1. Create a "Credit Assurance Bureau" at the US Treasury to take custody of the T-bonds (one bond at a time and at the owner's discretion).
2. As the US Treasury takes custody of the debt, a "Federal Credit Receipt" (FCR) is created to represent the obligation, verify ownership, and make sure it is free of all encumbrances (clear title).
3. Each State creates a "Credit Review Commission" to oversee the assets' distribution for the benefit of the local economy.
Example: Social Security Administration turns in a few of their T-bonds to the US Treasury and receives an FCR. That FCR is redeemed for shares in a Texas Agricultural/Commodities Market in Amarillo.
I have presented it to both Texas Senators' Regional Directors here in Austin (John Cornyn and Ted Cruz). They have forwarded the plan to DC. This will bring up to $1 trillion to each State. Texas could become the clearing house for the $200 trillion global debt market, as well.
2. As the US Treasury takes custody of the debt, a "Federal Credit Receipt" (FCR) is created to represent the obligation, verify ownership, and make sure it is free of all encumbrances (clear title).
3. Each State creates a "Credit Review Commission" to oversee the assets' distribution for the benefit of the local economy.
Example: Social Security Administration turns in a few of their T-bonds to the US Treasury and receives an FCR. That FCR is redeemed for shares in a Texas Agricultural/Commodities Market in Amarillo.
I have presented it to both Texas Senators' Regional Directors here in Austin (John Cornyn and Ted Cruz). They have forwarded the plan to DC. This will bring up to $1 trillion to each State. Texas could become the clearing house for the $200 trillion global debt market, as well.
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