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RE: DEBT AND INTEREST FREE DOLLARS "AND" CENTS...

in #steemit7 years ago

I agree with what you say and think it is the thing to do, but I have two problems
How will we pay off the national debt
What will we back this dollar with. I hope that gold is still at Fort Knox

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We will never use gold and silver coins again as a medium of exchange... The Federal Reserve Notes will be turned in by everyone holding them for a penny per dollar... Those dollars turned in will be returned to the Federal Reserve Banks... Give unto Caesar, right...??? If there is still debt and interest to be paid back, we can either use A New (Debt and Interest Free) Dollar that will be valued at 1 New Dollar that will pay off 100 Old dollars... It will be a reset... The thing I keep telling everyone about coins is that it will still take 100 cents to obtain a New Dollar... It will take 100 old dollars to get the same New Dollar... The New Dollar will be backed by it's new buying power... The only reason for money is a means to make exchanges easier for those doing the exchange...We never needed the Federal Reserve (Debt) Notes... They will be returned and the interest paid with our own debt and interest free money...
@pocketechange

...the U$A will default on the debt.
Whether or not the evil elites will get a partial payment remains to be seen. But it is impossible to repay using their own paper ponzi fiat toilet paper notes. There's a sentence full of redundancies for ya! :D

We won't default on our Debt... The Debt is owed in so called dollars... They aren't even real Dollars... It's nothing but Play Money... We will pay off the Debt with our Coinage and New Currency... The Federal Reserve (in my opinion) has been robbing us blind for over a hundred years... What I'd really like to see happen is for Our Government to Seize all their Assets and Kick them the Hell out of our Country, but being that we're the Good Guys, they'll get what they have coming... One Cent for each of their "so called" dollars...
@pocketechange

Trump has already mentioned the possibility of a Default ;)
The "elites" (inbred a-holes is more like it...) have the Derivatives, which will multiply the world debt way beyond our ability to repay the "1% payoff" that you are saying will happen. That part of their plan is TOTALLY BOGUS, and maybe that is the portion that Trump will default on. Buffett calls derivatives "Financial Weapons of Mass Destruction"

I'm sure "it will all come out in the wash" but it's seemingly a bit more complex, at least that is what the "elites" want us to believe! I agree, we need to just kick them OUT!

Why should the U.S. be responsible for the Derivative Debt...???
That should be someone else's problem... Right...???
@pocketechange

AGREED, but the "elites" are pushing the "US Banks, US Bailout" scenario...
I think that the 2008-2009 bailouts cured the public of having that ever again! I never got more likes on commentary, than when I said "NO MORE BAILOUTS" on content about banking. PERIOD! ;)

Wait until you seem my latest post titled, "U.S. CURRENCY... You Can't Lose..."
@pocketechange

checking your feed ;)

Thanks again... By the way... We won't be giving the Federal Reserve a Penny for each Dollar Debt Note... The People will get the Penny for turning in the Debt Notes... The Federal Reserve will get their Debt Notes Back as we take back the Bonds... That's when we burn or shred their Debt Notes... We deduct the debt with each Debt Note we give back and destroy...

The Digital Blips showing up on your Bank Accounts will be converted to the New Dollar Digital Blips... One exception might be the remaining Digital Cents... You might get up to 99 Cents in Coins, back from each Bank Account... Let's say at the reset, you have $100.99 in your bank account... You'll get One New Dollar for the 100
@pocketechange

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