February 21, 2029

President Benedict sends a memorandum to the United States Federal Reserve Bank and all member banks, and to “interested parties” at the International Monetary Fund:

Impending Nationalization of

The Federal Reserve Bank

of the United States of America

“Gentlemen:

“I am assured by the vote of both houses of the U. S. Congress that they support me in the following:

“Starting on March 31, 2029, the American people will resume the job of issuing and regulating United States currency through their government as they did before the creation of the Federal Reserve Bank in 1913.

“It is our intention, not only to repudiate the U.S. national debt, but to demand reparation for fifty percent of the amount already swindled by the banker creditors, as a civil alternative to being put on trial for engineering every war and ruined economy over the past two hundred years, or of being the beneficiary heirs thereto. As you are well aware, all of this is easily provable from existing historical records.

“We will return to currency backed by durable commodity of intrinsic value, specifically gold and a mixed store of other precious metals, the ongoing value of which will be determined in a free world market.

"For many reasons, it is best that banks should be able to lend only within their own countries, and we will practice this policy within the United States.

"For any bank, including the central bank, to maintain less than a one hundred percent reserve at all times is, of course, dishonest. There will be mandatory disclosure to depositors about amounts held in reserve, and clear information about what it all means.

"Simultaneously, we will phase out all subsidies and unjust regulation of member banks, financial transfers, business, and trade.

"Regular employees of the Federal Reserve and member banks who wish to remain in their positions will be required to sign a statement that they are in full accord with the goals of Libertarian Nationalism and will in no way use their position in continued support of globalization.”

“Principle members of the Federal Reserve and of member banks will find solace in the vast new opportunities for private lending arising from the U.S. push into space, undersea farming, and the general upsurge in business startups that always accompany glowing prosperity.

“We are confident that the fine results which come from all of this, will inspire the other nations whose central banks are part of the International Monetary Fund, to follow the example of the United States in this regard.

“We ask for your prudent cooperation in this entire program. It will involve intelligent readjustment, but in conjunction with our other programs, the long term effect will be a splendid improvement in human affairs for people everywhere on Earth.

February 24, 2029. Brussels. Belgium

Today there is the biggest meeting of IMF bankers ever held. Chairman Joachim Blodinsky, whose brother Vandermere was assasinated by Hilton Armstrong in 2008. steps up to the podium,

“Gentlemen

"We all knew that this day would come, and yet, when I read the policy memo from President Benedict, still I was speechless.

“After two days of reflection, augmented by a great deal of statistical research, I find that although the short term for us will be somewhat austere, the long term of what the Nationalists are doing, will work out at least as well for us as any version of our original plans, and a great deal better for everyone else.

“Recent events have got me reading about the

Nationalist goals and I think they are a lot smarter than I ever gave them credit for being. The thing that delights me most is their very workable non-coercive plan for the reduction of human numbers with a proportional increase in human intelligence.

“We have survived and prospered all these centuries because of our ability to adapt to historical change. These people are not going away, and there are a great many of us who would still be around if adaptation had started a few years sooner.

“I imagine many of you at this stage probably think of me as a turncoat, but I ask you to sleep on these remarks. We are to reconvene on February 26 for a vote as to whether we will accept President Benedict’s proposal without litigation, which of course, would drag on for many wearisome years. World change is moving very fast today, and I think we need to move fast with it.

“If, at our next meeting, a majority of you think that I am wrong about the future I have described, then I will happily tender my resignation as your chairman, as well as my membership in this body. I invite your participation in discussion right now.”

There is a deep silence. One of the U.S. bankers speaks,

“I too am speechless. I think we all need to look at our own balance sheets before we can say anything meaningful. I move that we postpone all discussion ot these matters until we meet on the 26^th."

The vote to postpone discussion is unanimous.

February 26, 3029

The bankers reconvene. There is a good deal of grumbling, but there is also an underlying mood of excitement afoot in these times generally, that things are finally coming together in a totally workable model for this planet. Late in the day, they finally agree to accept President Benedicts terms.

As they leave, many of the bankers have trouble in suppressing a smile of well-being when they meet the eyes of their colleagues.