We are dancing on a Razor Blade!

No one knows the exact trigger point but there is no shortage of triggers.  One unnecessary little slip can cause major hemorrhaging.

Energy shocks, i.e. cost of fuel, are typically short term, but no one knows what is to be. 

The Managing Director of the International Monetary Fund (another organization that should be terminated along with the Federal Reserve), announced on April 9, 2026. "All roads now lead to higher prices and slower growth."   

The forecasts created by these cast of cartoon characters may in this instance be partially true but not even close to the truth as seen in the quantification above. One must realize that their existence (FED, IMF, EU, World Bank, Central Banks, CADs, School Districts) is a direct result of the property taxes and income taxes which is then levered up by printing money (FED vis U.S. Treasury) which requires interest on the bonds, which said interest is the exaction of society’s equity, thus the equity stripping of society as the bonds and cumulative compound interest thereon cannot be paid off. This cast of cartoon characters exist to steer a false narrative which allowed and promoted that X could be greater than Y and thus allowed and promoted the stripping of your equity. The printing of money not backed by assets is the inflation that every one of us sees, feels and touches in our daily lives. This is the exact proof that the X cannot be greater than the Y.

In the last 20 days, the following was accomplished:

• Introduction to the Constitutional Fidelity Project (link)
• Terminal Failure – Who Verifies the System (Storm Summit Presentation)
• Bond Credibility Chain (Storm Summit Presentation) (Video) X > Y
• Las Vegas Retail Margin of Safety – Comparing Households to Retail and Hotels X > Y
• How Much Stronger Would Main Steet Be Without the Fraud? X > Y
• Dangerous Intellectuals Interview with General Holt X > Y
• Request for U.S. Treasury Data Verification X > Y
• Dead to Rights – Government Internal Records
• Sunk Cost Entrenchment
• Daniela Cambone Interview X > Y

The nexus of all this effort and the Bond Credibility Chain XLSX is the fact that over the long run X cannot be greater than Y, meaning the demand on the money (X) cannot be greater than sustainable availability of funds (Y) being the funds from households.

This thesis keeps growing as the fraudulent debt and interest on that debt keeps compounding. Society is burning over $4 Billion per day just on U.S. Treasury Interest and interest on the fraudulent school district bond debt. This is not paying off any debt. The debt is growing compound cumulative which can never be paid off.

What I Mean by a Debt Jubilee

That brings me to the idea of a debt jubilee. I am not proposing the indiscriminate cancellation of every debt. I am proposing that debt restructuring should be considered where an obligation is shown, after verification and due process, to be unsupported, unsustainable, unlawfully created, or dependent on assumptions that cannot be reconciled with the underlying capacity to pay.

Historically, societies have used debt cancellation or restructuring to address situations in which debt burdens became socially or economically destabilizing. Ancient Near Eastern rulers issued debt-remission decrees; the Biblical Jubilee tradition is one of the best-known historical references. Modern restructuring takes different forms: bankruptcy, sovereign restructurings, negotiated write-downs, mortgage modifications, and statutory relief programs.

A modern American debt-jubilee framework, if one were ever adopted, should be rules-based rather than political or arbitrary. It should distinguish between supportable principal and unsupported claims, protect due process, preserve legitimate creditor rights, and prevent the relief itself from becoming a new source of moral hazard.

Five Rules for Any Serious Jubilee Framework

1. Verify the debt genealogy. Every material obligation should be traceable to the underlying principal, interest terms, collateral or tax base, refinancing history, and source of repayment.
2. Preserve supportable principal first. The objective should be to protect the maximum principal that sustainable cash flow can actually support, not to erase obligations merely because repayment is inconvenient.
3. Separate restructuring from concealment. Losses that already exist economically should not be hidden through serial refinancing, unsupported valuation increases, or shifting obligations off balance sheet.
4. Address tax treatment explicitly. Under current federal law, canceled debt is generally taxable income unless an exception or exclusion applies. Any statutory jubilee would therefore need explicit rules for cancellation-of-debt taxation so that relief does not simply create a new tax liability.
5. Require transparency and independent verification. A restructuring process should publish the assumptions, source data, formulas, and treatment of creditors and taxpayers so that the public can independently test the result.

TIME IS OF THE ESSENCE

Property Tax Reform Is Part of the Same Discussion

My policy proposal is to replace property taxation with a uniform state sales-tax structure designed to be transparent at the point of transaction rather than dependent on recurring subjective valuation of privately owned property.

The broader principle is that taxation should be understandable, measurable, and constrained by the sustainable capacity of the population paying it. The same standard should apply whether the obligation is called a property tax, a bond payment, an assessment, a fee, or an interest charge.

