The central bank guarantees them by being willing to buy and hold them until maturity…at any time and specifically in times when Financial “innovation” has destabilized the economic system.

This Gift of monetary security and the rest of the beneficial policies of the new monetary paradigm {50% Discount/Rebate at Retail Sale including the continual debt jubilee effects of applying the 50% Discount/Rebate at the retail point of Finance (which is one’s monthly mortgage, automobile, insurance or other big ticket item’s monthly payment), Universal Dividend, Job Guarantee, Rationalization of Ecological/Energy Action Via Sliding Scale Percentage of Gifted Income “Taxed” into 5-6% R & D Bonds, etc. etc. etc.} far out weighs any objection from lesser thought through and less humane orthodoxies.

Grace and graciousness trumps greed and ego which is the lesson of historical paradigm changes.

Steve Hummel 01/21/2026