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The Brief Life & Spectacular Death of Propertarianism

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Online personalities Curt Doolittle and John Mark caused a stir in the nascent Propertarian community in early June 2020 by announcing a Founding Father’s Convention 2.0 in Richmond, Virginia, on July 4, 2020.

Propertarianism is a phrase coined by Curt Doolittle, who saw his system of thought as an improvement upon the utopian impracticalities of libertarianism. Doolittle claimed to be a retired tech entrepreneur with successful business dealings that included crossing paths with Bill Gates. When he first appeared, he inexplicably lived in Kyiv, Ukraine; a strange detail that added to his mystique.

As Curt’s Facebook presence grew, a motorcycle helmet-clad YouTuber named John Mark emerged with commercial-grade, super-high production quality videos that spoke in the Doolittle/Propertarian lexicon. Despite having yet to meet or converse with Doolittle, John Mark referenced him directly. Their eventual union took the intellectual movement to the next level; Propertarianism had its guru and its hypeman. The only thing missing was a real-world show of strength. Hence the imperative for the July 4 Fiasco.

Doolittle and Mark promised an event that would be this generation’s equivalent to the signing of the Declaration of Independence. With less than a week until The 4th, Doolittle provided an impressive “Declaration of Reformation.” Prospective attendees were invited to be part of history by signing their names to this document.

Successful events take months, if not years, of planning. It’s challenging enough for well-capitalized businesses who can dedicate salaried staff and hire consultants. To say that Doolittle and Mark attempted to pull this off on a shoe-string budget would have been an overstatement; there was no budget. What’s more, there was no protest permit, or venue for signing the Declaration, or megaphone for addressing the crowd; there was just a sweaty, beleaguered old man jockeying with hostile actors for a stage that wasn’t his.

Propertarian community-members were told to meet up at 9:30 AM in front of the Capitol Building in Richmond, VA. At 9:30, about two to three dozen Propertarians had assembled among a much larger group of 100 or more 2nd Amendment rally goers who had never heard of Propertarianism. Doolittle and Mark were conspicuously absent.

Around 10 AM the police gave the crowd permission to move to the center of Bank Street, where protest organizers could address the group from a tall stone staircase leading up to a state building. It’s at this point that Curt Doolittle appeared in a frumpy white button-up shirt, already drenched in sweat. To be fair to Doolittle, he is a man in his late 50s who has battled and survived cancer twice. John Mark was easily identified by his distinctive voice that Propertarians had become familiar with after imbibing hours of his videos. Despite his status in the community, he did not address the crowd or even Propertarians at any point on that day.

The first to take the stage was a 19-year-old man named Mike Dunn, who had cultivated an online following under the name Virginia Knight. Dunn used a megaphone to shout a pro-gun, anti-police, CivNat message that included nods to the approximately 6 BLM protesters in the crowd. Herein lies the most egregious unforced error that Doolittle and Mark committed; their coming-out party wasn’t even their own party. The 2A and/or VA Knight people had the protest permit; it was their event. The crowd was comprised overwhelmingly of 2A-only demonstrators. Doolittle was only able to address people because he was allowed to.

The harshest criticism of the (non) event was for Curt’s perceived “cucking” to the handful of BLM guys. This is much ado about nothing. Most people in the crowd were armed to the teeth. There was no reason to inflame passions. A conciliatory tone and graciousness were in order. After all, it wasn’t Doolittle’s house; he was merely a guest. He had no choice but to hand the megaphone over to BLM.

The real failure of Founding Father’s Convention 2.0 was not Doolittle’s flattering words to a few BLM guys, it was his and John Mark’s total and utter failure to provide an event that resembled what they had promised. Many young men in attendance drove cross-country, spending hard-earned money on gas, tolls, motels, and fast food. All to meet their Facebook guru and favorite YouTuber and be part of something bigger than themselves. Instead, they got a sweaty old man shouting in bizarre prose to a group of strangers who couldn’t be less interested. There was no grand hall and signing ceremony. There was no meet-and-greet with idols people had been fawning over for months and even years.

