[doveofo] Updated Overview of NESARA Economic, Financial, and Legal
Benefits
April 27, 2004  2:12 p.m. PDT


Hello Dear Friends and White Knights,


Today I revised the following overview of NESARA’s economic, financial,
and legal benefits to reflect the most recent information I have on these
subjects.


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 most 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.  All aspects have also been
carefully considered and designed so that NESARA’s improvements will be
implemented in an orderly and well-managed process.


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 the major U.S. banks already
contractually set up to be 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 out the credit card balances and are also being PAID GENEROUS
amounts to forgive 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.  The banks will be very profitable after they
receive all these NESARA payments for doing debt relief.


In most countries, there are expected to 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’s
announcement.   This means that all Social Security payments, all federal
government payments to people for welfare, unemployment, pensions, etc.
will continue after NESARA is announced; in most cases the monthly amounts
will be increased within two months of NESARA’s announcement.


About 18 months after NESARA’s announcement, U.S.
citizens/sovereigns/natural persons will begin receiving funds from the
“new prosperity” program based on “financial redress” for past government
and banking frauds.  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 options.  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.  


For decades, vast sums of humanitarian prosperity programs funds have been
accumulating in special revenue generating processes in European banks
awaiting the right time when these funds could safely be released to
program members who will be doing world improvement projects.  NESARA’s
announcement sets up the new banking and legal conditions which allow the
distribution of this vast wealth to people all across the world during the
next several years.


People’s pensions and investments are also being protected by the NESARA
process.  Most people’s pension funds are invested in stock market
investments or similar kinds of investments.  There are special provisions
in NESARA to protect people’s pensions and investments.  NESARA’s
announcement does not change the value of people’s investments in the
stock markets.  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 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. 


We all will be receiving education via the news media and seminars in the
principles underlying our new worldwide economy based on currencies backed
by precious metals.  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 after NESARA’s announcement.  Some sections of
the 30 hours will apply to other countries as well as the U.S.  


One of the major principles of good financial management in our new
economy will be living on the financial means we have available and
staying out of debt except for major purchases such as homes and vehicles.
 Most people will have much more disposable cash available to them after
NESARA is announced due to no longer having to make monthly payments for
their credit cards, mortgages, car loans, etc. and will have increased
take-home pay due to no deductions for income taxes.  Once people’s credit
card debts are forgiven, NESARA’s banking improvements are designed to
ensure people avoid having long-term credit card debt.  Under NESARA,
people will use credit cards and pay off their balances monthly or within
a few months time rather than carry balances on their credit cards for
years.


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.  Some well-known financial advisors have
books ready to be released which provide guidance in managing our
financial lives in accordance with the new worldwide economy initiated by
NESARA’s announcement.


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 and improvements. 
The Federal Reserve’s facilities and personnel will be absorbed into the
U.S. Treasury Department and the Treasury Department will take over
managing our U.S. banking system.  All money we have in our bank accounts
will be automatically included in the new U.S. Treasury bank system.  None
of our money will be reduced or lost due to the U.S. Treasury taking over
managing the banking system from the Federal Reserve.


After NESARA is announced, we will be exchanging our Federal Reserve Notes
for the new U.S. Treasury “rainbow currency” during the weeks following
NESARA’s announcement 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
three business days of bank closure 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 within a few years after NESARA is
announced.  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 IRS staff will do is
process refunds for some months after NESARA is announced.  Some IRS
personnel and facilities will be transferred to the U.S. Treasury
Department to carry out  the new activities of collecting and processing
the new limited national sales tax which NESARA establishes to raise funds
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 70% 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 70% 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.com in the December 2002 section.


I have written about the price reductions required by NESARA over the last
nearly four years 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 1930’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 U.S. Supreme Court 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 re-price
everything so that we start with a new price structure and an economy
where the value of everything is supported by the new precious metals
backed Treasury 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 agreements signed by heads of all these
governments stating that their country will also make these changes within
two years 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 60 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. 
Two months after NESARA is announced, a new television which currently is
priced at $350 will be repriced to $35 purchase price.  


The U.S. Supreme Court Justices have had the top experts in all fields
provide input and when all prices of all items are adjusted downward about
two months after the true NESARA law is announced, there will be similar
adjustments in the prices of stocks and bonds.  Stocks and bonds will keep
their relative 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.  


A month or two after the true NESARA law is announced, all items and
services we buy will be repriced to correct for the massive inflation in
prices 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 two months after NESARA is announced, people in the U.S. will be
paid at their current rates until the new price reductions go into effect.
 In the month after the price reductions take effect, people’s 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
already be adjusted downward in exactly the same proportion as people’s
wages, salaries, etc.  


