It’s all the rage these days to sell public assets to pay off government debt. We mustn’t default, after all. We just hate to see our national parks, public roads, energy grids, water, hospitals and schools being sold to robber barons. Do we have anything to sell that the majority of Americans wouldn’t mind parting with?
What about all that Pentagon real estate owned by US taxpayers? Over 1,000 military bases worldwide. That real estate must be worth a fortune. Given the worldwide inflation of real estate values, created by the central banks, it must be worth trillions. We could close our worldwide military bases and sell that real estate to the locals who would probably jump at the chance to get rid of a foreign occupying army. We could ask the buyers to pay for the land with worthless Federal Reserve notes. That would solve their problem of how to get rid of their worthless US dollars and simultaneously give Americans a sufficient number of fiat coupons to pay back the Federal Reserve in kind.
Without those military bases we couldn’t launch wars of aggression and we should be able to drastically reduce the Pentagon budget, saving even more money ~ and lives! Just think of it … close to one trillion dollars every year being sucked up by the Pentagon would be liberated for health care, education, infrastructure and a peacetime economy.
We could even get rid of the Pentagon all together. After all, we lived quite comfortably without it for 170 years.
While we’re at it, we could sell off those secret CIA torture prisons and close all those military labs that make chemical and biological weapons. This would free up enough cash to save our hospitals, schools and national parks with money left over to clean up all the depleted uranium sites contaminating 39 of our states.
We could get rid of the domestic surveillance apparatus and stop outsourcing intelligence gathering to private “security” firms, cancel the contracts with mercenaries and assassins, stop funding military recruiters in our schools and stop paying for coups in countries where people would rather elect their own leaders. That would save a fortune. Selling off the whole covert operations apparatus would have the double advantage of fetching a good price and freeing other people to live their lives in peace.
If we wanted to permanently flourish we could repeal the 1913 Federal Reserve Act and restore the function of money creation to the government, just as the Constitution requires in Article 1, Section 8. Debt-free Constitutional money would be spent into circulation by Congress, backed by the full faith and credit of US citizens. A monetary system owned and controlled by the public would ensure that credit is always available to cities and states, schools, hospitals, small businesses and homeowners. We would never again have to sell off public assets we value because we would never again be indebted to private bankers.
Problem solved.
The public has plenty of toxic assets to sell. Wall Street hasn’t cornered that market. I wonder why Obama hasn’t thought of this himself. Perhaps the $994,795 in payoffs from Goldman Sachs is clouding his vision or perhaps the advice he gets from the privately-owned Federal Reserve is self-serving; perhaps the corporate CEOs that rake in billions from public despair have his ear or perhaps the beneficiaries of Pentagon wars have convinced him that killing people in Afghanistan and Iraq will bring greater returns than selling off the toxic assets Americans really don’t want.
Paying off the national debt is a no brainer when you have a functioning conscience.
Good job Nikki! As always right on the money with common sense and insight!.
Dear Nikki,
I became aware of the National Debt in the UK some 12 years ago. Since then I’ve tried to raise awareness about this heinous mechanism via the Forum for Stable Currencies.
Your article makes me sigh, for it seems we must assume that “they” know perfectly well how the National Debt is being abused to exploit nations. I.e. the political will is NOT to pay it off!
But there are some 1.7% of “them” and 97.3% of “us”. So let’s stick together and find more and more ways of pointing things out. My latest initiative is on Enforcement of Bank of England Act 1694.
It’s been too long and too engrained a process: the creation of money and the power that goes with it, i.e. the power to bribe and to seduce – behind the scenes and beyond all accountability.
Thanks for being one of “us”!
Sabine
What a marvelous idea … you’re elected!
I am sending your latest to members of Congress. Please tune into keithhennessey.com –he’s a member of the new Blue Ribbon Financial Crisis Inquiry Committee—and sponsors a blog about same. I’ve been in there pitching all by my lonesome and would appreciate having a fellow-traveler adding to the assault on all the conventional “wisdom”—-
oh i wish to be debt free in the next few years and i wanna be a millionaire too :
true… you know what they say…Bulls make money, bears make money, and “pigs” get slaughtered
I have a blog at http://www.AreWeBozos.blogspot.com, saw your article on the Dennis Kucinich bill, and decided I couldn’t say it better myself. I therefore posted a link to your article. Excellent job! Now, we need to get more attention to this bill, as the lame stream media will pointedly ignore it.