Texashiker
Lifer
- Dec 18, 2010
- 18,811
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Sorry, the federal reserve derives its authority to make notes from the US government and every dollar is an obligation to the US government.
So the only way to pay the debt is to pay in something besides federal reserve notes (dollars).
The only way to do that is through gold, silver, platinum,,, something of real physical value. This right is granted in the U.S. Constitution - Article 1 Section 8.
Congress can mint a 17 trillion dollar coin, give it to the federal reserve, and our debt is paid. Good luck on cashing that coin in for real money though,,,lol.