Let me give an example so you understand.  For example if NESARA’s
announcement occurs in April 2004, it’s likely that merchants and service
providers will be given two months (about 60 days) to be ready to
implement the 90% price reductions.  In most cases this means simply
moving the decimal point to the left one position in the merchant’s
computerized databases of prices for products and services and posting new
price labels where appropriate when the changeover date arrives. 


Although I expect NESARA to be announced before the end of April 2004, I
will use April 30th in the following explanation to simplify matters.  IF
NESARA were THEORETICALLY announced on April 30, 2004, then all merchants
and providers of products and services would have 61 days (May and June)
to get ready to implement the new reduced prices by July 1, 2004.  On July
1, the new reduced prices of everything would take effect.  If your income
is $3,000 a month, in May and June, you would continue to be paid $3,000 a
month.  


Let’s say that you normally pay $600 for food and other routine supplies a
month.  On July 1st  when prices would be decreased by 90%, you would have
earned $3,000 in the month of June, 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 NESARA’s announcement in April  2004 and you would have
more disposable cash from your income for May and June due to 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 could have as much as $2,778 of your $3,000 a month income
available to you.  


Because all prices must be adjusted to 10% of the current prices about 60
days after NESARA is announced, your income and salary must also be
adjusted to 10% on July 1st.  Your new income 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.


The prosperity programs amounts being funded to current prosperity program
members in the U.S. will NOT be reduced after NESARA is announced because
these amounts are money in our bank accounts today.  If we have, for
example, $10 billion in our prosperity program bank account before
NESARA’s announcement, it will still be $10 billion after NESARA is
announced.  However, the $10 billion will buy 900% 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. 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 agreements to do this and there was “divine
intervention” in the process of getting these agreements 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 unconstitutional laws
like the p.a.t.r.i.o.t. act, the homeland security act, and all laws back
to 1933 when FDR took us out of Constitutional Law as well as selected
laws prior to 1933.  All our civil liberties will be restored with
NESARA’s announcement.  Under Constitutional Law, the inventors of 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 two months
while these Constitutional Law seminars are being conducted.  Any court
cases in process when NESARA is announced 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.


Self-preservation is why NESARA’s international ripple effects are
expected to result in other countries adopting the new international
banking regulations that go into effect after NESARA’s announcement, the
abolishment of income taxes, and the adoption of Common Law.


After the US announces our new US Treasury Bank System and new Treasury
currency backed by precious metals, the US Treasury currency will be the
most valuable currency on the planet because it is backed by precious
metals.  If the US Treasury currency remained the only major currency
backed by precious metals, this would throw the balance of import and
export trade way out of balance because the new US Treasury currency would
be able to buy much more than the Federal Reserve currency could.  


Consequently, out of self-preservation, all other nations will also
announce that their currencies are backed by precious metals and this will
help keep the import and export trade between the US and other countries
more balanced.  The new international banking regulations also require
nations’ banking systems give the full debt relief; any nation which fails
to do this within four months will be cut off by the IMF from transferring
money into and out of that nation.  No nation can survive without the
transfers of money into and out of the nation although some nations’
corrupt government officials may still try to give only partial bank debt
relief.  Other nations will also do price reductions to squeeze the
inflation out of their prices, although the percentage of price reductions
will vary from nation to nation.


The same self-preservation relates to other countries abolishing their own
income taxes.  If the United States were the only country which abolished
personal and business income taxes, then people and businesses from other
countries would relocate to the US to take advantage of the tremendous
savings of not having to pay income taxes.  Therefore, to keep their
people and businesses from relocating to the US, other nations are
expected to abolish their own income taxes within two years after NESARA’s
announcement.


Even the issue of all nations adopting Common Law is a matter of
self-preservation.  Today in most countries there are many government
requirements in statutory law with which businesses and organizations must
comply in order to transact their business.  Many of these government
requirements are time-consuming and costly for businesses.  Under
Constitutional Law which is based on Common Law, these cumbersome
government requirements are removed, making the US a location where
businesses and organizations can conduct their activities without being
overloaded with government requirements.  If other nations failed to
change over to Common Law, eventually many businesses and organizations
would relocate to the US.  To keep their businesses, organizations, and
people, other nations are expected adopt Common Law within four years
after NESARA’s announcement.


NESARA brings most of the world’s people increased prosperity, liberty,
peace, and knowledge which enables them to flourish.  NESARA Now!


Blessings and Love,
Dove of Oneness


The term "White Knights" is borrowed from the Wall Street Journal and the
world of big business hostile takeovers when a vulnerable company is
"rescued from a hostile takeover by a White Knight” corporation or wealthy
person.  Certainly, these people fighting to bring Americans and the world
the benefits of NESARA and to rescue our people from government and
banking fraud deserve to be called “White Knights”.  World Court is the
International Court of Justice in the city called The Hague, in the
Netherlands. This is NOT the International Criminal Court from which Bush
Jr. removed the U.S.  These are two totally different courts with
different purposes.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~