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Unilaterally eliminate the national debt of the USA tomorrow via the creation of ~17T in platinum currency.

Created by M.L. on November 07, 2011

For too long the currency of the United States of America has essentially been debt.

Nearly all governmental savings/pensions/etc are denominated in TBills and the amount of these bills outstanding has grown so large that it now costs us more than $200B a year to service this debt--by many estimates it could cost us as much as $500B/yr in debt service by 2015.

Between 1933 and 1934 during the height of the Great Depression one of the most effective strategies that FDR pursued was a repeg of the Dollar from ~$20/oz to $35/oz. This essentially had the effect of reducing the debt burdens of everyone by about 1/2.

Today you could do roughly the same thing while simultaneously eliminating the national debt and its cost of service by simply paying the whole thing off tomorrow.

Please do.

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