Sovereign nations don't have to borrow their money into existence, yet the U.S has done so since 1913. You cannot "pay down" the National Debt because all of our money is created out of debt. To reduce the debt would be to reduce the national money. The only solution is to do what's been done many times throughout U.S. history, issue debt-free U.S. Notes, instead of Federal Reserve Notes and break free of the debt money system. The problem is the same for every nation on earth, as is the solution. Nations don't have to borrow; nations can create.
No More National Debt
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Most Helpful Customer Reviews
18 of 18 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
Bill Still has done a fantastic job with this book that follows his award winning movie The Secret of Oz... on the very same subject that is near and dear to all of us: Money! Bill Still has not drank the Kool-Aid and does not spout the same thing as every other person who claims they want freedom and fiscal accountability... Gold, Gold, Gold! No... Gold backed money DOES NOT foster freedom nor fiscal accountability. This book gives documented example after example from history and present day that "fiat" money is actually good for the economy... and the people. Now wait a minute... I know what you "gold bugs" (a term Bill Still often uses) will pontificate all day long about the evils of "fiat" money... but it ain't so! Yes, you have an absolutely spot-on analysis that the value of our current money, Federal Reserve Bank Notes, has been chipped away over the years by inflation... that is because our stupid and corrupt Congress gave away the power to regulate the value of money to a private, for-profit corporation that we know as The Federal Reserve. Regarding the value of our present-day money, the issue is: who controls the quantity of money... not what backs it. The day-to-day functionality of our current money works just as you would expect any good currency would... we all pretty much agree to the value and we pretty much accept is for payment of goods and services. And our current money is absolutely "fiat" money. So, you "gold bugs" really don't have a problem with the functionality of money, you have a problem with the control of making additional money out of thin air. The issue is "fractional reserve banking" and you will learn from this book just how much of an absolute fraud this is... and it's legal because our Congress and our President allows it to happen!... Read more ›
17 of 17 people found the following review helpful
By mike
Format:Paperback|Amazon Verified Purchase
'No More National Debt' is a must have for anyone remotely interested in global or national economics. You're going to learn why the condition of the American economy is in shambles and how the current economic model for most countries are causing such high poverty rates globally. Bill still lays it out for any young mind to understand, and he personally autographed it to me. This is someone who cares!
Mikw
Mikw
6 of 6 people found the following review helpful
Format:Kindle Edition|Amazon Verified Purchase
The author of this book, Bill Still, has opened my eyes to the way money works in the world. I have learned so much about central banks and fractional reserve lending! I currently subscribe to his youtube channel bstill3 and recommend his books and videos to everyone I know. Because of Bill, I know that Republican austerity plans won't work and the Democrats tax and stimulus plans won't work. Bill has the answers if only people would listen to him!
2 of 2 people found the following review helpful
By Kataurilpa
Format:Kindle Edition|Amazon Verified Purchase
One of Bill Still's interviewees states the obvious - 'You can't borrow your way out of debt.'. People scared of getting into debt know that. The bankers obviously do too. But not the political ostriches. Still makes it absolutely clear from history with loads of references. But the world generally is determined that "honest" bookkeeping will get us there in the end. We are just dragged along the same old worn and bumpy railroad. Still gives us the background for a sensible approach that some have used.
However we now see that there are unbelievers. Even in Iceland, some want the promised miracles to be brought on immediately - just like some of their geysers - right on cue. The Bank of North Dakota has been some years polishing their credit based banking. Let's hope that Icelanders will hold their nerve.
However we now see that there are unbelievers. Even in Iceland, some want the promised miracles to be brought on immediately - just like some of their geysers - right on cue. The Bank of North Dakota has been some years polishing their credit based banking. Let's hope that Icelanders will hold their nerve.
2 of 2 people found the following review helpful
By Paul Sauls
Format:Kindle Edition|Amazon Verified Purchase
This book should be a school textbook... Everyone in every country, not just America, should read this book and then taking ACTION at their local county government level to bring about REAL MONETARY REFORM using the principles outlined by Mr. Bill Still. We've been slaves long enough!!
2 of 2 people found the following review helpful
By Economistic
Format:Paperback|Amazon Verified Purchase
Bill Still has done the research to a deceptively simple problem we have with our current monetary system. Simple, but so profitable that it amasses so much power it is difficult to unseat. I think Bill has found a way out, you need to read this book.
2 of 3 people found the following review helpful
By Baldbarian
Format:Paperback
If you want detailed facts, multiple historical references, links to do your own research or to check what Mr. Still presents.. buy this book. Then call your local library and recommend it to them or better yet, buy a second copy to donate. I own his DVD The Secret of Oz as well. Also highly recommended.
The subject matter has never been more important in the daily lives of the citizens of the US, indeed the world.
The subject matter has never been more important in the daily lives of the citizens of the US, indeed the world.
Format:Kindle Edition|Amazon Verified Purchase
I liked the various ideas Still put forth. I was less thrilled with the poor editing, the ocassional repetition, and the occasional dogmatic assertions - often not at all clearly demonstrated by the surrounding materials. Nevertheless, I think the book links to a number of good sites and does make one think. Recommended for those who want a different slant on a number of important current issues.
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