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By Kent Welton (Reporter)
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Pay off the national debt, save the interest

Monday, May 16, 2011 18:46
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As long as "our" Fed is printing money out of nothing, let's re-take and use that out-of-thin-air money machine ourselves to payoff the national debt, buy in the bills, and forever save the interest.  We gain an asset and retire-lose a liability.   The call-in money paid out for this purpose could be conditioned-structured-channeled to only be used for certain investments or purposes, otherwise taxed.  If not all at once, then payoff one class of debt owners per year.
     The national debt would disappear, overnight or progressively, and we would then re-begin the process of treasury-issued, congress mandated, monetary investments with constitutional money and not private central bank debt-money – a centuries-old scam currently putting us on the fast track to bankruptcy and ruin.  Its what the founders intended… why aren't we doing this?   We don't need to borrow our own money!  Dear Congress – end the Fed, revise the legal tender laws and get on with it… or forever be reviled by the people and your own children!

Kent Welton,
PublicCentralBank.com

 

 

 

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