Transitioning from Debt-Based Money

This is a plan to retire the US national debt in a safe manner, without causing alarm economically or financially.

Debt is a liability to some, but it is an asset to the purchaser of the debt.  So, that asset can be traded for another income-producing asset.  While that happens all the time, it has inflationary consequences and financial predators are gaining title to property and businesses, without concern of a currency collapse.

A new monetary instrument called a "Federal Credit Receipt" (FCR) can create the structure to retire the debt.  The pilot program covers most of the jurisdictional and legal paths:

Social Security Administration (SSA) turns in some of their bonds to the Treasury, the Treasury issues them a Federal Credit Receipt.  The FCR can then be redeemed through a committee with oversight and cross-jurisdictional decision-making.  For example, a Texas Stock Market could be created and shares passed back to the SSA, redeeming the FCR, and retiring the debt.

It gives the central banks more control over inflation, while directing resources to the generalized benefit of the economy.

I could use some help.  The US has $19 trillion in spendable assets.

Plan to retire the US' national debt and rebuild its economy & infrastructure.

Essentially the US is in a foreclosure via its national debt.  Total land value in the US is ~$20 trillion (not including improvements) and the national debt is about the same.

So, rather than doing a bond-swap for the entire landmass of the United States, perhaps we should take control over the bond market.

There are inflationary concerns when bond-owners sell bonds for USD and spend it.

Therefore, I invented a "Federal Credit Receipt" which is a new monetary instrument to structure the value transfers.

As a "pilot program", and to work through the details while legislation is written, I am suggesting this:

Social Security Administration (SSA) turns in a few of the bonds in their portfolio for a Federal Credit Receipt (FCR).  We create a Texas Stock Market in San Antonio and redeem the FCR for ownership in that income-producing asset.  SSA then owns at least part of the Texas Stock Market and the debt is retired.

Please pass this around.  I think Goldman Sachs is the appropriate company for this plan.  I need some assistance in Austin, quickly.

Sincerely,
Andrew B. Brown
10723 River Plantation Drive
Austin, Texas 78747
512/947-8282
andrewbb@gmail.com

Federal Credit Receipt

To get a handle on the total debt market, one must consider how to de-couple USD from debt AND allow retirement of the debt. To that end:

If the Social Security Administration were to turn in a few of their bonds to the Treasury, the Treasury could issue them a "Federal Credit Receipt" (FCR). That FCR represents an obligation on the part of the Treasury/Federal Government and is an asset owned by SSA, in the custody of the Treasury.

What that does, is allows the Treasury, Federal Reserve, and potentially Congress to set terms on the redemption of the FCR.

For example, the Federal Reserve economists might determine that a Texas Stock Market is beneficial to Texas in distribution of capital and its economy. So, the FCR might be redeemed for ownership in a Texas Stock Market. The FCR would then be off the books of Federal obligations and SSA would hold beneficial ownership in an income-producing asset.

This plan shores up Social Security, while allowing a way out of the debt, and provides resources to economic development and infrastructure throughout the United States.