Debased Promissory Notes

The international financial cartel (IFC) could drain a dark swamp of global excess reserves through issuing debased promissory notes (DPN). The most difficult obsticle concerning debauchary involves convincing the taxpaying majority (TTM) into accepting DPN in exchange for real estate, oil and debt.

DPN would have to be accepted as a means of exchange based on the full faith and credit of a currency carry trade government. Credit rating agencies, central banks and brokerage houses would confirm reliability and viability of each DPN. DPN would only be redeemable with other DPN.

Eventually an exponentially expanding supply of DPN would lead to hyperinflation. TTM would end up holding a debt payable in worthless DPN. Worthless DPN will force creditors to take serious haircuts, break TTM and impoverish unborn generations.

Unborn generations are currently receiving a delayed tax on interest and money borrowed by today’s deficit spending government. DPN would reduce the purchasing ability of TTM pertaining to goods and services. Incremental but steady increases in the price of food, gas and water will take place due to expending supplies of DPN.

How many $100 notes can government’s printing press produce within 24 hours? Base on this number TTM can determined how long it would take to print a trillion dollar. If the DPN is base on full faith and credit of government TTM could pay off the national debt in X amount of time.

The answers are government printing presses can produce a little less then $365 billion per year. It would take the US government over fifty years to print enough $100 bills to pay off the current national debt. This does not include a potential $1.5 Quadrillion unregulated derivatives market.

By the time creditors no longer have faith or confidence in the carry trade government’s DPN the national debt would have been paid in full with hyper inflated worthless paper.