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$2,000 Government Guaranteed Universal Basic Income Act Proposal

"COMPLETED BILL" Read Bill #2: Guaranteed Universal Basic Income Act / Bill Guaranteeing All United States Citizens $2000 In Monthly Income


Do you need money? Are you struggling financially? Do you wish the United States Federal Government had a program that would really lift the poor out of poverty? Are you dissatisfied with the current social programs that exist in the United States? Are you earning a small income, but still unable to qualify for SNAP benefits? Are you receiving minimal amounts of SNAP benefits? Are you unable to qualify for cash benefits? Government Guaranteed Universal Basic Income can go a long way towards ending poverty in the United States, without touching any taxpayer money.

What is "Government Guaranteed Universal Basic Income?" Everyone receiving money from the government with nobody left out, and no strings attached. The money is paid out to everyone, from the poorest person to the richest person.

Our proposal allows every United States citizen at least eighteen years of age to qualify for the program. The program will pay out from eighteen years of age until death. The program will not be funded with taxpayer money. Read our legislative proposal below in our FREE Ebook, as Byron Goines makes the case for utilizing the United States Federal Reserve Bank to fund $2,000 in monthly United States Federal Government Guaranteed Universal Basic Income for all United States citizens at least eighteen years of age. How can we make this a reality? Read the following FREE Ebook to find out how.


The United States Federal Reserve Bank creates money out of thin air when it buys securities to increase the money supply, which makes it the perfect vehicle to utilize for funding this program. This is proven below and in the FREE Ebook.


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Would $2,000 in monthly government guaranteed universal basic income help you and your family?


The United States Federal Reserve website at https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm, states the following information:

[The Federal Reserve System is the central bank of the United States.
It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve
* conducts the nation's monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;* promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad;* promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole;* fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and* promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.]

Concerning community economic development activities, the United States Federal Reserve website at https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-system.htm, states the following information:

"Community Advisory Council (CAC). This council was formed by the Federal Reserve Board in 2015 to offer diverse perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income populations. The CAC complements the FAC and CDIAC, whose members represent depository institutions. The CAC meets semiannually with members of the Board of Governors. The 15 CAC members serve staggered three-year terms and are selected by the Board through a public nomination process."

The United States Federal Reserve website at https://www.federalreserve.gov/faqs/is-the-federal-reserve-act-going-to-expire.htm, states the following information:

“The Federal Reserve Act of 1913--which established the Federal Reserve as the central bank of the United States--originally chartered the Federal Reserve Banks for 20 years. But in the McFadden Act of 1927, the Congress rechartered the Federal Reserve Banks into perpetuity, and so there is currently no “expiration date” or repeal date for the Federal Reserve.”
The Federal Reserve Bank is the central bank of the United States. The Federal Reserve Bank's funding does not come from United States taxpayers through a congressional budgetary process. The Federal Reserve's funding is explained on the Federal Reserve website at https://www.federalreserve.gov/faqs/about_12799.htm, which states the following information:

"The Federal Reserve does not receive funding through the congressional budgetary process. The Fed's income comes primarily from the interest on government securities that it has acquired through open market operations. Other sources of income are the interest on foreign currency investments held by the Federal Reserve System; fees received for services provided to depository institutions, such as check clearing, funds transfers, and automated clearinghouse operations; and interest on loans to depository institutions. After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury."

Concerning the funding of the Federal Reserve Bank, The United States Federal Reserve website at https://www.federalreserve.gov/aboutthefed/structure-federal-reserve-banks.htm, states the following information:

"The Federal Reserve is not funded by congressional appropriations. Its operations are financed primarily from the interest earned on the securities it owns--securities acquired in the course of the Federal Reserve's open market operations. The fees received for priced services provided to depository institutions, such as check clearing, funds transfers, and automated clearinghouse operations, are another source of income; this income is used to cover the cost of those services. After payment of expenses and transfers to surplus (limited to an aggregate of $10 billion), all the net earnings of the Federal Reserve Banks are transferred to the U.S. Treasury."

Concerning open market operations, which is the procedure through which the United States Federal Reserve Bank acquires its income and sets monetary policy...the United States Federal Reserve website at https://www.federalreserve.gov/monetarypolicy/openmarket.htm, states the following information:

"Open market operations (OMOs)--the purchase and sale of securities in the open market by a central bank--are a key tool used by the Federal Reserve in the implementation of monetary policy. The short-term objective for open market operations is specified by the Federal Open Market Committee (FOMC). Before the global financial crisis, the Federal Reserve used OMOs to adjust the supply of reserve balances so as to keep the federal funds rate--the interest rate at which depository institutions lend reserve balances to other depository institutions overnight--around the target established by the FOMC."

Concerning the Federal Open Market Committee "FOMC," The United States Federal Reserve website at https://www.federalreserve.gov/monetarypolicy/fomc.htm, states the following information:
[The term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy.

