Banking and Debt

I seek to audit the Federal Reserve system, and then to end the Federal Reserve system.  I support, as President Kennedy did before his assassination, returning the power to print currency to the United States Treasury, to cancel and any all interest owned to the banks, and to return all assets taken from the American people by the bank to the United States Treasury.

The return of the United States Dollar, interchangeable for Federal Reserve Notes on a 1:1 basis, will also require us to address the trillions of dollars we owe in sovereign debt to other nations.  We will work to negotiate away these debts in exchange for concessions in removing our military forces and in refusing to serve as the military force sustaining the OPEC cartel which has artificially inflated energy prices worldwide since Nixon took America off the gold standard.

For those who do not understand the jargon, successive American administrations made a series of decisions that essentially rendered fiat money value but a fraction of what it once was worth.  Put differently, things don’t cost more, your dollars simply buy less.  The Federal Reserve, through decades of policy of quantitative easing, or inflation, just kept printing money to sustain artificial economic growth, and this policy of infinite consumption which is financially impossible, ecologically suicidal, and morally corrupt must end.  But this will be a difficult, if necessary, transition.

Such actions, in concert with reduced military outlays in foreign spending and with a balanced budget each year, will allow us to aggressively tackle the debt which is racing well upwards of twenty trillion dollars, and above seventy trillion dollars when the unfunded liabilities of future social welfare programs are considered.  Tariffs will be used to also help offset these expenses.

Failure to act now will result in default and an economic collapse.  Americans, habituated to a life far removed from self-sufficiency, would not survive another incident like the Great Depression of 1929, so we must act aggressively and proactively towards creating a sound dollar and restoring ourselves as a creditor nation rather than a debtor.

We need to move away from an economy so heavily rooted in interest and speculation to one with sound fundamentals of actual produced goods and services, and this is as true for the public sector as the private sector, with future thinking to ask the important question of how we shift away from debt driven obligations to a more productive future.