A National Debt Is a Trick Bookkeeping Entry

A National Debt Is a Trick Bookkeeping Entry. learn more at http://www.DebtLoanPayoff.com .The NATIONAL DEBT is a trick bookkeeping entry, which does not involve any real assets because a real asset entry would immediately cancel the debt. Under the Uniform Commercial Code (UCC), promissory notes such as a Federal Reserve Note, is defined as a: ‘Negotiable Debt Instrument’ and so the National Debt of America is based entirely upon these negotiable debt instruments.

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February 9, 2015 1:11 am