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Politics : The Donald Trump Presidency
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From: scamp5/6/2016 1:24:38 PM
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AJ Muckenfus
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"Donald Trump’s Idea to Cut National Debt: Get Creditors to Accept Less..."

This is great in my opinion. Ron Paul suggested the same when he revealed that 75% of the national debt was held by the Federal Reserve and was issued as fiat money (in the good name of the American people). 25% of the debt is held by individual investors. The Fed simply paid for the printing cost of money and then charged interest on the American people's bonds. Paul suggested that we redeem the 25% of bonds held by individual investors and cancel all 75% debt to the Fed parasites. The Fed needs to be returned to the American people. The Constitution explicitly gives Congress the power to create/print money. In 1913 the private bankers took over the Fed through shady legislation passed on Dec. 24 while Congress was in recess. They called a special meeting with only approx 10 or so bought off members of Congress to create a quorum and passed a bill that basically sold the right to print money to the international bankers. Wilson signed the bill and later said something to the effect of: 'I ignorantly signed away our nation to the international bankers.' This is the key to the political and economic problems that we face today. The 1913 Bill gives Congress the power to repurchase the Federal Reserve's authority to print money for only $350 million. Let's hope that Trump gets good advice about this critical issue. Cancellation of most of the debt through bargaining would be fine but it's more important to return to the American people representatives the power to print money as stipulated in the Constitution.
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