My posts hold very important information to the People of the United States... I know how to pay off the National Debt... I'm here to inform you how it can be done by means of Article 1, Section 8 of the United States Constitution... Congress has the Power to Coin Money and "Regulate" the Value thereof...
The key words are "Coin Money and Regulate the Value" thereof...
Do you have any idea how powerful those words are...???
We up the value of our Coinage by 100 times, then use the increased value to (Buy Back) or (Redeem) all the Federal Reserve Notes for 1 cent per each dollar note... A hundred cents or one New Dollar backed by Coinage can buy back 100, one dollar Federal Reserve Notes... A New Hundred Dollar Bill backed by Coinage, can redeem 10,000 old dollar notes to be turned over to the Federal Reserve as Payment of Debt, plus interest...
I'm the only one telling this to people... I think everyone who understands how important this information is, should write to their Congress Men or Women and let them know there's a way to pay off the National Debt and still have a workable Medium of Exchange...
I feel like a broken record, typing the same words over and over again... Very few people notice my Posts... So, if you can help get the word out, you don't have to restreem my post... Feel free to write your own post on the subject of Pocket Change...
@pocketechange
The Federal Reserve Controls the "Value" of the Dollar now. What you are talking about is devaluation which will have a equal and oppsite effect on the price of goods and services in the US. Basically you're advocating Massive Inflation and we all see how that worked in Venezuela and Germany Before Hitler. What Hitler did was replace the Duetchmark with the Reichmark instead and tied it to Labor Production.
If the Federal Reserve controls the Value of the Dollar, why do they only have the buying power of 1 cent now...??? The Debt Notes are owned by the Federal Reserve... We only get to use them so long as we pay interest on their use...
You read my words wrong... The penny that buys the old dollars will have equal value with the old dollars... You turn in an old dollar and you get a penny back... The spending power of the old dollar will transfer to our Common Coinage... No body loses any buying power at all... What we'll be doing is getting rid of the Federal Reserve Banksters once and for all...
@pocketechange
I wasn't sure what you meant by old dollar vs new dollar; that's why I also included the snippet about the Deutschmark vs the Reichmark and it worked. It Ended the previous levels of massive inflation and was pegged to actual German labor; this was a Nazi idea outside of the current debt market at the time and wasn't tradable outside of Germany.
start using Bitcoin. The New Dollar.
Thanks for replying again... We'll still be able to conduct trade... Our money will have more value then before the coming Collapse... The U.S. will prosper like we haven't seen in our lifetimes...
Hypothetically speaking It's new money so let's assume we are able to pay off the entire debt with One New Dollar ( the amount doesn't matter) and let's say that by some chance china decided to accept it as Payment for all of our debt to them ( Hypothetically 1 Trillion Old Dollars); then they would be entitled to use it to buy everything that the old Trillion Dollars would have bought, like 1000 Airplanes that cost 1 billion old dollars each are now only worth $0.001 new dollars for each airplane.
That's called currency manipulation and devaluation inflating out of debt. IMHO.
Or you create a separate currency like Cuba did. One for domestic goods and a separate one for international trading.
We're not going "de-value," we're going to "re-value"... Some might call it a RESET... China will still have the exact same spending and buying power after the revaluation... China accepts our Debt Notes now... Why wouldn't they accept our Debt Free Notes, backed by Coinage...??? With my Theory, we won't have to default on the debt... The debt will be paid in full...
@pocketechange
I'm missing something here or you're not completely explaining it to me so let me ask you to provide an example of how it would be reset value to value and how would they still have the same buying power using an example; if you'd be so kind..... I'd like to understand how this works that you are trying to describe.
Well congress lets the Federal Reserve control the value of the dollar and that value isn't simply decreed.
The value of the currency depends, in large part, upon how much money there is in the money supply.
So yes the Federal Reserve could take action to quickly decrease the amount of US $ in the system. This is called Deflation and has very specific and severe consequences.
I think controlled deflation would be a good thing for this bloated economy but it couldn't pay back the national debt the way you imagine.
Governments have done the exact opposite before. They say, "Oh we owe $25,000,000.00? I'll just print it up and hand it over. Debt re-paid."
But that has severe consequences too.
You mentioned governments doing the exact opposite... But you're missing my point... I'm getting tired of explaining my Pocket Change Theory... You're going to have to research my prior posts... If you feel very strongly on what you wrote above, you should probably head straight to your Bank and turn in all your Pocket Change for Debt Notes...
@pocketechange
Well how exactly would congress increase the value of the US $?
Congress has the Power to Coin Money and Regulate the Value thereof...
With that kind of Power along with my Pocket Change Theory, we have it made...
@pocketechange
Yes you mentioned that again while ignoring my question. How exactly will the value be regulated?
I'm starting to wonder if you read my Post...
Article 1, Section 8 of the United States Constitution the
Power" to "Coin" "Money" and "Regulate" the "Value" thereof..
lol... I see I just answered you the same exact way... The Penny will increase to a dollars buying power, making it equal with the paper debt notes... All the Change will increase 100 fold in buying power... We regulate the value of our Coined Money, not the Paper Debt Notes... I hope that answered your question...
@pocketechange
I agree with you bro keep up your good work im sory steemit ponzi isnt paying out much but i love the fact your trying and you have great ideas. If you would like to band together look me up send me a message via here or my webpage.
With me, it is but it isn't about the money... Knowing I played a part in "Freeing the Debt Slaves" will be my reward... I'd love to see the National Debt paid if full as per Congress and my Pocket Change Theory...
@pocketechange