What money should say but does not.

The clue to what money should say but does not is that it has on it both “Federal Reserve Note” and “The United States of America.” 

It should say, “This noted is printed by the U.S. Bureau of Printing and Engraving in Washington, D. C., is then sold to the privately owned Federal Reserve System of banks for the cost of printing, then borrowed back by the United States Federal government and its citizens who will then pay interest on the loan forever.”

Why does it not say this on the money?  If it did, we would know how wrong is that arrangement and we would demand it be changed immediately.  If the government can borrow money that it prints, it can pay it into circulation and have it be debt-free and interest-free forever.  Selling the money for the cost of printing, about 6 cents per bill whether it is one dollar or 100 dollars, makes the banks ever richer and the rest of us burdened by an ever larger total public and private debt. We bailed out the banks when we should have bailed ourselves out. 

More on what money should say but does not in my next blog.