After writing the prior entry I was reminded of a movie about how the world ended.
It ended because women simple stop giving birth to babies for some unknown reason. There was no new/renewing introduction of the species. Species being an ambiguous term depending on context. The context of this relationship of the movie to the previous entry is this:
The US Federal Reserve Dollar dies as government spends in a new specie: US Crypto Currency. Spent into circulation by the US Government. The US Government ceases to spend Federal Reserve currency int to the monetary system.
Once US Crypto Currency is spent into the monetary system it is never extinguished by taxation. The government takes money out of the system by not spending Crypto Currency from Tax Collections or puts more money into the system, subject to need and controls, by spending (first) its Crypto Currency suspended for circulation and/or second new Crypto Currency as necessary.
Hooray! Federal Reserve Currency dies as it grows older and is extinguished to the nothing it came from.
Great stuff for the Ship of State to float on!
Ship of State?
States are already on a system that prohibits deficit spending.
The Fed was formed because independent state banks were failing, among other reasons.
Perhaps the course for the End of the World for the Fed is to go back to the the 50 States having their own Crypto currency all at par with all other states crypto. Every "Dollar" of State crypto would always have an originating State association.
Wow! That model has tremendous implications.
Die Fed, die.
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