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My way to retire our nation’s debt is the only way to do so. I can say so because not one person has advanced any other plan to pay off 35 trillion dollars. I remember when we passed one trillion dollars in the 90s. I knew we were in trouble because of the power of compound interest. A trillion of anything is hard to fathom, be it units of distance or monetary value. To be clear, there aren’t 35 trillion dollars in physical existence. These trillions of dollars are digital dollars minus the nine hundred billion of physical dollars in circulation. To make the figure of $35 trillion fathomable, I did some math calculations. Laying $100 bills end to end is 4,098,840,613 miles or 170,785 trips around the Earth with $100 bills.

When I was a boy, we were on the gold standard, which meant in theory, that every dollar had a dollar’s value in gold on deposit at Fort Knox. Our inflation in the 70s was the result of reporting and the confirmation that the government had more dollars in circulation than gold on deposit. President Nixon took the dollar off the gold standard after the French government demanded gold for the dollars of debt that it was holding, thus, calling our government’s bluff that every dollar was backed with gold. The government told its citizens that the dollar had value because it said so. Just eighty years before Nixon’s presidency, the citizens would’ve staged a revolt against the government for this action of President Nixon. The government was free to inflate the money supply at its whim now because it didn’t have a check of any value standard. In the 60s when I was a child, in the newspaper, auto dealerships ran ads for new cars for $3,500. That’s how much our dollar has been devalued.