This is what Martin Armstrong has been saying. The national debt would be substantially less if they had just printed the money instead of borrowed it. It would also be a lot more transparent than the current lets pretend we have someone to lend to.

That's probably where I picked up the idea. I read all his stuff. The guy's a modern day Count of Monte Cristo, although he hasn't made it to the revenge part yet. I suspect he will, but not in the way his enemies expect.

There aren't too many people out there with his range of experience, so I tend to pay attention, even if his thoughts are a bit disjointed at times. I agree completely with his position on gold. It's already failed the test, not once but several times, so why go back to it?

Of course its not enough to just say that. You have to come up with a workable alternative - something that can't be corrupted or run roughshod over. But is that even possible, given human nature? I don't have the answer, and frankly, I'm suspicious of people who say they do.

ebear