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<p>[QUOTE=&quot;Cloudsweeper99, post: 1203648, member: 3011&quot;]First of all, a US Note is not a debt and does not require repayment.&nbsp; It will also not be inflationary if it is issued, for example, in FDIC repayments because every US Note issued is in response to a FRN going out of existence with no net increase in money supply.&nbsp; Inflation is a product of an increase in money supply and not the type of money issued.&nbsp; It can happen with US Notes, FRNs and even gold so it is a non-issue here.&nbsp; I should have been clearer that I wasn’t saying that the FRNs would decrease in VALUE.&nbsp; They would decrease in NUMBER.&nbsp; Remember, under the Federal Reserve System the money is the debt and the debt is the money, and a default on the debt is a destruction of the money supply.&nbsp; So the value of FRNs may actually increase in a default because there will be a scramble to obtain them.&nbsp; </p><p><br /></p><p>But people should read the list of horrors that you are writing because these are exactly the talismanic words that will be used to frighten people into giving the banks everything they want:</p><p><br /></p><p>Confiscation of private property</p><p>Inflation</p><p>Destruction of savings</p><p>Dire consequences</p><p>Destroy working capital</p><p>Massive business closures</p><p>40% unemployment</p><p>Bank failures</p><p>FDIC failure</p><p><br /></p><p>In practice, virtually all of this can be avoided if the political will exists.&nbsp; And it may not unless people demand it.&nbsp; The tools to do this are already well known.&nbsp; The bankers and their minions will be out in force threatening everything under the sun if they aren’t given what they want, which is virtually everything.&nbsp; I recognize how difficult it is to unlearn the things that were taught to you over many years, even if they happen to be untrue.&nbsp; People are taught that the way things are is the only way they can possibly be.&nbsp; Everyone needs to read these posts and decide for themselves if the talismanic words are true and that the banks need to be rescued at all costs; or if a fresh start is the way to go.</p><p><br /></p><p>We will all soon be faced with this decision.[/QUOTE]</p><p><br /></p>

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