In the early 1990s, Harvey Francis Barnard introduced the National Economic Security and Reformation Act (NESARA), an ambitious economic proposal aimed at addressing perceived injustices in the U.S. financial system. NESARA’s core vision was to redistribute wealth, arguing that much of it had been unlawfully accumulated by elites and financial institutions.
Initially focused on U.S. economic reform, the concept eventually expanded into a global initiative known as the Global Economic Security and Reformation Act (GESARA). However, despite being widely discussed, there are no official records confirming the passage or implementation of these acts. This has led to various conspiracy theories about their reality and potential impact.
The Core Proposals of NESARA
NESARA suggested sweeping changes to the U.S. economy, touching on many areas:
- Debt Forgiveness: NESARA supporters argue that it would cancel all personal debts, including mortgages, credit cards, and student loans, claiming that these debts arose from unethical banking practices. However, there’s no official record showing this policy was enacted.
- Abolition of Income Tax: The proposal suggested replacing income tax with a national sales tax to simplify the tax code and offer a different method to fund the government. This change, however, has not been observed in U.S. law.
- Dissolution of the IRS: NESARA called for the elimination of the Internal Revenue Service (IRS), arguing it had become an oppressive tool for financial exploitation. Yet, the IRS remains an active institution responsible for tax collection.
- Increased Benefits for Senior Citizens: While discussions about increasing benefits for seniors continue, no legislation stemming from NESARA has been passed to provide enhanced support.
- End of the Federal Reserve: NESARA supporters advocated for the closure of the Federal Reserve, which many critics believe serves elite interests rather than the public. In reality, the Federal Reserve remains central to U.S. monetary policy.
- New U.S. Treasury Currency: The proposal called for a return to a currency backed by precious metals like gold and silver, rather than the current fiat-based U.S. dollar. This idea hasn’t materialized, and the dollar remains fiat currency.
- Release of New Technologies: NESARA anticipated the release of advanced technologies, including alternative energy solutions. However, no direct government action has linked these technologies to NESARA.
- Restoration of Financial Privacy: While privacy concerns are important in the financial sector, no laws stemming from NESARA have been enacted to improve financial privacy significantly.
- Reformed Treasury Banking System: NESARA proposed creating a more accountable Treasury banking system, but such reforms have not been implemented.
There remains a lot of speculation behind the NESARA/GESARA narrative and can only be taken with a grain of salt at the moment.
The Quantum Financial System: A Global Shift
Alongside NESARA’s vision, the idea of a Quantum Financial System (QFS) emerged, suggesting a shift toward asset-backed currencies and blockchain technology for global financial transactions. Blockchain technology is indeed growing in the financial sector, but the concept of a QFS is still speculative.
- ISO 20022: This standard is being adopted by global financial institutions to improve data exchange. However, there’s no formal connection between ISO 20022 and NESARA/GESARA.
- Commodity-Backed Currencies: The idea of backing currencies with tangible assets like gold, silver, and palladium is appealing but has yet to be implemented in any major currency system.
- Cryptocurrencies: Various blockchain technologies such as Ripple (XRP), Stellar (XLM), Algorand (ALGO), and Hedera (HBAR) are real technologies. However, their links to NESARA/GESARA or the QFS remain speculative. For example, while XRP is often mentioned in these discussions, it’s not backed by gold, and its primary use case is for international payments, not for a global financial reset.
Space Technology and Security
Another common claim is that U.S. Space Force and Starlink would play roles in securing global financial transactions. While Starlink does provide internet coverage worldwide, there is no confirmed connection between Starlink’s satellite network and securing financial transactions as described in these narratives.
A Vision for a Decentralized, Fairer System
The idea behind NESARA/GESARA is a more decentralized, fairer, and transparent global financial system. However, much of the narrative surrounding these acts remains speculative, with no concrete evidence proving their implementation.
Blockchain technology and cryptocurrencies are advancing in real-world applications, hinting at the possibility of a more decentralized financial system in the future. However, these developments are not officially connected to NESARA or GESARA in any legal sense. The ongoing conversation about NESARA/GESARA and the Quantum Financial System continues to live mostly in the realm of conspiracy theories, fueled by online forums and social media.
While the idea of a fairer and more transparent financial system is attractive to many, the reality of NESARA/GESARA’s implementation remains unsubstantiated.
If such a system were ever to be implemented, the growing developments in blockchain and cryptocurrency technologies could reshape the financial landscape significantly. However, for now, these discussions remain speculative, and the tangible changes many hope for have yet to materialize. As human beings, we can only hope and dream of a better financial future.
Curious about the myths and realities of NESARA/GESARA? Explore the facts, dive into the speculation, and join the conversation about the future of global finance at PodiumExpress.com!