Propertarianism’s first brush with reality resulted in an ignominious end for its founder and innovator. The blowback on Facebook and YouTube was so intense that John Mark retired from public life on Wednesday, July 8, 2020. Curt Doolittle has descended into rage-posting on Twitter, basically telling people they’re too stupid and immature to deserve a leader like him.

Both men derided their detractors as Nazis; ironic coming from men who based their ideology on race realism, genetics, and eugenics.  After years of openly hypothesizing and pining for a Second Civil War, they defended themselves as pragmatists who wanted to build consensus and solve problems politically. Their tone and message changed on a dime in order to defend the dissimilitude between past words and current deeds.

Doolittle and John Mark promised the most meaningful intellectual and political movement since the 1776 Revolution, but the Propertarian Black Swan turned out to be nothing but a Dodo.

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42 Comments

  1. HamburgerToday
    Posted July 9, 2020 at 9:33 am | Permalink

    Nicely done.

  2. Robert Clingan
    Posted July 9, 2020 at 9:39 am | Permalink

    Ah, I knew an article on this had to be coming. I’ve been smugly rubbing this in propertarians’ faces left and right.
    Here’s the speech
    https://www.youtube.com/watch?v=3jg9iYT58Yk
    and the subsequent BLM hand-off of the megaphone
    https://www.youtube.com/watch?v=Bey6_iVZjjI
    for readers to make up their own mind.
    Honestly Darwin’s Prophet is letting them off easy; all I could think watching the speech was “who’s LARPing now?” and “holy cow he just pulled a Bernie!” at the end. It was not “much ado about nothing” with the BLM guy, it was a display of weakness; even regular Republicans have more self-respect. Unless the Founding Fathers Convention requested BLM up there then there was absolutely a choice on Curt’s part (but I doubt they requested it).
    13 seconds into 2nd vid:
    “You [black] guys have bigger dicks and you’re stronger” -Curt Doolittle, 4 July 2020, may his dignity rest in peace

    • Zero
      Posted August 8, 2020 at 3:53 am | Permalink

      The first video is private. Do you have an alternative link?

  3. scott johnston
    Posted July 9, 2020 at 10:01 am | Permalink

    The whole thing was so bad I just burst out laughing while watching it live they literally screwed up everything you could possibly screw up there is absolutely nothing good you can say about the whole event.

    Hell Charlottesville wasn’t good for PR but at least they had numbers, never cucked and looked pretty bad ass, this was just a few people standing around scratching their heads as a disheveled nervous looking man screamed larpy gibberish into a cheap bullhorn while a man with Parkinson’s filmed it on a dodgy camera and this man is some sort of high IQ business man ?

  4. Rhodok
    Posted July 9, 2020 at 10:27 am | Permalink

    I think its a shame.
    Propertarianism does offer some important insights (imo) and it would be a shame if they were to abandon the project.
    I don’t know about the activism tough, never really got on board with that. Too much of a spenglarian myself.
    I hope that Curt will finish the book, that could be more of a legacy than many could ever hope to achieve.

  5. Amas
    Posted July 9, 2020 at 10:28 am | Permalink

    Keith Woods’ take on it: https://www.youtube.com/watch?v=2p7_kncFQLw

  6. Corday
    Posted July 9, 2020 at 10:29 am | Permalink

    Perhaps you’re right that Doolittle had to turn over the microphone. But he didn’t have to say to that black “You guys have bigger dicks and are stronger than us.”

    Bear in mind that these people had been pretty explicitly talking about violence in the run up to this. Then, if the pictures are to be believed, Doolittle literally pissed his pants. This had to have been among the most pathetic political rallies ever.

  7. John Wilkinson
    Posted July 9, 2020 at 10:32 am | Permalink

    I take no pleasure or joy in watching people who nominally share many of my views making fools of themselves.

    The lesson here is that it is VITAL that we continue to allow the left to force the center/moderate our way with their nonsense. We should only be in the business of offering information and ideas via blogs and podcasts. Rallies are a no-no. Grandiose declarations are a no-no. Let the left eat itself while the right calmly waits for people to find us.

