To create all money as debt is the antithesis of the Freedom God and the American Constitution intended, destructive and inefficient. When interest bearing debt is used for money, all money is debt but not all debt is money. There will be debt, lots of it as the debt is always greater than the money supply and growing with time. Note the total American Public and private debt of near $100 Trillion which includes the Total M-2 of near $20 trillion. The difference of $80 trillion is not money. It’s only a debt expected to be paid in money. It grows with time. The money supply only grows with more borrowing; more debt slavery in the Land of the Free. Money is extinguished when loan principal is repaid. Spending the $20 Trillion of debt money on the debt would extinguish the entire money supply and leave $80 trillion in debt growing with time.
Quotes from letters to me from the U.S. Treasury: “Money for paying interest on borrowed money comes from the same source all other money comes from.” It’s borrowed too. “ Money that one borrower uses to pay interest on a loan has been created somewhere else in the economy by another loan.” From the Congressional Research Service, “Money is created when loans are issued and debts incurred. Money is extinguished when loans are repaid.
The non-money cost of money, interest, is added to the costs of production and therefore to the costs-of-living. This creates a constant rise in the costs of living and a growing ‘spread’ between the money supply and prices resulting in a loss of purchasing power in the medium of exchange and growing difficulty making ends meet for all segments of society including the U.S. Government which has the authority to create money; United States Congressional authority to create money that was one intended to preserve, protect and defend Liberty.
Once, the American government did its duty by monetizing the peoples’ production as a wealth to the people; money that was free of debt and interest, free from obligation to perform for anyone as was in the Spirit of Liberty and Justice for all, the American Intent. The medium of exchange represented our labor, raw resources, ownership and the wealth of our nation. Government could not create money until the people did production first. The money supply increased with productivity gains that everyone needed, used and benefitted from mutually so as to promote the general Welfare.
Over 141 years, since 1792, special interests lobbied to get Congress to pass bad laws and finally relinquishing its authority to create money in violation of the Non-Delegation Doctrine to private interests in 1933 who completed the switch of our money from a debt free evidence of our production, liberty and OWNERSHIP to an evidence of debt, our bondage and what we OWE them. America does not have a ‘spending’ problem. It has a ‘borrowing’ problem. We are in debt bondage. No debt. No money. We fought a Revolutionary war to prevent being forced into debt to pay the Stamp Tax.
America can never be great again unless it is Free again. Freedom made America great. Debt has not, and cannot.
America cannot ‘efficiency’ its way out of its debt path to destruction. America must restore the PRINCIPLE of a debt free medium of exchange like America attempted to start with. We must transition from the creation of all money by private interests as unpayable interest-bearing debt, to all money created by the U.S. Treasury, as a debt free representation of production done that everyone needs, uses and benefits from mutually, our Liberty, OWNERSHIP and the wealth of our Nation.
Find drafts of this legislative idea at these two links:
https://www.debtfreemoney.org/american-transportation-act
https://www.debtfreemoney.org/wp-content/uploads/2025/01/FINSTA_089_xml.pdf
Debt and its forced bondage made us forget our country, our Constitution and our God’s intent that we be Free.
Help restore the PRINCIPLE of a debt free medium of exchange.
Thank You for Your Service.
