I haven't seen all the forums, so if I missed one like this, lemme know.
What's the Debt Solution gonna look like? My favorite is the nationalization of the fed, but I admit I don't really know what I'm talking about, except to say taxpayers get a partial break, if they stand up and shout, "I'm mad as hell, and I'm not gonna take it anymore!"
What am I missing?
It doesn't directly answer the debt solution, but does offer the possible answer if we follow the suggestion. From JRW's survivalblog.com
An Open Letter To President Trump: Knock a Zero Off The Dollar!
James Wesley Rawles October 9, 2018
Dear Mr. President:
I am writing to propose that congress make a formal currency revaluation of the U.S. Dollar at the end of this year that will have several positive effects:
Knock A Zero Off
My proposal is simple: Knock a zero off the Dollar.
You can accomplish this by meeting congressional leaders, and making a formal legislative proposal. This currency revaluation should be timed for the end of the calendar year. As of January 1st, 2019, it will take 10 of the currently circulating Dollars to buy one of the new Dollars. All electronically-held Dollars would be re-valued instantaneously. This would include all bank deposits. The prices of all stocks, equities, bonds and goods would be revalued as of January 1st, 2019.
The only exception to the revaluation would be for holders of circulating coinage and postage stamps with printed Dollar or fractional amounts. (They would be the beneficiaries of a 1-to-10 value windfall.) However, the holders of postage stamps marked “Forever” (which now constitute more than 95% of uncancelled stamps in circulation) would not benefit, since Forever Stamps would be revalued overnight.
A new stock of paper currency with a substantially outwardly-different appearance would have to be printed in advance, and distributed throughout the banking system and held with a firm embargo date to begin circulation on January 1st, 2019.
Then Comes The Boom
Hit the link above to finish reading the letter.
Could you be real specific in defining this phrase?
Also, you do know that JFK got whacked trying to circumvent the fed, right? He wanted the currency out of their hands and was going to introduce something similar to this. EO 11110 authorized Treasury to print silver certificates. (Creature From Jekyll Island), "The JFK Rumor" is somewhat similar. Mistake was not taking out the CB. Those guys need to be dethroned and profits given to taxpayers, not parasites. I need to re-read that book.
Is a devaluation of a ten dollar bill to equal one dollar. A new $1 would buy 3-4 gallons of gas.
Creature from Jekyll Island is a great book.
Does that stay in "old dollars" or get converted to "new dollars?"
Sounds like this idea would be inflationary. If I had goods to sell, why would I sell (give) more goods for a new dollar if it costs me to do that? I would raise all my prices to keep me from losing out on this new dollar deal, wouldn't I?
It's taken 45 years to knock a zero off the dollar.
What was 25 cents is $2.50. GAS
What was $1 is $14 SILVER
What was $40 is now $1,200 GOLD
What cost $3,000 is now $30,000. CAR
What was $50,000 is $500,000 HOUSE
What was $1 trillion is $22 trillion NATIONAL DEBT
At present rate and another 20 years we'll be knocking off another zero
And then another one
I'd comment more but the Mayor of the County of Maui has made it illegal for anyone visiting his island to post on TFMR for more than 10 minutes a day. True story.
Enjoy your Maui stay. Are you going to other islands, too? If you want a time warp back 60 or so years, go to Molokai. You can go back even further if you go to Kalaupapa where the leper colony was. If you want a great sunrise or sunset view, go to the top of Haleakala. There are some great forest walks and picnic opportunities on the way up at Hosmer's Grove. If you are really in shape, take a day trip down the Halema'uma'u trail to the crater floor, and take the guided tour into the lava tube, maybe camp over night at the campgrounds. I could go on, but this is a Debt forum, after all...Again, enjoy your stay!