    • Mr. White
      Posted July 9, 2020 at 1:32 pm | Permalink

      Exactly. This ordeal makes me sad. I wasn’t some fanboy, just a pro-white guy who liked a bunch of Mark’s videos and saved a lot left for later. Even worse than the ego-driven doomed rally, worse than Doolittle’s pathetic cucking (or at best optics retardation), is Mark Dice removing all his videos and channel. Instead of admitting his gross mistake and then continuing to make content, he tries to disappear. Way to look like a controlled-opposition fake, or at best a loser. A reminder that we can never trust these dissident right “leaders” too much.

      • John Wilkinson
        Posted July 9, 2020 at 3:28 pm | Permalink

        Mark Dice or John Mark?

        • Mr. White
          Posted July 9, 2020 at 11:04 pm | Permalink

          Whoops. John Mark, of course.
          (Not surprised I slipped; I’ve watched way more MD than JM, haha).

  8. Sabaton
    Posted July 9, 2020 at 10:38 am | Permalink

    The most aggressive and grandiose ideologies tend to be the domain of the most dysfunctional little havenots around.
    All in all this event was a net gain for us because it finally dispatched the specter of propertarianism for at least a few years when the next disenfranchised incel-ideology made up out of youtube videos will come around.

  9. Ganger
    Posted July 9, 2020 at 10:42 am | Permalink

    I have been quietly following the propertarian movement for some time, especially John Mark.
    I saw a video on his channel yesterday explaining what happened with Curt and the BLM thing. I thought, “Okay…John Mark is going to carry on with this and go forward.”

    Now his YouTube channel and Twitter account are GONE. So is his website. I admit to being a little stunned. Some serious drama happening behind the scenes I’m sure, but it seems like John Mark has disappeared and we won’t ever know the full story.

    Does anyone have any more information about John Mark?

    • Florida Man
      Posted July 9, 2020 at 1:29 pm | Permalink

      Yes, John Mark has basically deleted his entire internet presence, YouTube, Twitter, personal website etc. I was also wondering if anyone had the details on this, but it seems we might never find out. Not missing out on much anyway, these guys had perfected the art of saying a lot without actually saying anything at all. I am just curious because they were so super-confident (“Ours IS the one and only way for America and the West! We have ALL the answers! I am never wrong!” etc) and now they are a busted flush.
      Propertarians were just racist Libertarians. Who it turns out weren’t even racist.

      Libertarianism, eh? I thought that had died off circa 2013. Well, it seems like you just can’t polish a turd.

  10. curri
    Posted July 9, 2020 at 12:10 pm | Permalink

    “Doolittle and John Mark promised the most meaningful intellectual and political movement since the 1776 Revolution…”

    Lyndon LaRouche said virtually the same in the early 1970s. And he also had a strong appeal to those “on the spectrum.” LaRouche began as a self-consciously high brow alternative for those on the left, similar to Doolittle for WNs/Alt-Right. Maybe one or both were intelligence ops or maybe it just looks like that.

  11. Posted July 9, 2020 at 12:34 pm | Permalink

    As with so many potentially promising sub-movements, propertarianism had way too much esoteric pseudo-intellectual baggage but the biggest problem was that the movement was mostly about personalities, Curt and John Mark. When you spend most of your time patting yourself on the back and fighting with other egomaniacs on social media, it is a pretty sure sign you aren’t going to last long.

  12. Hrafn
    Posted July 9, 2020 at 12:38 pm | Permalink

    Put whatever coat of paint you will on lolbertarianism, in the end it’ll always end as just another damp yellow stain in someone’s shorts.

    • Thawtcriminowitz
      Posted July 9, 2020 at 2:10 pm | Permalink

      Bwhahahah

  13. Douglas
    Posted July 9, 2020 at 1:57 pm | Permalink

    For a long time I have tried to warn people away from John Mark. He was very naive. I have 40 years experience in the Air Force. I knew his talk about the military taking the side of the Right was pure bullshit. The military has changed dramatically in the past few years especially after Obama took care to get rid of many colonels and above. Hell all you have to do is read the US Air Force highest enlisted man’s Facebook entry following the riots. Yes he is an African. Not a damned African American. From now on they are simply Africans.

