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To create all money as debt is the antithesis of the Freedom God, the spirit of America  and the American Constitution intended. It is bondage, destructive and deficient. When interest bearing debt is used for money, there will be debt, lots of it as the non-money debt is always greater than the money supply and growing with time. All money is debt. Not all debt is money. ‘CUTS’ and ‘EFFICIENCIES’ are not the way out.

The total American Public and private debt near $100 Trillion includes the total M-2 money supply of near $20 trillion. The $80 trillion difference is not money. It’s only a debt expected to be paid in money. It grows with time. Spending the $20 Trillion money supply on the debt would extinguish the entire money supply leaving $80 trillion in debt growing with time.

Interest, the non-money cost of money, is added to the costs of production and therefore to the costs-of-living. This creates a constant rise in the costs of living and a growing ‘spread’ between the money supply and prices resulting in a loss of purchasing power in the medium of exchange and growing difficulty making ends meet for all segments of society including ‘our’ U.S. Government which has the Congressional authority to create money. That authority was intended to create money as wealth not debt so to preserve, protect and defend Liberty.

Over 141 years, Congress passed laws which relinquished its authority to create money to private interests in violation of the Non-Delegation Doctrine. This changed our money from a representation of wealth we OWNED to debt we OWE.

Stop all spending; the debt would continue to grow. As long as debt is all there is; ‘cuts’ and ‘efficiencies’ won’t fix: the root of the problem, bondage to unpayable debt. Debt bondage has made us forget and deny our country’s intent, our Constitution and God’s intent that we be Free.

America must restore the PRINCIPLE of a debt free medium of exchange like America attempted to start with whereby money is created as a debt free representation of production done that everyone needs, uses and benefits from mutually, our Liberty, OWNERSHIP and the wealth of our Nation.

Find drafts of this legislative idea at these two links:

AMERICAN TRANSPORTATION ACT

https://www.debtfreemoney.org/wp-content/uploads/2025/01/FINSTA_089_xml.pdf.

Gregory Soderberg

Austin, MN