Why don’t we just print a 6 trillion dollar note and pay off the Fed? Wouldn’t that eliminate the national debt?
Hardly. The Fed owns only a small percentage of the national debt. The remainder is owned by you and other investors—treasury bills, savings bonds, etc. Furthermore, although the interest owed by the Fed is real, any amount not spent throughout the year is returned to the Treasury. Lastly, NESARA will render the whole discussion moot. The debt owed to the Fed is largely mere bookkeeping. That is, once NESARA becomes law, the debt “owed” to the Fed is effectively cancelled. Of course, that move does not eliminate the debt owed to private investors.
