NESARA – Truth or Scam?

NESARA – Truth or Scam?

  12 Apr 2024

NESARA Conspiracy Theory


NESARA, which stands for the National Economic Security and Reformation Act, is a set of proposed economic reforms for the United States that gained popularity with various groups in the late 20th and early 21st centuries. 

The legislation involves sweeping changes, including 

  • The forgiveness of mortgage and other personal debt
  • The abolition of the IRS
  • The introduction of a flat tax on non-essential new items
  • Reform of the global financial system
  • Among others. 

Despite its detailed provisions, there is no evidence that NESARA was ever passed into law or even presented to Congress. 

The NESARA/GESARA concept has become a popular subject of conspiracy theories, which claim that the act’s implementation has been suppressed by governmental and financial institutions. 

Over time, NESARA has evolved from a proposed legislative framework to a phenomenon within conspiracy and speculative fiction circles, with varying interpretations and claims associated with its alleged existence and implications.

Understanding NESARA/GESARA?

The chatter around NESARA/GESARA has grown louder in recent years, drawing curiosity and skepticism in equal measure. The concept of NESARA (National Economic Security and Reformation Act) and its global counterpart, GESARA (Global Economic Security and Reformation Act), have roots tangled in a mix of genuine legislative proposals and sprawling conspiracy theories. These are no ordinary subjects.

At its core, NESARA proposes sweeping changes to the U.S. financial system, focusing on erasing debt and restoring economic security. Its allure is undeniable: imagine a world where mortgage and credit card debts are wiped clean, and tax policies are overhauled to benefit the average Joe. The narrative deepens with GESARA, which takes these principles global, suggesting similar reforms for countries around the world. This utopia promises an end to financial crises, poverty reduction, and a more equitable distribution of wealth.

  • A complete wipeout of debts, including credit cards, mortgages, and loans
  • Introduction of new financial policies to prevent economic downturns
  • Implementation of privacy laws to protect citizens’ financial data
  • Global reforms aimed at eliminating poverty and ensuring economic security for all

The theory’s believers often weave in elements such as the introduction of a quantum financial system, designed to replace the current, supposedly corrupt, financial structure, forgery-proof currency, and the secretive restoration of the gold standard. They claim that laws enforcing these revolutionary changes have been covertly passed, hidden from the public eye by powerful elites.

Yet unfortunately for hopeful believers in NESARA/GESARA, the picture is clear. NESARA and GESARA never became law and anything that claims otherwise is either conspiracy theory or a scam.

The Origins and Development of NESARA

The journey of NESARA began with a bold idea, one that aimed to reshape the very fabric of the United States’ financial system.

Initially proposed to clear nationwide debts and revamp tax laws for the betterment of all citizens, the idea quickly blossomed into a series of legal attempts aimed at turning this vision into reality.

Yet, as the legislative route faced hurdles, its essence started morphing.

It transformed from a mere proposal into a broader movement, catching the interest and imagination of people far and wide.

Along this road, figures like Shaini Goodwin played pivotal roles in amplifying its message, weaving stories of secret laws and imminent financial liberation.

This evolution, teeming with both promise and suspicion, inevitably prompts questions about the legitimacy of NESARA and whether its claims hold any truth or if they merely conjure a scam of colossal proportions.

The Initial Proposal and Its Goals

The conception of this idea took place amid a turbulent period for the U.S. financial landscape, with its architects dreaming of radical reform that would mitigate the nation’s debt crisis and overhaul its tax machinery. The goal was straightforward yet monumental: to foster a financial environment wherein every citizen could enjoy greater economic freedom and security, largely by eliminating the burdens of debt and unjust tax systems that weighed heavily on the populace.

Driven by this ambition, the initial proposal for NESARA encompassed revolutionary ideas aimed at resetting the United States’ economic policies. It wasn’t just about eradicating debt; it was a comprehensive plan intended to introduce fairness and transparency to the financial system, protect individual privacy, and lay the groundwork for sustained economic growth and stability. These aspirations formed the cornerstone of what NESARA sought to achieve, heralding a new era of financial justice and prosperity.

Advocates faced formidable opposition from various quarters, stymieing attempts to legislate these radical reforms into the fabric of American life.

