There is a simple way to pay for "Universal Health Care"
without increasing the national debt.
Did you know there are 2 types of "U.S. Legal Tender Dollars"?
1. The "Federal Reserve Notes" (Debt dollars) The way this works is the Federal Reserve
sells T-bonds to the public and transfers the money to our Treasury to pay the bills.
These T-bonds must be redeemed with interest when they mature. A very bad system that has
created trillions of dollars of unnecessary interest debt for our country.
2. What is a Fiat Dollar?? The "United States Notes" are Fiat dollars (NO Debt - Fiat dollars).
These "U.S. Notes" have the same value as the "Federal Reserve Notes" - BUT THEY ARE NOT
THE SAME. The "U.S. Notes" ARE NOT BACKED by the government and never have to be redeemed.
The "U.S. Notes" are backed by the strength and good credit of U.S. economy. They create
NO additional federal debt. To avoid the threat of inflation the amount of fiat money
issued is determined by the strength of the U.S.dollar. Right now the U.S. economy's value is
about $92 trillion dollars and rising.
Unfortunately our government stopped issuing the "U.S. Notes" (no debt dollars) on
January 1, 1971 for some reason and has not issued any "U.S. Notes" since then. The Treasury
said they had no need to issue both types of dollars. THIS WAS A BIG MISTAKE!! Even though
the U.S.Notes haven't been issued since then they are still valid and have the same value as
the Federal Rserve Notes. The bankers had taken over and now ALL dollar bills were "Federal
Reserve Notes". The Treasury stopped printing the "United States Notes" and only printed
"Federal Reserve Notes" since then. The United States of America no longer had its own currency.
When our government needs extra money it has to borrow it from the bankers (At a price set by
the bankers).This has caused the Federal debt to soar out of control.
(about $20 trillion dollars and rising).
The way to pay for a new Universal Health Care System is to start issuing the "United States Notes"
again. Simply pay all the health care bills with this source of new money (the fiat dollars).
This will not raise the Federal Debt one penny! As long as our economy and the dollar remain
strong there should be no increase in inflation.
Donald L. Hamilton March 30,2017, dlham@prodigy.net,
