Fuckinggay replying to own post BUT:
USTreasury issues coin money (not FED)…backed by fake value (fiat). Treasury pays treasury issues debt which is monetized by FED in digital and real bank notes, also fake value fiat.
Theory is, 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. Would fuckup markets for sure but would neutralize the FED while the Treasury issues its on US notes backed by gold or whatever. Would be greatest FUCK YOU ever to Roths and banks.
Thoughts from economist anons?