The proposal sparked intense debate, exposing a divide between those seeking profound change and others wary of its implications. Despite passionate advocacy, these legal efforts to enshrine NESARA stumbled, entangled in a web of political and financial complexities that underscored the challenge of altering the course of a nation’s economic destiny.

Shift From Legislation to Movement

As the legislative path for NESARA encountered roadblocks, its spirit experienced a fascinating transformation. What began as a set of proposals bound by the rigors of lawmaking expanded into a broader movement, in the hearts and minds of its proponents. This shift from legislation to movement marked a pivotal change in strategy, where advocacy and public engagement began to play a crucial role in spreading NESARA’s ideals.

This metamorphosis into a movement was propelled by the fact that the obstacles within traditional legislative avenues couldn’t be overcome. But the message of economic reform and justice still inspires change through other means. The hope and desire for realistic financial reforms created a community that goes way beyond the confines of policy wonks and legislators, igniting discussions on internet forums, podcasts, and books. As a result, its journey from an ambitious legal proposal to a vibrant movement showcases the power of ideas to transcend conventional boundaries, seeking to alter the financial landscape through the sheer force of collective will.

Is NESARA a Scam?

The question of its legitimacy invariably surfaces: Is NESARA a scam? 

Let me be blunt. No matter how hopeful people are, there is no evidence that it ever was passed and became the law in the United States.

Key Components of the NESARA Proposal

Peering deeper into the heart of the NESARA proposal unveils its ambitious blueprint for transforming the financial landscape of not just the United States, but potentially the globe.

The proposal pivots on several pivotal pillars: erasing monumental piles of debt to liberate individuals from financial suffocation, overhauling banking and monetary systems to root out inefficiencies and corruption, and instituting sweeping changes to tax structures to foster fairness and stimulate economic growth.

Each of these facets interlocks to sketch a vision of financial emancipation and security, a concept as alluring as it is controversial in its feasibility and implications.

In this exploration, I delve into how these key components propose to rectify the entrenched flaws within our current economic framework.

Erasing Debt and Its Implications

The dream of erasing debt underpins the foundational principle of NESARA, aiming to liberate individuals from the chains of financial obligations that include loans, mortgages, and credit card debts. This revolutionary idea posits an economic landscape where citizens can start anew, unburdened by past financial decisions and constraints, fostering an environment of liberty and prosperity.

Yet, the implications of such sweeping debt forgiveness extend far beyond individual financial freedom. Eradicating debt on a massive scale could potentially disrupt the established order of the global financial system, challenging the mechanisms of credit and investment that fuel economies. While the promise of debt relief carries a seductive allure, it beckons a careful consideration of its ripple effects across economic stability and growth.

Reforms in Banking and Monetary Systems

The original proposal includes a radical rethinking of the banking and monetary systems, aimed at eradicating the inefficiencies and corrupt practices that have long plagued our financial institutions. It suggests implementing blockchain technology to ensure transparency and security in transactions, a shift that could revolutionize the way we view and use money.

Moreover, the introduction of a forgery-proof currency under NESARA aims to not only protect against counterfeiting but also fortify the economy against inflation and manipulation. This move towards a stable and secure currency is envisioned as a key step in restoring trust in the global financial system, laying the groundwork for a future where economic transactions are both safe and equitable for all participants.

Changes in Tax Structures

The original proposal promises a sweeping reform of tax structures, aiming to dismantle the complex and often inequitable system that currently exists. By proposing a more simplified, fair tax regimen, this act seeks to alleviate the financial burden on individuals, fostering an environment where economic growth and prosperity are more accessible to everyone.

This restructuring of tax laws aims to replace the current tax system with a flat-rate, non-essential goods and services tax: a move anticipated to revolutionize the way we think about and manage taxes. The shift is designed not only to simplify the tax landscape but also to ensure a more equitable distribution of the tax burden, thereby promoting a sense of fairness and transparency within the financial ecosystem:

  • Alleviation of the financial burden on individuals through simplified tax structures.
  • Replacement of the current complex tax system with a flat-rate tax on non-essential goods and services.
  • Promotion of fairness and transparency within the financial and taxation systems.

