William
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah, there's nothing to fear but fear itself.
Yeah, there's nothing to fear but fear itself.
Yeah, there's nothing to fear but fear itself.
Hi. I wanted to know what you know about monetary reform in terms of using monetary reform for reducing the debt.
Hi. I wanted to know what you know about monetary reform in terms of using monetary reform for reducing the debt.
No. Actually, Bill Still of the Still Report has been in the movement for about 30 years, and he's done a number of documentaries, and he has a plan to use U.S. notes instead of Federal Reserve notes for reducing the national debt. And this is something that Abraham Lincoln actually did for paying the Civil War instead of taking on new debt.
No. Actually, Bill Still of the Still Report has been in the movement for about 30 years, and he's done a number of documentaries, and he has a plan to use U.S. notes instead of Federal Reserve notes for reducing the national debt. And this is something that Abraham Lincoln actually did for paying the Civil War instead of taking on new debt.
So the issue is, is the Federal Reserve was formed in 1913, correct? It was formed by an act of Congress, and they actually were delegated the ability to issue our currency as Federal Reserve notes. Now, back in the Civil War, Abraham Lincoln used what is called U.S. notes or greenbacks to pay for the Civil War without having to go to the banks to borrow money.
So the issue is, is the Federal Reserve was formed in 1913, correct? It was formed by an act of Congress, and they actually were delegated the ability to issue our currency as Federal Reserve notes. Now, back in the Civil War, Abraham Lincoln used what is called U.S. notes or greenbacks to pay for the Civil War without having to go to the banks to borrow money.
So the idea is that as a sovereign country, we should be able to issue our own currency without having to borrow it and increase the national debt. The currency should be managed by Congress and the US Treasury.
So the idea is that as a sovereign country, we should be able to issue our own currency without having to borrow it and increase the national debt. The currency should be managed by Congress and the US Treasury.
So – What would happen is this is Bill Stills' plan of the stillreport.com. He's actually done three documentaries on it. One is The Money Masters. The other is The Secret of Oz. And the other is Jekyll Island. And the plan is that you would use these U.S. notes to pay off – the bonds as they become due because a good portion of our bonds are short term notes, thanks to Janet Yellen.
So – What would happen is this is Bill Stills' plan of the stillreport.com. He's actually done three documentaries on it. One is The Money Masters. The other is The Secret of Oz. And the other is Jekyll Island. And the plan is that you would use these U.S. notes to pay off – the bonds as they become due because a good portion of our bonds are short term notes, thanks to Janet Yellen.
And instead of paying them off by incurring new debt, you instead would pay off the notes, pay off the bonds with these U.S. notes, which would look very similar to to Federal Reserve notes, except it says US notes at the top, and it has a red seal on the currency instead of a green seal. And it's issued by Congress rather than borrowed into existence.
And instead of paying them off by incurring new debt, you instead would pay off the notes, pay off the bonds with these U.S. notes, which would look very similar to to Federal Reserve notes, except it says US notes at the top, and it has a red seal on the currency instead of a green seal. And it's issued by Congress rather than borrowed into existence.