    Also, I lived through several school white verse black riots in high school during the 1970s in Rural Alabama. I saw how chickenshit most whites were then and I knew they were no different now. I knew there would be no uprising. I got into a heated argument with a black guy at work a year ago about this. He pointed out whites would never rise up and there would never be a race war. I had to admit he was right.

    • Kat
      Posted July 9, 2020 at 6:36 pm | Permalink

      Absolutely agree. Another thing is John Mark is just an anonymous figure. You cant follow a leader if you are not even certain about his identity and authenticity

    • Lord Shang
      Posted July 13, 2020 at 6:06 am | Permalink

      They will if things get bad enough, and polarization intensifies. Most whites are douchebags, but I know some young guys who are very awake, and very angry. They know from us in their parents’ generation that they’ve been screwed, and they resent it. When they start to feel they have no chance at a future, that’s when things change quickly.

      Or when BLM mobs are burning down their tiny houses or apartments …

  14. Thawtcriminowitz
    Posted July 9, 2020 at 2:09 pm | Permalink

    Need a stronger word than cucking. The guy pissed himself and told 2 blacks they were stronger and had bigger dicks than us when confronted in real life. That’s not calming things down, that’s cowardice

  15. Bruno Bucciaratti
    Posted July 9, 2020 at 3:06 pm | Permalink

    I stopped taking John Mark seriously when he said the cops would side with us in Civil War II…

    And he said this two full years after Charlottesville

    • Lord Shang
      Posted July 13, 2020 at 6:09 am | Permalink

      Cops side with whomever pays them and their pensions. But in a general civilizational collapse, most white cops are conservative and tougher than the average white. I know; I come into contact with more cops than the average person. They are definitely to the (martial, law and order) Right of most Americans.

  16. VIE9
    Posted July 9, 2020 at 3:09 pm | Permalink

    John Mark will re-emerge with a new persona in 6 months, probably a groyper.

  17. Posted July 9, 2020 at 3:26 pm | Permalink

    This website and business is operated by a homosexual. How the hell does being a homo aid the cause of whites? And you criticize a movement that made major mistakes yet attempted to unite white men under workable and practical political goals: permanent separation from Leftists. What are your solutions Greg? What are solutions proposed by “White Well Being?” To go live in white communes, build white societies, take back the country by acquiring power in politics via local, state, federal elections?

    Whites had their own countries – Rhodesia, South Africa, Canada, Germany, the United States and hell all of Europe. Anti-whites will never – ever – leave us alone. Whites must separate by force. What are *your* solutions other than 4 hour long YouTube streams where YouTubers read our super chats for 2 hours?

    • Scott Weisswald
      Posted July 9, 2020 at 4:22 pm | Permalink

      Do you have any solutions, beyond pissing your pants?

    • Lord Shang
      Posted July 13, 2020 at 6:10 am | Permalink

      Which website are you referring to?

  18. Afterthought
    Posted July 9, 2020 at 6:31 pm | Permalink

    There are lessons here for November 4th, possibly earlier.

    1) What we are doing is applying for a job. We are applying to be the government for a nation of 180 million people, with an inevitably large impact on billions of others around the world, to include our allies in Canada, Britain, Ireland, Europe, Russia, Iceland, Greenland, Australia and New Zealand: the Northern / Polar Alliance.

    When you go to a job interview, you dress for success, you prepare for typical questions, you know your selling points, you attempt to reassure doubts that come with any unknown. People want to trust that your government will, for instance, not worsen their quality of life, get tangled up in unnecessary conflicts, pick up the garbage on Friday; they want to trust that when they file a form with your government it will not get lost, but will be promptly acted upon, that when they go before the court they will have a fair trial and that the proverbial nephew of the prosecutor won’t get special treatment over them.

    2) Selling Whitopia to whites shouldn’t be that hard, but it is turning out to be far harder than it needs to be. We must reassure folks that life will be very similar to the life we all know except without the people who hate us and want us dead. The laws will remain stable during a period of transition, and after an interval, we will open them up to modification through a fair and just process. Christianity will be respected again while non-Christians will be free of vexation for not practicing the majority religion. In other words, the new nation will be what we thought America was, only much much better.

