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Elimination of National Debt & Federal Reserve

Created by D.A. on January 20, 2013

Elimination of National Debt

I. Government at all levels (National, State, Municipal) must be prohibited from borrowing at interest. The US Treasury Dept. may issue new currency (US Notes); but, must not issue interest bearing debt.

II. Under no circumstance is the currency supply to be allowed to expand by loan of currency that does not exist. Reserve requirements for all loans are to be raised and maintained at 100%. Specifically, "Federal Reserve Notes" issued by the private banking cartel known as the Federal Reserve must be removed from circulation and replaced with "US Notes" issued by US Treasury Dept.

If United States Government does not incur any new debt and all existing debts are retired when due, then soon there will be no more "National Debt".

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