NESARA’s Evolution Into a Conspiracy Theory

Delving deeper into the world of NESARA and its global iteration, GESARA, what initially emerged as an ambitious legislative proposition has morphed into a sprawling narrative steeped in conspiracy theories.

The transition from a legal overhaul aimed at eradicating debt and reforming the financial system to a complex web of global intrigue was both fascinating and bewildering.

This evolution brought forth a cavalcade of major claims and predictions, framing it not just as a policy proposal, but as a hidden force influencing global politics and economics.

Along this journey, certain figures have assumed almost mythic proportions, instrumental in weaving and spreading the lore of NESARA.

Their narratives intertwine with those of George W. Bush and Donald J. Trump, two presidents who, according to proponents, played pivotal roles in the saga of this movement’s supposed suppression and eventual realization.

This segment of the story underscores NESARA’s metamorphosis from a potential legal reform to a cornerstone of conspiracy theories that captivate and divide opinion worldwide.

From Legislative Proposal to Global Conspiracy

The leap from a legislative attempt to uplift the economic stature of a nation to a sprawling conspiracy theory illustrates a unique transformation within the annals of financial reforms. NESARA’s journey from a set of economic reforms to becoming a nucleus of global conspiracy theories unfolded as discussions moved from legislative chambers to the vast expanse of the internet.

The narrative surrounding NESARA evolved as it caught the imagination of individuals far removed from the initial proponents. This evolution was propelled further into the realm of conspiracy by attributing unrealized political and financial upheavals to the hidden implementation or suppression of NESARA, thereby creating a global storyline intertwining fact with fiction.

Major Claims and Predictions of NESARA Theorists

Navigating through the maze of this issue’s narratives, one finds a series of audacious claims and bold predictions that are as appealing as they are controversial. Among these, theorists assert that a secret law was enacted to usher in an era of prosperity, wiping out individual debts and transforming the financial landscape into one of fairness and transparency.

Furthermore, these proponents often speak of impending global financial reforms under GESARA, believing that a monumental shift towards economic stability and equity is on the horizon. This belief is rooted in the conviction that hidden forces will dismantle the current financial system, replacing it with one that eliminates poverty and inequality across the globe.

Influential Figures and Their Roles

In reporting on NESARA/GESARA one cannot overlook the role played by Shaini Goodwin. Known in certain circles as “Dove of Oneness,” Goodwin propelled the narrative of NESARA/GESARA from the fringes toward the center stage of internet-driven discourse.

Her fervent dissemination of information promising wealth, peace, and forgiveness of credit card debt struck a powerful cord and tapped into the collective yearning for a radical financial overhaul. Through her advocacy, Goodwin not only amplified the reach of NESARA/GESARA but also galvanized a community of followers, eager for the promise of debt forgiveness and economic justice she painted with such conviction.

Another figure of note is Harvey Francis Barnard, the original architect of the NESARA proposal. His vision for economic reform and financial stability in the United States provided the foundation upon which the vast superstructure of NESARA/GESARA conspiracy theories was built. While Barnard’s intentions were rooted in tangible economic grievances and a genuine desire for systemic change, his proposal eventually transcended its legislative aspirations, mutating under the guidance of figures like Goodwin into the sprawling, enigmatic phenomenon it is recognized as today.

George W. Bush and NESARA

George W. Bush is a controversial player in this saga. Critics of the legislation often point to his presidency as a critical juncture where this bill, despite supposedly being ready for implementation, was shelved due to political and economic interests that directly conflicted with its progressive objectives.

According to proponents of the conspiracy theory, Bush played a pivotal role in suppressing the act’s enactment, a narrative that paints him as orchestrating a vast financial conspiracy to maintain the status quo. This viewpoint casts a long shadow over the Bush administration, stirring debates on the interplay between politics, economic policies, and the hidden forces alleged to control them.

Donald J Trump and NESARA

Donald J Trump’s presidency stirred significant discourse around NESARA, with some proponents heralding him as a pivotal figure in the act’s potential revitalization. This perspective suggests Trump’s administrative actions could facilitate, or at least not impede, NESARA’s rumored sweeping financial reforms.