Civic Literacy Is the First Line of Defense

The most durable reform is not a particular political slogan or institution. It is a population that knows how to inspect records. Citizens should know how to make open-records requests, obtain budgets and bond documents, read appraisal records, compare official numbers, and ask officials to reconcile conflicts.

That is the purpose of the Constitutional Fidelity Project and the public evidence repositories I have helped build. The goal is to make the material navigable enough that an eighth grader, a retiree, an attorney, an accountant, or a bond professional can ask the same basic question: Where did the number come from, and can it be independently reproduced?

A Note on the Federal Reserve and Inflation

I am deeply critical of monetary expansion and of policies that allow nominal financial claims to grow faster than productive capacity and household income. But precision matters. The Federal Reserve does hold substantial assets, including Treasury securities and agency mortgage-backed securities, on its balance sheet. My criticism is therefore not that the balance sheet contains no assets; it is that monetary and credit expansion can change the quantity and price of financial claims in ways that shift purchasing power, encourage leverage, and delay recognition of unsustainable obligations.

Inflation is experienced by households as a loss of purchasing power. Whether a particular episode of inflation comes from monetary policy, fiscal policy, supply constraints, energy prices, credit expansion, or some combination of those factors, the X > Y test remains relevant: recurring claims on household income cannot permanently compound faster than the income available to satisfy them. Ignoring these facts as the Federal Reserve does, in favor of its existence, only exacerbates the problem and eventual mass defaults.

The Historical Warning Is About Representation and Consent

American history is full of disputes about taxation, representation, and the limits of governmental power. The Library of Congress documents how colonial resistance to the Stamp Act centered on the principle that taxation imposed without representation and consent violated political rights.  That history should not be reduced to a slogan; it should remind us that taxation and public debt ultimately rest on legitimacy.

Legitimacy requires more than a statute or a bond certificate. It requires public institutions to be able to explain what they are doing, produce the records supporting it, and operate within constitutional and legal limits.

The Practical Questions:

'What do you mean by a debt jubilee?'   I mean a verification-first restructuring process for debt that cannot be supported by the underlying cash flow or that is shown through due process to be legally or factually defective. The purpose is to preserve as much legitimate principal as possible while stopping the compounding of obligations that cannot be paid.

'Who decides what is legitimate?'   It must be determined through transparent records, independent verification, applicable law, contractual rights, and due process.

'Why now?'  Because the scale and interconnectedness of debt markets make delay more expensive. When credibility is strong, markets can absorb mistakes. When credibility weakens, price discovery can become rapid and disorderly.

'What can an ordinary person do?'  Learn how to obtain the records, follow the money, test the numbers, and refuse to outsource your civic judgment.

Conclusion: Test X Against Y

A debt jubilee is not the starting point. Verification is the starting point. A jubilee is one possible tool after verification reveals a debt burden that cannot be reconciled with lawful, sustainable cash flow.

The ultimate reform is the discipline of refusing to pretend that X can permanently exceed Y.  If the demand on money grows faster than the sustainable availability of money, the imbalance will eventually be resolved. The only question is whether it is resolved transparently and deliberately, or through crisis.

My preference is simple: produce the records, preserve what is supportable, correct what is not, and let the public see the math.

Public Resources

Constitutional Fidelity Project: https://constitutionalfidelityproject.org/.

DCAD / case information and evidence repository: https://www.mockingbirdproperties.com/dcad.

Open-records education and public research resources: https://www.realestatemindset.org/.

Verification Notes and Sources

1. U.S. Supreme Court, Docket No. 26-179. Docketed August 10, 2026; Mitchell Vexler, et al. v. Don Spencer, Chief Appraiser, Denton Central Appraisal District, et al. Source

2. Federal Reserve, Financial Accounts of the United States, Z.1 (September 11, 2026), Table F.3. Reports total U.S. debt securities outstanding of about $67.34 trillion at 2026 Q2, including about $30.88 trillion of Treasury securities. Source

3. SIFMA, U.S. Treasury Securities Statistics. Reports about $31.8 trillion of U.S. Treasury securities outstanding as of August 2026. Source

4. IRS Topic No. 431, Canceled Debt - Is It Taxable or Not?. Explains that canceled debt is generally taxable unless an exception or exclusion applies. Source

5. Library of Congress, 'No Taxation Without Representation'. Documents colonial objections to taxation imposed without representation and consent. Source

6. Texas Tax Code, Chapter 6. Describes appraisal-district governance and the role of participating taxing units; it is more precise to describe the statutory governance relationship than to characterize appraisal districts as 'owned' by school districts. Source