-directed, usurped resources of the U.S.) will take him down… then simply resign after doing all this in one day. Let the world watch while the mis-directed, usurped resources of the U.S. are wrongly applied to setting up another puppet government to sustain usury; *THEN* the world will understand the scope and nature of the whole problem.

Visit http://www.change.gov/page/s/yourvision to pressure the Obama Transition Team to adopt mathematically perfected economy?. I’m aware the president-elect is hiring all the wrong people; but the fact you demanded representation when you could draws the line between the bad guys ??and the rest. Make sure you mention mathematically perfected economy? explicitly (maybe even providing a link to these pages), or your appeal may be lost in the ever escalating number of late comers who pretend to advocate a solution which existed long before them.

RELATED MATERIAL

1. http://www.chartingstocks.net/2008/12/ecuador-defaults/
2. [?KEY?]??THE PROBLEM IS NOT DEBT!
3. [?KEY?]??IF I WERE PRESIDENT ??HOW TO ARREST WORLD WIDE MONETARY COLLAPSE IN A DAY
4. SYNOPSIS ??MATHEMATICALLY PERFECTED ECONOMY? REDUCED TO ITS BAREST THREAD
5. PROBABILITY AND TIMELINE FOR WORLD-WIDE ECONOMIC COLLAPSE AS A CONSEQUENCE OF INTEREST
6. EVALUATION OF JEFFERSON’S OPINION ON THE CONSTITUTIONALITY OF A NATIONAL BANK
7. WHY DON’T THE DEMOCRATS REVERSE WILSON’S ERROR, AND REPEAL THE FEDERAL RESERVE ACT?

“To find the players in all the corruption of the world, ‘Follow the money.’ To find the captains of world corruption, follow the money all the way.”

mike montagne ??founder, PEOPLE For Mathematically Perfected Economy?, author/engineer of mathematically perfected economy? (1979)

? COPYRIGHT 2008, by mike montagne and PEOPLE For Mathematically Perfected Economy?.

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This entry was posted on Friday, December 19th, 2008 at 1:12 pm and is filed under AUSTRIAN SCHOOL, Barack Obama, CENTRAL BANKS, WORLD BANKS, DENNIS KUCINICH, ECUADOR, FEDERAL RESERVE, INITIATIVES, INTERNATIONAL - PERFECTED INTEREST FREE MONETARY SYSTEM, JOHN McCAIN, Mathematically Perfected Economy, NATIONAL - PERFECTED INTEREST FREE MONETARY SYSTEM, POWER, ABUSED, RECTIFICATION - PERFECTED INTEREST FREE MONETARY SYSTEM, RELIGION AND USURY, RON PAUL, Ralph Nader, South America, UNASSENTED GLOBALISM, VENEZUELA, WAR, PEACE and USURY, events and politics, theory and implementation, usury. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.