posted on Dec, 3 2011 @ 05:33 AM
reply to post by korathin
Well, what could be done about Federal Reserve note debt's is take advantage of currency value. Keep all debt under Reserve notes as if it is a debt
owed in a foreign currency. The new American Currency would very quickly have a much higher value then the older Reserve notes. It would enable the
switchover to happen with support from the financial sector(in many ways it would be a debt settlement) and enable domestic debt to be paid off rather
Countries holding Reserve Corporation bonds(or bonds valued in Reserve Corporation notes) could just as easily receive similar treatment. They would
take a hit, but it is a good trade off. As they are replacing a junk currency for a more stable one issued by the USA itself. Instead of holding risky
bonds that use a private, corporate issued currency.
And in theory, it would enable America to pay off it's debt. Combined with cost of living reduction methods, it is possible to stave off a financial
I realized upon more in depth evaluation, doing a Reserve note debt= total junk, bad idea. As it would destroy the credit market(which may or may not
be a good thing).
edit on 3-12-2011 by korathin because: (no reason given)
edit on 3-12-2011 by korathin because: (no reason