--Credit goes to this poster on the Daily Paul website named Harry Dingey--
-he states at the end that he is ok with others posting if the idea is a likable one, so I'm asking ATS to give it a quick run down and see if it will or won't work, I unfortunately don't know enough to say either way...

Enjoy..



How would you like to totally pay off the National Debt without costing the American People one penny?

THIS IS VERY, VERY SIMPLE and EASY !!!

REMEMBER ONE THING; KEEP YOUR EYE ON THE MONEY SUPPLY.

If the money supply goes up you create INFLATION and prices goes up.
If the money supply goes down you create DEFLATION and prices goes down.
If the money supply remains CONSTANT. Prices tend to trend lower.

1) First we must change to “100% reserve banking system” right now:

2) Abolish the Federal Reserve.

3) We must take “fractional reserve banking system” away from the banks. This allows banks to print 10 times the amount of every dollar on deposit (When we do this they call it counterfeiting) and increases bank profits by tenfold.

This also increases the Money Supply by a factor of tenfold for every new dollar being borrowed and printed by the Treasury Department.

4) This year the Federal Government will borrow and print $1.4 Trillion Dollars.

Eventually this money ends up deposited in a bank. The Banks just like a magician are allowed to take that $1.4 Trillion Dollars and turn it into $14 Trillion Dollars in loans or anything they want and in doing so they also Increase the Money Supply by total of $14 Trillion Dollars.

Wait a minute!!! Ain’t that the same amount we need to pay off the entire Federal National Debt?

We should take “Fractional Reserve Banking System” (this should be called CONTERFITING ) away from the banks and force them to use “100 % Reserve Banking System”.

Then tell the Treasury Department to print up $14 Trillion Dollars of non-interest bearing Treasury notes (dollars) and buy back all the Interest bearing Bonds (Our Total National Debt).

This will not increase the Money Supply by even one penny because we will destroy all the interest bearing Bonds we just purchased. Eventually this newly printed money ends up deposited in the Bank.

WOW.. we just paid off the entire $14 trillion dollar National Debt by printing non-bearing interest Treasury notes (dollars) and does not cost the American people one penny.

No more annual interest payments on the National Debt.

Every time I go through this thing I come up with other benefits:

Some National Debt Facts:
• Social Security is $2.6 trillion in the black (IOU’s).
• Social Security in 2010 it ran a $68 billion surplus.
• Only $1.2 trillion is owed to China.
• $10 trillion is owed to American people.

When we pay-off the National Debt as I have suggested we automatically create a Positive Social Security Trust Fund of $2.6 trillion dollars that I suggest we should separate this Trust Fund from the General Account.

Presently we are paying about $400 Billion Dollars every year interest on the National Debt.

But, if interest rates starts going up because of Hyper-Inflation and that’s exactly what the Price of Gold is telling us right now. This interest we are paying on the National Debt could easily grow to an amount larger than the total Federal Gross Income tax receipts.

This is a very Powerful Monetary Tool and this gives you an idea of how the banks has been given this sweetheart deal by Congress back in 1913 which has allowed the Banks to literally rob the American people out of trillions of dollars.

This explains how the Rothschild Banking Family has amassed between $25 to $100 Trillions of Dollars of wealth. Who knows maybe ever more? Do you honest believe that anyone could make that much money without some type of Bogus Ponzi scheme?

This will force all the American Banks to go back to a Fair Banking System of “one hundred percent reserve banking system”.

So, if you understand what I am saying and you want to do something to draw attention to this article. Click on “Like”.

Harry Dingey
Please copy and post if you like this idea.
SO MOTE IT BE..

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Thoughts?

-LL