But the Fed is the only institution that can monetize the debt. If Japan gives us FRNs for Treasuries it's coming out of their foreign reserves. The Fed types in a few digits and then there's magically enough FRNs to buy treasuries. They use this power of fiat to engineer every recession and pick who wins on the other side.
>Treasury could issue fiat value coin to FED and >all other US treasury debtors to pay fiat debt >and therefore cancel all fiat US debt.
Why be even that radical? Treasuries issued to the NCUA would not need to draw interest for the member Credit Unions. The lending rate between the CUs would always be effectively zero. But since the Fed is obligated by law to accept the Credit Unions Treasuries as collateral for FRNs you don't have to make a new currency and blow everything up. Right now the Fed returns most of the interest we pay on Treasuries they hold, minus significant fees which the Fed shareholders (the Big 4 banks) don't even pay taxes on! It's right there in the Federal Reserve Act! Take that cost away and factor in the non profit status of credit unions and you have a great lending environment for small business and consumers. If anything the stock market should roar as the bankster parasite is cut out of our economy. The Fed would still exist in a regulatory sense, but it's ability to manipulate the business cycle would be eliminated. Open to be corrected by a real economist anon.
I'd your saying the Company killed Osama Bin Laden, I hope you're not inferring it was on the SEAL team raid. OBL been dead for some time. The guy in the videos who admitted to masterminding 9/11 looks NOTHING like the real Bin Laden. He's wearing a watch, he's heavier and darker skinned. It's worse than Jorge Campos 2.0, Ellen version. CIA was lazy pre HDTV. Bin Laden likely died in his Torah Bora stronghold around 2001. His health was shit and living in caves attached to a dialysis machine ain't easy.