Fixing money

Money can be fixed by simply keeping accurate track of a person's transactions.  Reputation.  It doesn't matter which currency: USD to seashells.

It's that simple.  The formal structure for that ledger is below.

How to eliminate the "national debt"

Retire each existing Treasury bond, in exchange for a new monetary instrument called a "Federal Credit Receipt" (FCR).  The FCR is essentially an IOU that is non-interest bearing.  

This allows economic control over the bonds and where the value is directed.  Rather than China selling $2 trillion in bonds, receiving dollars, and then spending them, the Fed & Treasury can decide what can be purchased and define the terms.


Example: Social Security can turn in some of their Treasury bonds for a Federal Credit Receipt. The FCR can be used to purchase a Texas Stock Market, with Fed oversight.

This controls inflation and gets the US out of debt, while rebuilding the economy.

Money is accounting and the corruption is underestimated.

What is needed is a common language to describe financial transactions. I solved this 8 years ago. It's a structured form of contract law.

Lawyers, IT, and finance can't screw it up. Nor can it be misrepresented by other languages or cultures.