There is no cloud so dark or an economist so despicable that some light cannot be found. I am referring to the Nobel Prize winning economist, Paul Krugman. He suggested in 2013 that the United States should somehow create a Trillion-Dollar Coin. Instead of a Trillion-Dollar Coin, a better strategy would be for the mint to just start printing Genuine United States Dollars.
The Genuine United States Dollars (GUSD’s) would look identical to Federal Reserve Notes except at the top they would no longer have the flag declaring the bill worthless paper of the Federal Reserve. The Federal Reserve Note being only backed up by the lies of corrupt and greedy banksters.
The full faith and credit of the United States, along with it’s military, would back up the Genuine United States Dollars guaranteeing that they would be as good or better than gold.
Actually how it would work is that the United States Government would pay its obligations with checks that would be redeemable for Genuine United States Dollars. They would be “cleared” by the Federal Reserve System and presented to the mint for Genuine United States Dollars at which time the mint would print up the necessary currency.
But you ask, “What about inflation?” The point is that the only difference between printing a trillion dollars of GUSD’s or printing the equivalent of Federal Reserve Notes is the fact that the Banksters get $30 to $50 billion per year (interest for ever) for the Federal Reserve Notes while the Genuine United States Dollars cost us nothing. The amount of inflation would be exactly the same. The cost to the taxpayer would be a lot less.
The Doomsday Material to be considered is the future of a people and their form of government; that they would rather trust evil greedy non-elected bankers with the management of the National Currency (and pay them $3 trillion per year in the bargain) than trust their democratically elected representatives. What sick puppies we are.
