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"--The borrower is the servant to the lender." Proverbs
22:7
There is
no need for the government
to borrow more money to be
able to make payments on old debt.
The US Treasury
does not need to borrow from the Federal Reserve. The US government
does not need to
"serve" the Federal Reserve.
The US Treasury
can be authorized by Congress to print US Treasury notes (money)
directly, like they used to do, and stop issuing Federal Reserve Notes.
In fact,
all of the US debt can be retired entirely,
all of it could be paid back immediately, merely by issuing new US Treasury notes
(money, bills, dollars).
Oh, this was just suggested today, as I was writing this:
3 ways Obama could bypass Congress
By Jack M. Balkin, Special
to CNN
July 28, 2011 10:48 a.m. EDT:
http://www.cnn.com/2011/OPINION/07/28/balkin.obama.options/index.html?hpt=hp_c1
" A little-known
statute gives the secretary of the Treasury the authority to issue platinum
coins in any denomination.
So some commentators have
suggested that the Treasury create two $1 trillion coins, deposit them in its account
in the Federal Reserve and write
checks on the proceeds."
Or, as I note, 14 of them!
The sun
would not stand still,
buildings would not collapse into
their footprints, life would go on, inflation would
continue, default would be
averted, and the $14 trillion or so of total US government debt could be
gone. GONE!
And the debt
should be gone.
A government
is instantly subverted and overthrown the
instant it goes into debt. Why?
Because a government
in debt serves the lender,
rather than serving the people.
A government
in debt has a conflict of
interest!
Anyone loaning
money to the government should
actually be guilty of treason, for having successfully overthrown and subverted the
national interest of serving
the people, first.
I sincerely
believe that a debt cap is not what the nation needs, although I believe it would be
better than raising the debt ceiling as they always do.
The nation needs
a spending cap, and much
more, it needs dramatic spending reductions.
Every bit of money that
the US spends is not only wasted, but actually harms the economy in multiple ways far
more insidiously than most writers recognize and can articulate.
This morning
a democrat in the house on C-Span
was saying that the government needs to "invest" in schools, health care,
infrastructure, and jobs, rather than "cut, cap, and
balance".
All of that
would be a mistake.
Government money spent
on schools is worse than if
the government spent nothing at all. Government teachers have an inherent conflict of interest; they will rarely teach
against the concept of government,
like the Bible does, because they get their pay
from the government.
Government schools are propaganda for more government.
That's bad. Government schools are a monopoly of government schools, which mean there are little to no real incentives to
teach students any better. So, the kids get less knowledge,
or inaccurate knowledge,
if any at all. Both are bad.
The solution would be a government
that prosecuted any other governmental
entity, Federal, State, County, or City, that spent any money at all on education, banning it in the nature of violating the "establishment of religion (of government)" clause of the first amendment!
The solution is free market
based educational
solutions; teachers that earn their money directly from the parents who will naturally
choose the best for their
children.
The democrat
said Government should "invest" money
in health care? Even
worse than nothing at all! The problem today is the government granted monopoly on health care supporting the druggers and cutters, while making illegal herbal solutions, or making illegal natural whole foods like
unpasteurized unhomogenized
whole milk or health claims for walnuts.
The solution is ending
all funding for the FDA, and opening
up the "modern medical monopoly" to real free market
competition from people who offer real healing solutions.
The democrat
said government should "invest" in
jobs created by government
spending on more schools or hospitals? Even worse than
nothing spent at all. All such jobs would be temporary,
another artificial boom,
and lead to misallocations of wealth,
taken from people who actually created wealth from real jobs, and given to
over bloated projects that only make
the nation worse off. The solution is to let those people who produce the jobs, keep the money, so they can expand
their businesses, which is the only way
that real jobs are ever actually created!
The claims that
the nation needs to raise
the debt ceiling, or else "the roof will fall in" and other such calamities is totally false. The debt is a joke.
The debt is nothing, and can be paid off tomorrow
with fresh money freshly printed. After all, it's not like we are on a gold standard here. (Hint, buy gold, or better yet, silver!)
The real problem
is the out of control government
spending. Anything that can reduce
government spending will be a boon
to the real economy.
Tea Party republicans
need to hold strong, and vote against any debt increase.
Jason Hommel
Silver Stock
Report
I strongly advise you
to take possession of real gold and silver, at anywhere near
today's price, while you still can. The fundamentals
indicate rising prices for decades to come.
Follow me on facebook I have 3500 friends, and I hear there is a limit
of 5000!
http://www.facebook.com/jason.hommel
Or Youtube!
http://www.youtube.com/user/bibleprophesy
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Minimum order $5000, USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank
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www.jhmint.com
(530) 273-8175
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kerri.jhmint@yahoo.com
(530) 273-8822
If we can't fill your
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mom@momssilvershop.com
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