    3) People who put themselves forward must be supported spiritually and materially by those who do not. As this is war, all men of fighting age are duty bound to participate in one way or another, possibly to the max. Under no circumstances are you to point your weapon at your own people, it must be trained constantly on the Enemy. When advice needs to be given, it must be given in a brotherly way, to strengthen and ennoble. Likewise, resistance to the council of the wise must be seen as a character flaw, perhaps a fatal one.

    4) This did not happen with the Propertarian Bros’ 4th of July rally. On the one hand, the event was not conducted with the gravitas and decorum that a true Declaration requires. On the other hand, the criticism was destructive, not ennobling. I have reached out to John Mark and Curt Doolittle to thank them for what they have done and what they choose to do in the days, months, and years ahead. Theirs was not the perfect or ultimate solution, but it was definitely in the ball park. One day soon a leader will emerge – cometh the hour, cometh the man – and at that time all silliness must stop and we must go “all in” for victory. The fate of the universe, whether mankind and mankind’s God will thrive into the indefinite and infinite future, or be Abolished by the Enemy and replaced by AI, robots, and transhumans, will be determined in the coming struggle.

    • Lord Shang
      Posted July 13, 2020 at 6:24 am | Permalink

      Great comment. What we do need is a real, serious leader. A man of strength and honor. I said from the start that Trump would not be that man, though I still hope he is reelected. It buys us more time. I am amazed at the low quality of leadership the Right seems to produce. We cannot expect a serious White nationalist to arise – yet. But I wish someone would explain why we cannot produce a hardline Civ Nat. Why isn’t someone like Kris Kobach getting electoral traction? A serious conservative with impeccably elite credentials unafraid of National Question stands.

      One possibility for the future is AR Senator Tom Cotton. He, too, has exceptionally elite credentials; a solid conservative voting record; and a civic nationalist plus law & order orientation. Not the most charismatic guy, probably not a secret white nationalist, but by far the best prospect I can think of. He never backs down from core conservative positions, and instinctively pushes the America First line. As conditions worsen he might have what it takes.

  19. LineInTheSand
    Posted July 9, 2020 at 10:30 pm | Permalink

    I have affection for the Propertarians but they are severely misguided. They believe that our fundamental challenge is the creation of a legalistic philosophy. No, the fundamental issue is determining what people inhabit our nation. After that, legalisms will take care of themselves.

  20. Rhodok
    Posted July 9, 2020 at 11:54 pm | Permalink

    Seeing the comments here, and seeing what has gone before, I must say that the division on the right-hand side of the political spectrum is simply stunning.

    Of course I knew this but seeing it displayed still amazes me.

    Imo, his is why the right will never amount to anything until the organisations of the left are rotted into the dust under their own forces of decay.

    I also suspect that C. D. underestimated this factor. As an entrepreneur he is naturally given to the idea that you can build & fix things if you just “do it right”. Seems he has now gotten the message: You cannot build a house with rotting timber.

    Spengler says ‘hello’…

    • Greg Johnson
      Posted July 10, 2020 at 3:06 am | Permalink

      I don’t think the main problem lies with the people in the movement but with Doolittle and Mark themselves.

      They put together an embarrassing fiasco and then acted like brittle prima donnas when they received pushback.

      • Rhodok
        Posted July 10, 2020 at 6:32 am | Permalink

        I do not want to defend either of them.

        Fact is that C.D. should not be the face of an organisation that faces the public. He may have the smarts, but he has the charisma of a road accident (Curt, if you read this, love you man!)

        J.M. is another case. No would-be-leader should ever hide in anonymity. Anybody that thinks he needs anonymity feels that he has too much too loose, and will not survive the “first hit in the face” (Tyson quote).

        • Greg Johnson
          Posted July 10, 2020 at 6:42 am | Permalink

          I am nonplussed by the people pushing the idea that CD and JM are “feds” since the feds would have pulled off a comptent event at the very least. What I saw is a couple of vain internet divas shattering as soon as they stepped into public. JM had the face to mock me for not offering a plan. So yeah, the Tyson quote is apropos. JM had a plan till he got hit in the mouf. Even Richard Spencer, whom they hold in contempt, is infinitely stronger than these people.