Amidst the sprawling narratives, Trump’s era embodied a time of heightened speculation about NESARA’s possible implementation. His leadership, marked by unconventional politics and economic policies, ignited discussions that perhaps he would be the catalyst to bring the long-awaited NESARA promises to fruition.

Debunking NESARA Myths: Fact vs. Fiction

In the quest to evaluate the legitimacy of these claims, one must tread cautiously. The sheer volume and appeal of assertions surrounding NESARA demand a meticulous examination: Are these the musings of hopeful idealists, or do they hold a grain of truth in the complex tapestry of our financial system? Tackling this question isn’t just about debunking myths; it’s about engaging with the details that either substantiate or dismantle the foundation upon which NESARA stands.

Aspect Claim Evidence Verdict
Debt Forgiveness Complete erasure of personal and national debt Lack of actionable legislative framework Never Passed
Quantum Financial System Replacement of current system with quantum technology No credible sources or implementation roadmap Fantasy
Economic Stability Global prosperity and elimination of poverty Idealistic but lacks pragmatic approach and global consensus Overly Simplistic
Summary of Claims vs. Facts around NESARA

Impact of Misinformation on Believers

The impact of misinformation around NESARA/GESARA on its followers cannot be understated, painting a stark picture of disillusionment for those who tightly clung to its promises. I’ve seen firsthand how these unsupported beliefs can foster a deep sense of betrayal among the community, particularly when the envisioned economic utopia fails to materialize, leaving adherents grappling with the harsh realities of unchanged financial burdens and systemic injustices.

Moreover, the spread of misinformation has far-reaching consequences, fueling distrust in established financial and governmental institutions. Such skepticism, while healthy in moderation, becomes problematic when it disconnects individuals from engaging constructively with real-world economic policies and reforms. This dichotomy serves as a potent reminder of the critical need for discerning engagement with information, encouraging a mindset that seeks evidence and authenticity over captivating narratives.

Where Does NESARA Stand Today?

As we navigate through the sweeping narratives and evolving discussions around NESARA/GESARA, it’s essential to pivot our focus towards its current standing in the global socio-economic landscape.

Engaging with the present-day relevance of this concept and its group of steadfast and wishful supporters sheds light on its enduring allure.

Simultaneously, understanding the varied responses from governmental bodies and media outlets provides a nuanced view of the broader reception to these theories.

Furthermore, speculating on the possible trajectories of the movement offers a glimpse into potential shifts in economic paradigms.

Current Relevance and Supporters

The relevance of NESARA/GESARA clearly persists, driven by a small but fervent group of advocates and supporters. This cadre, diverse in its composition, spans continents, drawing together individuals from the United States to distant locales like India and Africa, all united by a shared belief in the transformative potential of NESARA/GESARA.

Despite skepticism and challenges to its legitimacy, the movement’s core ideas continue to inspire and motivate this devoted collective. They harness the power of the internet, leveraging social media, forums, and digital content to spread the word, keep the conversation alive, and recruit more believers to their cause. This grassroots approach has sustained the movement’s momentum, ensuring that NESARA/GESARA remains a topic of discussion and aspiration well into the present day.

Government and Media Responses to NESARA Theories

When trying to understand the full scope of NESARA/GESARA, it is clear that government bodies generally maintain a stance of dismissal or silence on the matter, treating the theories at best as misguided fantasies and at worst as detrimental misinformation. This response, or lack thereof, draws a line in the sand, effectively distancing official policy and discourse from the fringe theories that NESARA/GESARA represents.

Conversely, the media’s approach, especially in platforms known for investigative rigor such as the BBC World Service, usually categorizes NESARA/GESARA within the realm of conspiracy theories, dedicating resources to debunking its claims. Through articles and podcasts, they dissect the feasibility of such economic reforms, underlining the lack of substantiated evidence backing the sweeping changes NESARA/GESARA advocates for, thus shaping public perception and understanding of these theories.

Possible Futures of the NESARA Movement

Speculations on the possible future of the movement range from gradual fade into obscurity to becoming a catalyst for discussions on financial reform. Should the broader public and influential thought leaders start engaging more seriously with its underpining desires for economic fairness, it might shift from fringe theory to a more mainstream debate platform.

