The two headed monster of the Fed and the deficit

[Dennis Lyda]

We all agree that the Fed has fo be dismantled and the coinage of money put back into the hands of our elected representatives. That is all well and good, but few address the 14 trillion dollar deficit that the Fed created when talking about the Fed. This can NEVER be repaid, all it does is impoverish the nation. We must repudiate this burden. These are extremely rich people and they can do without it, there's plenty more where that came from. We can no longer be held hostage by these greedy money changers, the same ones that Jesus chased out of the temple with a bull whip. We need to start fresh, rebuild the infrastructure, limit the stock market to long term investment and put the criminal bankers in trial who caused the Great Recession.

[P Andrews]

The Money Masters (www.themoneymasters.com) offers a plan to pay off our national debe with U.S. Notes issued at a fixed rate (i.e. tied to population growth) and as these are distributed they would replace Federal Reserve Notes and move us toward 100% full-reserve banking.  It also stipulates that the U.S. withdrawal from the World Bank, IMF, and BIS.  They warn against going to a gold-backed currency at this time, as today most of the gold is held by foreign entities and central banks.  It may be that once we reach a certain level of economic stability, we start moving to a currency backed by a precious metal (it doesn't have to be gold or silver for that matter).  I am surprised more people aren't talking about this or otherwise weighing the merits of the various plans to reform our monetary system.

[Dennis Lyda]

We are teetering on the brink of Armageddon, so any talk of reform or pay-back schemes is futile. The deficit can NEVER be paid...never. So the only course of action is to repudiate the debt and start fresh. just as an individual sometimes has to declare bankruptcy, so, too must a country from time to time. The elephant in the room is the military. The US can no longer be the policemen of the world. Let China start sending troops to put out political brush fires around the world if they want to. We need to regroup, prioritize and economize. We need to put people back to work, repair the crumbling infrastructure and take pride in America again.

[P Andrews]

The Money Masters (www.themoneymasters.com) plans does pay off the 14 trillion dollar deficit - that is exactly the point.   They have a video http://www.youtube.com/watch?v=JXt1cayx0hs  - essentially the last 30 minutes explain how it works.