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<p>[QUOTE=&quot;Cloudsweeper99, post: 1208586, member: 3011&quot;]Let&#039;s address these two points because if you can&#039;t get past this, the rest doesn&#039;t matter.</p><p><br /></p><p>The only reason the Federal Government needs to go into debt is that it can&#039;t create it&#039;s own money under a central banking system, so it borrows it.&nbsp; So there is no contradiction. If the Treasury creates its own money, there is no debt.&nbsp; Remember, the debt is the money and the money is the debt.</p><p><br /></p><p>And, if the Fed was replaced by the Treasury, debt would be repaid in whole or in part with US Notes as it came due instead of rolling it over.&nbsp; This could be streched out over time if necessary to avoid roiling the markets. In any event, the debt would decrease over time until it was extinguished, if desired.</p><p><br /></p><p>The question I always have is, if it is possible to have debt-free money and no interest payments, why oh why do people argue against it with so much passion?&nbsp; Is being in debt and paying interest on the money in your wallet that desirable?[/QUOTE]</p><p><br /></p>

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