Arthur Schopenhauer Quote

I would be honored to answer your question, Fred.  While paying off the debt is a worthy intention, it would be fiscally and physically impossible to do so as the money supply itself is 'loaned' into existence.  Those dollar bills being printed are IOU's, not money.  SO you can't pay off IOU's with more IOU's... you are merely transferring the debt (which is the current system by design).

A central bank that prints money out of nothing and loans it into circulation is a foundational pillar of communism and by extension socialism.  It is completely unconstitutional, and executed under a perpetual state of emergency in the US since 1934 when all the REAL money (not debt) was confiscated by the private Federal Reserve banks as collateral for the Federal Reserve Notes to be used in lieu of cash (gold/silver). 

In truth, the US government was bankrupted and put into receivership with the Fed.  The US could have simply defaulted on its debt and started over (it was only a few million dollars back then).  Instead the debt has been put onto the People forever and exponentially so.  

It is lip service only to say that you want to pay off the debt but borrow 5 trillion dollars for entitlement programs.

Very simply, socialism absolutely requires a central bank that can create money out of nothing and require all to use it.  Gold has literally been made illegal to use as money.  

And a republican form of government absolutely may not.

Every single dollar in your, my, and Bill Gates' pockets has been borrowed into circulation, and someone, somewhere is paying interest on these notes.  We are all using debt instruments as currency — guaranteeing perpetual debt forever.  This is not capitalism, it IS socialism (whether communistic or fascistic).

So the Socialist's desire to pay off the debt is lip service only.  If the debt were to be paid, it would take all the money in the world, and we would still owe more — and there would be NO MONEY for anyone, except the central banks which already lay claim to EVERYTHING anyway.

Socialism is based upon empty promises that can never be fulfilled — and it's not from a lack of trying.

Get rid of the funny money cartel, and the world will collapse into war.  And unless the survivors remember what brought them to such degradation, they will be enslaved again.

Fred, which do you want more, Freedom or Institutionalism?

Fred, I don't think YOU understand — all the money in circulation is borrowed.  If you have a dollar in your pocket, you are holding an IOU for a dollar.  Exchanging real labor and capital for debt-bearing script is the enslavement of the people.  With a fiat money system, all you can ever do is pass the debt obligation to someone else.

So all those 31 trillion dollars that the US has 'borrowed' are being used as the nation's currency in the form of US dollars.  When debts are repaid, the dollars are un-minted — i.e. destroyed, eliminated, erased, no more.  With this system, money is created when it is borrowed (i.e. credit) and is destroyed when the principal is paid back.  However, not enough money is created to pay the interest, so that needs to be borrowed, too, at interest.  And that interest cannot be paid unless more money is borrowed and on and on ...

THAT is the insanity of which you speak.  And socialism cannot ever work without this system — it is its very foundation.

All we really need is a currency that cannot be manipulated to conduct business.  Gold and silver are the only lawful money, and issuing credit is in fact the right to contract, and we do not need government or banks to issue our own credit — that's what our signature means on a mortgage — you are issuing a promise to pay, certified by the bank.  Your promise creates the money, and fulfilling your promise tears up the note.

Everybody is trying to get in on the racket now that the cat is out of the bag.  Credit cards, crypto, NFTs, phone cards, Apple cards, digital currency.  All nothing but promises to pay.  As long as those making the promises keep them, all will be well.  Credit should be earned by those that keep their promises.

The money supply IS the national debt — that's how this system works.  We rent our money supply from the banks that create it out of nothing more than our promise to pay it back with interest, even if we have to keep borrowing more forever.

I assume the mentally ill of which you speak are the people that have allowed this system to enslave them.  We have been duped.  Is that clearer now?

Trust in the human spirit is a sovereign arrangement; anything else is a mental illness' illusion and lie. Socialism as you describe it, is the theocratic enslavement which can be said, is: - the defecation that has / is / will hit the fan. The essence of humanity / the spirit of the noble being exists with inalienable rights in liberty at nature's law — socialism is a demonic despotism describing a most heinous antithesis to such. Through history's MANY applications of socialism, it has been proven over and over again that your religious perception is contradictory to reality, truth and life's actuality.

An enlightened people can only find the Federal Reserve fiscally contrary to law and abolish it BECAUSE, as it was set up and implemented, it is impossible to pay back — no matter the good intentions or intent.

Sillik, here is a thought to consider. Where did the Federal Reserve get the specie of value (called dollars) to loan out (represented by physical bills {notes representing debt}, electronic representations or other ledger sheet legal fictions)? The worthless specie of debt once represented a medium of exchange with value (gold and silver coin — such require(d) labor; i.e., mining, refining, minting, transportation, etc.). Then, your god (government), under threat, duress and other despotic weaponization of compulsion changed the mind set of individuals so as to accept NON-substantive notes instead of money. Any amount of FRNs that are now existing as debt and owing is a lie — EVERY FRN (dollar) in circulation (recognized or otherwise) is due and owning.

Sillik, a question for you. How is the NON-substantive FRN (created out of nothing) worth the same that the Parties of society (sentient beings, legal persons, etc. — producers and non-producers) have worked for, slaved for and created services and products with? The pay back is extremely anti-law, un-fair, and NOT equal.