To create all money as debt is the antithesis of the Freedom God, the spirit of America and the American Constitution intended. It is bondage, destructive and deficient. When interest bearing debt is used for money, there will be debt, lots of it as the non-money debt is always greater than the money supply and growing with time as all money is debt but not all debt is money. ‘CUTS’ and ‘EFFICIENCIES’ are not the way out.
The total American Public and private debt near $100 Trillion includes the Total M-2 money supply of near $20 trillion. The difference of $80 trillion is not money. It’s only a debt expected to be paid in money. It grows with time. The money supply only grows with more borrowing; more debt slavery in the Land of the Free. Money is extinguished when loan principal is repaid. Spending the $20 Trillion of debt money on the debt would extinguish the entire money supply and leave $80 trillion in debt growing with time.
Quotes from letters to me from the U.S. Treasury: “Money for paying interest on borrowed money comes from the same source all other money comes from.” The interest is borrowed too. “Money that one borrower uses to pay interest on a loan has been created somewhere else in the economy by another loan.” From the Congressional Research Service, “Money is created when loans are issued and debts incurred. Money is extinguished when loans are repaid.
The non-money cost of money, interest, is added to the costs of production and therefore to the costs-of-living. This creates a constant rise in the costs of living and a growing ‘spread’ between the money supply and prices resulting in a loss of purchasing power in the medium of exchange and growing difficulty making ends meet for all segments of society including the U.S. Government which has the Congressional authority to create money. That Congressional authority was one intended to create money as a wealth not as a debt so to preserve, protect and defend Liberty.
Once, the American government did do its duty by monetizing the peoples’ production as a wealth to the people; money that was free of debt, free from obligation to perform for anyone and was in the Spirit of Liberty and Justice for all, the American Intent. The medium of exchange represented our labor, raw resources, ownership and the wealth of our garden, our nation. The wealth money supply only increased with productivity gains. Government could not create money until the people did production first; production that everyone needed, used and that the public benefitted from mutually so as to promote the general Welfare resulting in a debt free medium of exchange. We could do commerce without having to be in debt.
Over 141 years, from 1792 to 1933, special interests lobbied to get Congress to pass bad laws in 1853, 1863, 1873, 1913 and 1933 which resulted in Congress finally relinquishing its authority to create money to private interests in violation of the Non-Delegation Doctrine. These actions switched our money from a debt free evidence of our production, liberty and OWNERSHIP to an evidence of debt, our bondage and what we OWE. America does not have a ‘spending’ problem. It has a ‘borrowing’ problem. We are in debt bondage. We fought a Revolutionary war to prevent being forced into debt to pay the Stamp Tax of 1765. Yet, here we are, forced to borrow and forced into debt No debt. No money.
America cannot be made great again unless it is Free again. Freedom made America great. Debt bondage has not, and cannot. We could stop all spending, but the debt would continue to grow. We could spend the entire $20 Trillion money supply towards the debt. That would leave us with no money and $80 Trillion in debt growing with time. As long as debt is all there is; ‘cuts’ and ‘efficiencies’ won’t fix: the root of the problem, bondage to unpayable debt and a bookkeeping system designed by people that records money as debt not wealth; people who, contrary to historical fact, believe there must be debt for money to exist.
America cannot ‘efficiency’ nor ‘cut’ its way out of its debt path to destruction. America must restore the PRINCIPLE of a debt free medium of exchange like America attempted to start with. We must transition from the creation of all money by private interests as unpayable interest-bearing debt, to all money created by the public U.S. Treasury, as a debt free representation of production done that everyone needs, uses and benefits from mutually, our Liberty, OWNERSHIP and the wealth of our Nation.
Find drafts of this legislative idea at these two links:
https://www.debtfreemoney.org/american-transportation-act
https://www.debtfreemoney.org/wp-content/uploads/2025/01/FINSTA_089_xml.pdf
Debt and its forced bondage have made us forget and deny our country, our Constitution and God’s intent that we be Free.
Help restore Liberty, Justice and Prosperity through the PRINCIPLE of a debt free medium of exchange.
Thank You for Your Service.
