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Can The National Debt Be Paid?

November 16, 2015
Can the National Debt Be Paid Down
and If So, Who Will Pay it?


About  AFA’s Center for the Investigation of the National Debt:

The objective of the Center is to be a non-political public provider of educational resources which explains in detail the true size and composition of the U.S. National Debt. The Center is founded on the belief that the U.S. National Debt represents a financial and economic crisis that threatens the viability and longevity of the United States of America. The Center’s educational resources are designed to inform the public about this significant crisis WHICH can only be solved by activated citizens possessing factual knowledge and education.

For more information about the Center see the Center website:
http://www.americanfreedomalliance.org/microsite/centernationaldebt/about.html



THE KISS SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.
ONE SENTENCE -A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

As Frederick Soddy said,
” So elaborately has the real nature of
this ridiculous proceeding been surrounded with
confusion by some of the cleverest and most
skillful advocates the world has ever known, that
it still is something of a mystery to ordinary
people, who hold their heads and confess they
are ” unable to understand finance “. It is not
intended that they should.”
————————
Yes, the truth has a solution:
————
Reverse “ an economic recovery program that has privileged the recovery of financial markets and corporate profits has fueled the increase in wealth inequality, in the United States and across the world.”, reverse that program, make it fund “…a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
“Capitalism is the “best” system to date devised by mankind. As it is administrated, perhaps, is where the “flaw” is manifested. If capitalism used its Central Bank properly,that is for the betterment of the common good, with equality and justice for all, capitalism would be the best ways and means to help “form a more perfect union….”, Pontifical Council.
SOLUTION.
“LEGISLATE FOR “We the People” WHAT WE HAD LEGISLATED THE CENTRAL BANK TO DO FOR THE Private For Profit Banks (PFPB) ! ISSUE OUR OWN MONEY AS LOANS AND CHARGE A TAX CALLED INTEREST ! ! ! ”
Create an honest Central Bank that shall fund-
““We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…””
When a honest Central Bank uses “QE” for the betterment of the community in a capitalistic economy, it will be the greatest system ever devised by mankind.
FREE DOWNLOAD: “The Role Of Money”
http://archive.org/…/role…/roleofmoney032861mbp_djvu.txt

THE KISS SOLUTION TO DECREASE INEQUALITY GAPS, POVERTY, and NATIONAL DEBT.
ONE SENTENCE -A CAPITALISTIC ECONOMY WITH A HONEST CENTRAL BANK.

WHY WOULD YOU NOT WANT PROSPERITY FOR YOURSELF AND YOUR CHILDREN ?
When a bank charges interest, it may be usury.
When the government  charges interest it is taxation.
When  a government has a mandate .. “to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…”
What better way is there than:Taxation !
DO FOR OURSELVES WHAT WE HAD ALLOWED THE CENTRAL BANK TO DO
FOR THE Private For Profit Banks (PFPB) !
LOAN OUR own MONEY and CHARGE (interest) A TAX ON IT.
AMEND THE FEDERAL RESERVE CHARTER; TURN THE FED RESERVE INTO THE FEDERAL RESERVE BANK OF AMERICA (FRBA),RESTORE MONETARY POWER BACK TO THE PEOPLE ,OPERATE THE FRBA WITH ABSOLUTE TRANSPARENCY, OPERATE AS A HONEST BANK.
(“GLINDA,the Good Witch, owns a Great Book of Records that allows her to track everything that goes on in the world from the instant it happens.”_The Road to Oz)
Form a more perfect “capitalistic “monetary circle: $100 trillion issued as loans to come back as $200 trillion as payment while at the same time as it returns creates a revenue stream for  $100 trillion in new loans while spending $100 trillion as Congressional appropriations for the benefit of the people.
Isn’t this what has been done to us by the Private For Profit Banks since we have allowed the FED to work for them ?
What if they say this solution is ,
““Inflation! Hyperinflation!!”
“Income Inequality & Unemployment Are Cheaper to Solve”
“Everybody says Climate Protection Will be Cheap”
“We Need to Support Dominant Carbon Pricing Framework & Political Consensus”
“Government is Always Inefficient and/or Ineffective”
“We are Comfortable Right Now, Thank You”
“Advocacy Will Endanger My Stance as a Critic”
“Civilization is Not Worth Saving; It’s not Worth the Effort”
ANSWER:
The greatest challenge to over come will be slung at you in a million ways, with millions of cries, “It can’t be done.”,
“You will put us in unbearable debt.”
“We will no longer be able to sustain our  sovereignty.”
So how will you create enough government revenue to create 3-5 million new jobs,
reduce Federal Personal Income Taxes, increase Social Security, have Medicare for all
and decrease the National Debt?
THERE IS A WAY .
While adhering to the basic principle-“The way and means for a ‘capitalistic sovereignty’ is to RAISE TAXES should they wish to increase spending.”
Yet no one explains that there are “other ways” of taxation. There is a method available to us that is no only fair but also of such a magnitude that it could fund this great union
to become…“…a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity,…
Simply a better, fairer taxation.
No inflation or deflation for there is zero change in the capital value of the sovereignty.
There is zero change on the balance sheet of the Central Bank; a true zero net change.