          • Red pill dolphin
            Posted July 10, 2020 at 11:01 am | Permalink

            Who exactly punched either Curt Doolittle or John Marx in the face ?

            Why did they take a handful of ‘propertarians’ most of whom had never met in person before and who had only interacted on facebook, to a civnat event which included BLM?

            Why had two people who had been openly advocating geurilla war for years (do not tell me I am lying I saw this myself over a period of five years) brought people to an event so badly planned that they would be outnumbered by people who patently did not share thier worldview?

            Why has John Mark disappeared from the internet completely with his two last communications saying ‘war is now inevitable’ and that he needs to ‘speak with the leaders of the alt-right sic’

            Why has Curt Doolittle summarily branded the hundreds of people he was interacting with in a socratic way to build a movement now decided that they are ‘fascists’ and nazis simply because they offered criticism of the shambolic event?

            In the Kieth Woods video he clearly states that Curt Doolittle identified himself in facebook messages as being an operative of the United States government whose job it was to engineer coups against enemy goverments.

            Face it both of them were feds with at least five years of fedposting each.

            It was obvious from the get go.

            Get real.

            • Greg Johnson
              Posted July 10, 2020 at 11:38 am | Permalink

              No, it is not obvious.

              What kind of movement are we in when making high-quality videos is grounds for calling someone suspicious as Woods did?

              People who think they have “the plan”–which involves civil war–generally are a bit grandiose, and grandiose people tend to be unrealistic about their plans and deeply wounded by negative feedback that normal people would welcome.

              But it is merely an academic question. After all, you have no credibility at stake — unless that is your real name.

              Frankly, I am just glad they are gone. I wish some of the other cringe actors were as brittle, but I am afraid we will have some of these people weighing us down till they die.

  21. Travis LeBlanc
    Posted July 10, 2020 at 11:14 am | Permalink

    I never paid much attention to Curt Doolittle or John Mark until a day or two ago. Looking at Curt’s recent Twitter feed and John Mark’s goodbye letter, they sounds like narcissistic sociopaths.
    I know the term “sociopath” gets thrown around a lot but I do not use term lightly in this instance. Curt’s current line that “My failure is actually proof of my genius and if you were a REAL high-T masculine man like me instead of low-IQ beta purity spiralers then you would understand that” is how NPD-types talk.

  22. Mac
    Posted July 10, 2020 at 2:01 pm | Permalink

    I remember Truediltom talking about Propertarianism years ago before he deleted his youtube channel and disappeared, I completely forgot about it after that. Just looked through his archives and sure enough, he had discussions with Curt, I bet he’s relieved that he dodged this train wreck.

  23. LeRoy
    Posted July 11, 2020 at 2:47 pm | Permalink

    Yeah whites will stand up and blacks leave dis waycist place go build up afreeka
    It’s still far too comfortable in America.

  24. Posted July 17, 2020 at 9:58 pm | Permalink

    The Left can wax and wane and assume all kinds of irrational forms, and ultimately their irrationality and ineffectiveness, based on a flawed view of human nature and a complete lack of understanding regarding supporting production in a division of labor civilization., coupled with their ‘principled’ immorality, will doom them. The Right is fractured, as was evidenced in the video of the Richmond event, and really doesn’t have much of a plan to right the ship of state or the culture.

    I assert that it is the nature of our debt-based currency itself, controlled by the 0.1% Jewish elite financiers, which has infiltrated the culture for over 100 years corrupted the professions, and which has enabled cultural Marxism to gain a foothold in this country. Not one in a thousand understands the current monetary system. Correcting the nature of our privatized currency will go a long way to healing our divided country but it will require a Constitutional Amendment and a sincere effort on the part of people to understand how they are nothing but glorified serfs in Weimar Republik USA. I propose such an amendment on my personal website http://www.LetJusticePrevailThoughTheHeavensFall.com and reprint it here. It is an attempt to revamp the monetary system in such a way that dislocation of all existing financial contracts is minimized.

