How to Pay Off the National Debt…

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HERE IS WHAT WASHINGTON DON’T WANT YOU TO KNOW !!!!!!

By Harry Dingey • 2 years ago

How would you like to totally pay off the National Debt without costing the American People one penny?

How would you like to Abolish the Internal Revenue Service?

THIS IS VERY, VERY SIMPLE and EASY !!!

REMEMBER ONE THING; KEEP YOUR EYE ON THE MONEY SUPPLY.

If the money supply goes up you create INFLATION and prices goes up.

If the money supply goes down you create DEFLATION and prices goes down.

If the money supply remains CONSTANT. Prices tend to trend lower.

1) First we Abolish the Federal Reserve established in 1913..

2) Then we Abolish the Internal Revenue Service established in 1913 along with the Federal Reserve, which serves as the collection arm of the Federal Reserve to pay itself Annual Interest for money we borrowed from ourself.

3) Then We take “fractional reserve banking system” away from all banks and go back to “100% reserve banking system”.

4) Presently the Federal Reserve allows all banks to legally print $10 new Dollars for every dollar they hold on deposit (this is really counterfeiting). This increases bank profits and the Money Supply by a factor of tenfold for every new dollar printed by the Treasury Department and also causes Inflation.

5) This year the Federal Government will borrow and print $1.5 Trillion Dollars.

Eventually this money ends up deposited in a bank. The Banks just like a magician are allowed to take that $1.5 Trillion Dollars and turn it into $15 Trillion Dollars, this will Increase the Money Supply by total of $15 Trillion Dollars.

Wait a minute!!! Ain’t that the same amount we need to pay off the entire Federal National Debt?

We must take “Fractional Reserve Banking System” (this should be called CONTERFITING ) away from the banks and force them to use “100 % Reserve Banking System”.

Then tell the Treasury Department to print up $15 Trillion Dollars of non-interest bearing Treasury notes (dollars) and buy back all the Interest bearing Bonds (Our Total National Debt).

This will not increase the Money Supply by even one penny because we will destroy all the interest bearing Bonds we just purchased.

WOW.. we just paid off the entire $15 trillion dollar National Debt by printing non-bearing interest Treasury notes (dollars) and did not cost the American people one penny.

We totally eliminated the National Debt, eliminated annual interest payments on the National Debt, eliminated paying Federal Income Taxes and created a positive surplus of $2.6 Trillion dollar in the Social Security trust fund,

Every time I go through the calculations I think of other benefits.

Some National Debt Facts:

• Social Security trust fund is $2.6 trillion in the black (IOU’s).
• Social Security trust fund in 2010 ran a $68 billion surplus.
• Only $1.2 trillion is owed to China.
• $10 trillion is owed to American people.

When we pay-off the National Debt as I have suggested we automatically create a Positive Social Security Trust Fund of $2.6 trillion dollars that I suggest we separate this Trust Fund from the General Account.

Presently we are paying about $400 Billion Dollars every year interest on the National Debt (money we borrowed from ourself). But, if interest rates starts going up because of Hyper-Inflation and that’s exactly what the Price of Gold is telling us right now. This interest we are paying on the National Debt could easily grow to an amount larger than the total Federal Gross Income tax receipts.

This is a very Powerful Monetary Tool and this gives you an idea of how the banks has been given this sweetheart deal by Congress back in 1913 which has allowed the Banks to literally rob the American people out of trillions of dollars. The Federal Reserve has already screwed the American People out of $150 Trillion Dollars since its inception.

This will force all the American Banks to go back to a Fair Banking System of “one hundred percent reserve banking system”.

What happens if we do NOTHING?

The alternative is to let the Federal Reserve continue screwing the American people out of TRILLIONS of DOLLARS year after year?

Do you understand what is going to happen when the Feds are forced to start increasing the interest rates to stop the coming Hyper-Inflation?

Back in the 1980s Federal Reserve chairman Paul Volcker was forced to increase Interest rates because of run-away inflation and the Interest rates jump to around 20%. If that was to happen now we could easily see the Annual Interest Charged on our National Debt jump to around $2.8 Trillion Dollars a year. That my friend does not include the projected Annual Budget short fall of another $1.6 Trillion Dollars.

This is exactly why the Price of Gold has increased from $300/oz. to $1,800/oz., a six fold increase. Gold is trying to tell everyone something but no one is listening as usual?

We could end up paying more annual interest on the National Debt than the Internal Revenue Service collects in annual gross Income Tax receipts?

That is called Absolute National Bankruptcy.

The Federal Drug Administration (FDA) is just another privately owned organization setup by the Rockefeller Family to benefit all the large drug Companies and the Medical establishment. The Pharmaceutical Industry, AMA and FDA are Endangering Your Health for Profits.

Please copy and post if you like this idea.

SO MOTE IT BE..
Harry Dingey