The national debt will soon hit $21,000,000,000,000. In 2014, we campaigned on exposing the deception regarding the source of this travesty. The private Federal Reserve Bank, which is neither federal or has reserves. It is a private bank that has been given the exclusive right to create money out of thin air and loan it to our government at interest. This is the source of our self-generating perpetual debt. It is a perpetual debt, because the money to pay the interest is never created. Our government must borrow additional money, at additional interest, to pay on the principal. This is a debt that is designed to never be paid off. The debt ceiling has to be continually raised putting our children further in debt.
The Federal Reserve must be abolished and a new monetary policy must be created with intrinsic value as our founders wrote into the United States Constitution (Art I, Sec. 10, Cls. 1). The alternative will be a total monetary collapse which will open the door for the IMF step in and offer us bail out money in exchange for national sovereignty. As your congressman, with 10 years of studies in Austrian Economics, I will introduce the bills to bring back the intrinsic valued monetary system laid out in the original Constitution for the United States.