FREEING THE DEBT SLAVES...
Guess what...??? If this is the first time you stumbled upon one of my Posts, you're in for a big treat... I'm pretty confident I found the answer to our National Debt Nightmare...
Congress has the Power to Coin Money and "Regulate" the Value thereof... You can find those words in Article 1, Section 8 of the United States Constitution... The important words here are Regulate (reset) the Value thereof... Doesn't get more Powerful than that...
That plus my Pocket Change Theory should make it possible to remove all the Federal Reserve Notes from Circulation, Pay off the National Debt and print our own Debt Free Currency, backed by Pocket Change...
If you're not familiar with my Pocket Change Theory, we Transfer the value of a Current One Dollar Debt Note to that of a Common One Cent Coin... Both will have equal value after/during the Reset... We then spend or redeem all Federal Reserve Notes, at 1 penny for each dollar... A U.S. Dollar Coin will have the buying power of One Hundred Federal Reserve Note dollars and vise versa...
We give the redeemed Federal Reserve Notes back to the Federal Reserve as payment of Debt... People say they never issued the interest owed on the Debt, but with our New Dollars, backed by Common Coinage, we won't have any problems paying the interest owed on the Debt...
Everything will reset as per the revaluation of our Coinage... If you were making 50 dollars per hour before the reset, you'll be making 50 cents per hour after the reset, but the 50 cents will have the exact same buying power as the 50 dollars... As an added bonus in buying power, you'll now be in a lower income tax bracket...
Thanks for reading... Tell your Family, Friends and Followers... @pocketechange
@pocketechange
I got better idea: first print a lot of FED notes, then use them to repay the national debt and then invalidate them ;-)
You can declare that 50 cents in new money is equal to 50 million in old one if you feel like it - this is called denomination, has been done many times before and doesn't change anything, except the number of zero's on the currency tokens.
I don't feel you understand what I've been saying...
Do yourself a favor and read more of my posts...
@pocketechange
Oh, I have read it all right. But this does not make any economic sense in my opinion. From the other hand I respect your right to have views/opinions which are different than mine.
Paying off the Debt makes no economic sense...??? Lower income taxes make no economic sense...??? I'm not sure you understood the points I've been making... I think my Posts deserve another look... What I have to say is really very simple... It's like you're telling me that 2 plus 2 equals 4 doesn't make any sense...
@pocketechange