For any nation to be a Monetary Sovereignty….
.. it must be the sole creator of its sovereign currency.
…it must have the ways and means to control its sovereign currency for quality and quantity.
…it must under modern money systems be fiat since its money is transferable “thru thin air”.
…it must understand that it is the guardian of the value of the currency , if it wishes to be capitalistic; otherwise that nation will be totalitarian. As a guardian (recording and exchanging) it does not own the value of the currency it creates.
…it must use that currency knowing that it must also return it back to the community (the rightful owners).
…all transactions using sovereign currency must be “REAL”, meaning backed by 100% of issued sovereign currency. All that has been issued backed by “reserves” must over time be converted to loans from the Central Bank, the sole issuer of the currency.In order to prevent “systemic failure” it must make available the currency as loans at a fixed rate and duration in amounts deemed necessary to allow the private banking system to be solvent.

**
“There never was an idea stated
that woke men out of their stupid indifference
but its originator was spoken of as a crank.”
— Oliver Wendell Holmes, Sr.
(1809-1894) American Poet
Source: Over the Teacups, 1891
http://quotes.liberty-tree.ca/quote_blog/Oliver.Wendell.Holmes.Quote.4087

**

In four books written from 1921 to 1934, Soddy carried on a “campaign for a radical restructuring of global monetary relationships”,[15] offering a perspective on economics rooted in physics—the laws of thermodynamics, in particular—and was “roundly dismissed as a crank”.[15] While most of his proposals – “to abandon thegold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort” – are now conventional practice, his critique of fractional-reserve banking still “remains outside the bounds of conventional wisdom”.[15] Soddy wrote that financial debts grew exponentially at compound interest..
Quote Frederick Soddy, “

It was recognized in Athens and Sparta ten centuries before the birth of Christ that one
of the most vital prerogatives of the State was the sole right to issue money. How curious that
the unique quality of this prerogative is only now being re-discovered. The” money-power ” which
has been able to overshadow ostensibly responsible government, is not the power of the merely ultrarich, but is nothing more nor less than a new technique designed to create and destroy money
by adding and withdrawing figures in bank ledgers, without the slightest concern for the interests of
the community or the real role that money ought to perform therein.
The more profound students of money and, more recently, a very few historians have realized
the enormous significance of this money power or technique, and its key position in shaping the
course of world events through the ages. In this book the mode of approach and the philosophy
of money is expounded in the light of a group of new doctrines, to which the name ergosophy is
collectively given, which regard economics, sociology, and history with the eye of the engineer
rather than with that of the humanist. It is concerned less with the details of particular schemes
of monetary reform that have been advocated than with the general principles to which, in the
author’s opinion, every monetary system must at long last conform, if it is to fulfil its proper role
as the distributive mechanism of society. To allow it to become a source of revenue to private issuers is to create, first, a secret and illicit arm of the government and, last, a rival power strong enough ultimately to overthrow all other forms of government.” (Preface)
 Based upon an opinion by “Justaluckyfool” of the concepts of Noble Laureate  Frederick Soddy, “The Role Of Money” (1926,1933)

Comments by Justaluckyfool ( http://bit.ly/MlQWNs )
( “You are always welcome to share, copy, plagiarize, improve, etc..any comments.Use them as your own.)
Read and challenge:
Frederick Soddy writings, namely “The Role Of Money”
(Entire book as a free download…) http://archive.org/details/roleofmoney032861mbp
ANY “QE” PLAN COULD BE USED AS A “PEOPLE’S ” QE”  PLAN.
Increase…. net wages,
Increase.. Jobs,
Decrease.. Federal Debt,
Decrease… Poverty
Decrease .. Inequality.
ALL AT THE SAME TIME:
” QE4JOBS”-a plan to create millions of jobs that will pay for themselves while decreasing federal debt, poverty,  as well as the income gap….or stated another way, “How does this capitalistic government create an INCOME stream over and above its budget, while decreasing its present debt, while  having complete control over the quality and quantity of its currency?
“QE 4 JOBS”
Have the American financial system rush to the rescue with a generous and flexible legal funding that no other country could match.
Not a bailout.
Not a cost to all the taxpayers.
Not an increase in deficit spending.
Rather a magic economic proven golden bullet, (Bernanke should get Noble for this).
QE!
A simple change in direction of doing something for the common bettering of all the people. Especially those in need now.
The FEDS did in fact QE for the Private For Profit Banks.
The FEDS made direct purchase of bank assets.
Why not have the FEDS do for the States exactly that-purchase from each state $20 billion of State improvement bonds w/ terms of 2% for 36 years.
Thereby creating 3-5 million jobs while at the same time producing an income stream (tax revenue)or a banks call Net Interest Income, (money that by law is to be turned over to Congress for appropriations).
***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha[Gautama Siddharta] (563 – 483 BC),

Comments by Justaluckyfool ( http://bit.ly/MlQWNs ) (justaluckyfool@aol.com, please due examination and analysis.)

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