The international financial cartel (IFC) could drain a dark swamp of global excess reserves through issuing counterfeit promissory notes (CPN). The most difficult obsticle with counterfeiting involves convincing the taxpaying majority (TTM) to accept CPN in exchange for real estate, oil and debt.
CPN 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 the viability of a CPN. CPN would only be redeemable with other CPN.
Eventually an exponentially expanding supply of CPN would lead to hyperinflation. TTM would end up holding a debt payable in worthless CPN. Worthless CPN will force creditors to take a serious haircut, 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. CPN 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 CPN.
How many $100 notes can government’s printing press produce every 24 hours? Base on this number TTM can determined how long it would take to print a trillion dollar. If the CPN is base on full faith and credit of government TTM could pay off the national debt in X amount of time.
By the time creditors no longer have faith or confidence in the carry trade government’s CPN the national debt would have be paid in full with worthless paper.
Monday, March 15, 2010
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