The Federal Reserve controls the three tools of monetary policy--open market operations, the discount rate, and reserve requirements. The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirements, and the Federal Open Market Committee is responsible for open market operations. Using the three tools, the Federal Reserve influences the demand for, and supply of, balances that depository institutions hold at Federal Reserve Banks and in this way alters the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight.]
Remember, the United States Federal Reserve Bank's income comes primarily from the interest on government securities that it has acquired through open market operations, which it controls...as stated above from the United States Federal Reserve Bank website, as open market operations are listed as one of the three tools of monetary policy it controls, along with the discount rate and reserve requirements.
Where does the United States Federal Reserve Bank get money to buy securities in open market operations? Through monetizing debt...as debt, credit, and balance sheets, are what enable the United States Federal Reserve Bank to create money.
The United States Federal Reserve website PDF at https://www.federalreserve.gov/aboutthefed/files/pf_3.pdf, entitled "Conducting Monetary Policy," gives the following example of how the United States Federal Reserve Bank conducts open market operations:
[When the Federal Open Market Committee (FOMC) sets monetary policy that, for example, requires adding liquidity to the banking system to spur economic activity, it instructs the Federal Reserve Bank of New York’s (FRBNY) Open Market Desk to purchase U.S. Treasury securities in the open market.

1. decides to reduce the target for the federal funds rate
2. instructs FRBNY Desk to purchase securities
3. purchases securities in the highly liquid market for U.S. Treasury securities from one of the designated, approved primary dealers
4. ensure that the market for U.S. Treasury securities is liquid—in other words, they are always willing to sell securities and always willing to buy securities
5. credits account that the primary dealer’s bank holds at FRBNY in exchange for securities
6. the securities acquired are assets, and the bank accounts credited with the payment are liability items on the Federal Reserve’s balance sheet
7. with the added funds in their accounts at the FRBNY, banks can make more loans to businesses and individuals
8. with increased opportunity to borrow, businesses and individuals are able to purchase mortgages, cars, and other items, boosting spending in the economy]


In the above example, where did the United States Federal Reserve Bank get the money to pay the primary dealer for the securities? The money came from nowhere. It created the money out of thin air that was placed in the system as a credit to the primary dealer's account at the Federal Reserve Bank of New York.


If the United States Federal Reserve Bank can create money out of thin air and place it in the system as a credit to the primary dealer's account...then the United States Federal Reserve Bank can create money out of thin air and place it in the system as a $2,000 monthly credit for every United States citizen eighteen years of age or older. This United States Federal Reserve Bank "money from nowhere to spur economic growth" system can fund $2,000 in monthly government guaranteed universal basic income, which will stimulate the economy and go a long way towards ending poverty in the United States...and eliminate any need for taxpayer dollars to fund the program.

In the above example, the United States Federal Reserve Bank credits the primary dealer's account at the Federal Reserve Bank of New York in exchange for the securities. The securities purchased by the United States Federal Reserve Bank are assets, and the bank accounts that receive the funds credited from the securities purchased are listed as liability items on the Federal Reserve's balance sheet. With added funds in their accounts at the Federal Reserve Bank of New York, the banks can make more loans to businesses and individuals. Increased borrowing by businesses and individuals results in a boost in spending in the economy. The money to make all of this possible came from nowhere, or in other words, the money to make all of this possible was created out of thin air.
In the above example, it is clear that the United States Federal Reserve bank created money in order to pay for the securities purchased from the primary dealer, through crediting the primary dealer's account at the Federal Reserve Bank of New York. The act of crediting the primary dealer's account was the creation of money out of thin air, as It has been stated that the United States Federal Reserve Bank creates money out of thin air, which has been proven in the above example given by the United States Federal Reserve Bank.


In an April 18, 2012 PBS Q&A article at https://www.pbs.org/newshour/economy/does-the-fed-create-money-out-of-thin-air entitled, "Does the Fed Create Money Out of Thin Air...Paul Solman stated the following:
"The two main forms of money created by the U.S. government are currency — about a trillion dollar’s worth out there at the moment — and “Federal Reserves:” electronic blips on the books of financial institutions — mainly banks. The Fed does indeed create these so-called reserves “out of thin air,” as you put it, when it buys securities to increase the money supply."


The United States Federal Reserve Bank creates money out of thin air, which makes it the perfect vehicle to fund $2,000 in monthly government guaranteed universal basic income for all United States citizens...due to the ability of the United States Federal Reserve Bank to create money when it buys securities to increase the money supply...as proven in the example above. For those who may cry inflation concerning increasing the money supply to cover $2,000 in government guaranteed universal basic income for all United States Citizens. Concerning the money supply and its ties to GDP growth and inflation, the United States Federal Reserve website at https://www.federalreserve.gov/faqs/money_12845.htm, states the following information:

“Over recent decades, however, the relationships between various measures of the money supply and variables such as GDP growth and inflation in the United States have been quite unstable. As a result, the importance of the money supply as a guide for the conduct of monetary policy in the United States has diminished over time. The Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System, still regularly reviews money supply data in conducting monetary policy, but money supply figures are just part of a wide array of financial and economic data that policymakers review.”

