This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

introduce a law proposal in the U.S. Congress that permits eliminate the actual public debt system

Created by F.S. on September 30, 2013

The debt of the United States is unpayable and the current public debt system can not sustain a stable and healthy development of a nation. The German economic engineer, Friedrich Siegel, investigated the causes and consequences of public borrowing and reached the following conclusiones:

a) It is necessary to transform public debt into social investment, backed by tax revenues and the Law (of work).

b) To ensure the political stability of the state must be guaranteed by 3 pillars:
1. Confidence 2. Security and, 3. Systemic controls.

c) Without technological innovation (ICT) is not feasible to neutralize cyclical crises.

Economy & Jobs
Return to top