However, in the absence of concrete legislative action or a significant shift in the global financial paradigm, NESARA shows little hope of becoming reality.  Its evolution will likely depend on the ability of its proponents to adapt their messaging to resonate within the changing landscapes of law, technology, and global economic policies.

  • The movement’s trajectory hinges on the engagement of both the public and influencers in the financial sphere.
  • A lack of legislative grounding or paradigm shift keeps NESARA in speculative territory.
  • Future relevance depends on adapting to evolving global economic, technological, and legal contexts.

Frequently Asked Questions

What is the concept behind NESARA/GESARA and how did it originate?

The concept behind NESARA/GESARA centers around a set of proposed economic reforms aimed at eliminating global poverty and ensuring financial freedom. It originated from a rumored bill in the United States in the 1990s, which later inspired global movements seeking similar reforms worldwide.

Can you provide an overview of the key components proposed by NESARA?

NESARA, short for the National Economic Security and Reformation Act, centers on pivotal changes aimed at enhancing economic security. Its key components include the forgiveness of debt, such as mortgage and credit loans, alongside the overhaul of the tax system to foster a fairer financial environment.

How did NESARA transition from a financial policy proposal to a widespread conspiracy theory?

NESARA’s journey from a financial policy proposal to a conspiracy theory is truly fascinating. Initially conceived to reform the financial system and eliminate debt, it unexpectedly morphed into a narrative entwined with secret laws and global salvation claims, catching the imagination of many far beyond its original scope.

What are some common myths and misconceptions surrounding NESARA that need to be debunked?

The myths and misconceptions surrounding NESARA, or the National Economic Security and Reformation Act, are as varied as they are numerous, muddling the reality of what NESARA truly represents. They range from the belief that it will immediately erase all personal debt, to the notion that it is a harbinger of a new, utopian economic system.

One of the most pervasive myths is that NESARA will abolish all forms of debt overnight. While it’s a hopeful idea, especially to those faced with the burden of significant financial obligations, the truth is far more complex. NESARA proposes reforms to the financial system, but it doesn’t wield the magic wand that some imagine, capable of wiping out debts universally.

Another common misconception is that NESARA will replace the current financial system with a currency backed exclusively by precious metals, such as gold or silver. In reality, though the act aims to introduce more transparency and stability into the monetary system, transitioning to a solely precious metal-backed currency is a simplification that ignores the multifaceted nature of modern economics.

There’s also a conspiracy theory that suggests NESARA has been enacted secretly, with global leaders and the media, including outlets like the BBC World Service, colluding to keep it under wraps. Poking holes in this theory isn’t hard; a secret of such magnitude, involving numerous nations and affecting billions of lives, could hardly be contained in an era where information flows as freely as water.

The vision of NESARA as a panacea for all economic and societal issues is a fantasy, appealing though it may be. The real work of improving our global financial system, including the pursuit of economic security for all, requires a nuanced understanding of law, policy, and human psychology. It’s a complex challenge that defies simple solutions, demanding cooperation and creativity from all corners of the globe, including the United Kingdom, Africa, and the Caribbean, to name just a few.

In debunking these myths, we clear the path for a more grounded and productive discussion about NESARA, its potential benefits, and its limitations. Only by separating fact from fiction can we engage in meaningful dialogue about the future of our economic system and explore the reforms necessary to create a more equitable and secure financial landscape for all.


NESARA and GESARA, with their ambitious proposals for sweeping financial reforms, notably debt forgiveness, banking overhaul, and tax restructuring, captivate a segment of the global population longing for economic justice and transparency.

Despite their allure, the absence of tangible evidence and legislative action renders these concepts speculative at best and a breeding ground for conspiracy theories at worst.

The movement, propelled by passionate advocates and internet discourse, maintains relevance among its followers but faces skepticism from governmental bodies and media experts who challenge its feasibility and legitimacy.

The enduring fascination with NESARA/GESARA underscores a deep societal desire for a radical financial reset, yet its future impact hinges on the movement’s ability to substantiate its claims within the realms of established economic and legal frameworks.

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