In other words, the instability of the relationship between the money supply and economic variables such as GDP growth and inflation, has led to the diminishment of the importance of the money supply as a guide for the conduct of monetary policy in the United States. Although there is instability in the relationship between the money supply and economic variables such as GDP growth and inflation, which diminished the importance of the money supply as a monetary policy guide in the United States...the $2,000 in monthly government guaranteed universal basic income will be indexed to inflation as a safeguard for everyone who receives it.

The Federal Reserve issues Federal Reserve notes, as the Federal Reserve website at https://www.federalreserve.gov/faqs/currency_12600.htm states the following information:

"The Federal Reserve Board currently issues $1, $2, $5, $10, $20, $50, and $100 notes. The largest denomination Federal Reserve note ever issued for public circulation was the $10,000 note.

On July 14, 1969, the Federal Reserve and the Department of the Treasury announced that banknotes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued due to lack of use. Although they were issued until 1969, they were last printed in 1945."

The U.S. Treasury's Bureau of Engraving and Printing (BEP) handles the printing of the money that is going to be circulated. The U.S. Treasury's Bureau of Engraving and Printing (BEP) website at https://www.moneyfactory.gov/about.html, states the following information:

"As its primary function, the BEP prints billions of dollars - referred to as Federal Reserve notes - each year for delivery to the Federal Reserve System. The Federal Reserve operates as the nation's central bank and serves to ensure that adequate amounts of currency and coin are in circulation. The BEP does not produce coins - all U.S. coinage is minted by the United States Mint. The BEP also advises other federal agencies on document security matters. In addition, the BEP processes claims for the redemption of mutilated currency. The BEP's research and development efforts focus on the continued use of automation in the production process and counterfeit deterrent technologies for use in security documents, especially United States currency."

Concerning the gold standard in the United States, the Franklin Roosevelt administration...and ultimately, the Richard Nixon administration, ended the gold standard in the United States. These actions made it possible for government guaranteed universal basic income in the United States, without cost to the American taxpayer to cover the monthly disbursements. Back in the day, US dollars had to be backed by gold, which covered the value of the US dollars in circulation...otherwise the US dollars would be intrinsically worthless. The Richard Nixon administration followed ending the gold standard with ending the Bretton Woods fixed exchange rate system, which was based on the gold standard...and replacing it with a floating exchange rate system, which allowed exchange rates to float against a devalued United States dollar. These systemic moves were made by the Richard Nixon administration because of a surplus of US dollars that were in circulation, which devalued the United States dollar... as there was not enough gold to cover the value of those surplus US dollars in circulation. The Nixon Administration's systemic changes allowed people to spend those surplus US dollars, although there was no gold backing those surplus US dollars...which proved unequivocally that US dollars could be spent by people although there was no gold backing those US dollars...as the Nixon administration's ending of the gold standard made US dollars intrinsically worthless, but people still spent US dollars, as they had purchasing power without any gold backing them. This resulted in “fiat money,” which is money that is made to be legal tender by the government, even though it has no gold backing it. These events opened the door for the possibility of a monthly government guaranteed universal basic income in the United States, without cost to the American taxpayer to cover the monthly disbursements. The Federal Reserve Act can be amended to allow Federal Reserve notes to be printed and circulated, to cover $2,000 in monthly government guaranteed universal basic income for every United States Citizen at least eighteen years of age. This can be done without touching the collateral based system that exists today. This information and more is covered in detail in the bill, which will enlighten readers on this important topic.


NOTE: President Richard Nixon pushed for a basic income, until he was deceived by his aide Martin Anderson. Check out Nixon's story in the following CNN Money video entitled: "The crazy, true story of Nixon and the basic income." Youtube video courtesy of CNN Money.

President Obama speaking about a universal basic income. Facebook video courtesy of NowThis Money

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Gun Control Legislative Proposal


"COMPLETED BILL" Read Bill #1: Individual Citizen Arms Act Constitutional Amendment / Gun Control Bill


How would you feel about a constitutional amendment addressing individually armed citizens in the United States...which would allow the Second Amendment to address what it was intended to address...which was and is a well-regulated militia, as proven by the words of President George Washington?


Help us as we work to bring gun control to the United States of America, through our legislative proposal for an "Individual Citizen Arms" constitutional amendment.


Donate and help us mail this bill to each House of Representatives member, each Senator, President Donald Trump...and others with possible congressional influence, who may support this bill. When the funds have been raised, this bill will be mailed via the United States Post Office, certified mail, with signature confirmation. A petition with the names of the supporters will be mailed along with this bill.


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