    We must be prepared for a new monetary system, an honest one, when our present debt-based banking cartel collapses. Kindly read and critique this proposed Constitutional Amendment. But first, a little background…

    From “The Truth in Money Book” by Theodore R. Thorsen and Richard F Warner:
    QUOTE Someone had to borrow at usury to bring that money [checkbook balances, bills and coins] into existence. The money goes out of existence as the usury and the debt principal are paid back to the bank. These amounts are huge: several billion dollars go out of existence each day. [Actually this money goes into the reserve accounts of the Federal Reserve Banks, out of the hands of the public! This book was first printed in November 1980. The amounts which are withdrawn presently are much larger.] If the money is not replaced with new loans, a shortage occurs. Soon individuals and businesses experience serious cash flow problems. These result in more and more loan applications to banks—the only place where money is being created to replenish the supply” UNQUOTE

    Here is the body of the proposed amendment—-To Hell with Fractional-Reserve Debt-Based Banking Constitutional Amendment

    (1) Rescind the Federal Reserve Act of 1913 and rename existing Federal Reserve notes and check book balances, in all U.S. banking and credit-creating institutions as well as foreign holdings of dollars, on a 1-to-1 basis, as U.S. Treasury Dollars and U.S.Treasury-Denominated bank balances. All currently existing financial contracts of the Federal Reserve Banking System, including United States Treasury Bills, Notes, Bonds, and Inflation-Protected Securities, remain in effect.

    (2) Henceforward, ex nihilo credit creation by banking and financial institutions in the United States is prohibited. Loans are required to originate from previous savings of U.S. Treasury Dollars and U.S. Treasury-Denominated bank balances, which for each loan are held in and paid from specific sequestered loan accounts by the various financial institutions, with interest charges and term limits for each loan to be determined solely by the contracting parties. Non-cash reserves held in the regional Federal Reserve Banks in accounts of the member institutions of the Federal Reserve System no longer form the basis for credit creation and are extinguished via accounting erasure. Any further payments of principal and interest on currently-existing promissory notes owned by any bank are required to be distributed to holders of savings accounts and checking accounts in that bank in a manner to be determined by each bank, such procedures to be transparent to savings or checking account holders at that bank in terms of amount and frequency of payment. Regional Federal Reserve Banks continue to provide check-clearing operations for the member banks.

    (3) Monetary transactions of the regional Federal Reserve banks or of its member banks with international banks, including the Bank of International Settlements and the International Monetary Fund, can not include ex nihilo credit creation.

    (4) The U.S. Treasury supplies Treasury Dollars as needed to any member bank of the Federal Reserve system to satisfy demands for cash by deposit and savings account holders in excess of cash reserves held by banks at the time of enactment of this amendment.

    (5) Fund the U.S. government and its agencies and projects directly via Treasury Dollars authorized by the Congress in its yearly federal budget. The borrowing of money from the Federal Reserve system of banks or from other institutions or individuals to pay for federal government expenditures is prohibited. All outstanding Treasury Securities are henceforward redeemed on demand via payment with U.S. Treasury Dollars.

    (6) Abolish the Federal Income Tax on individuals, corporations, and business enterprises while maintaining a social security tax on individual incomes. Social security retirement revenues are strictly sequestered in Federal Government Retirement Accounts held by the U.S. Treasury and managed by the Social Security Administration. The Sixteenth Amendment to the U.S. Constitution is hereby rescinded and the Internal Revenue Service disbanded.

    (7) Institute a federal sales tax with a varying yearly tax rate adjusted by the U.S. Congress in session, the sole aim of such adjustments being to maintain a stable or decreasing Consumer Price Index based on data collected by the Federal Government. Any such federal sales taxes taken in by the Federal Government are extinguished from the currency supply to keep the Consumer Price Index stable or decreasing and are not utilized for further funding.

    (8) Clause 1, Article 1, Section 8 of the U.S. Constitution is amended to read as follows: The Congress shall have Power to collect customs duties on imports and exports, uniformly applied throughout the United States.

    (9) Clause 2, Article 1, Section 8 of the U. S. Constitution is rescinded.

    (10) The adoption of this amendment does not prohibit the use by the citizens of the United States of any alternative currencies they should choose to use in their private or commercial transactions.

    [A discussion of the present monetary system and banking environment can be found at https://www.youtube.com/watch?v=xRxzpuukDMg ]

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