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This is the promissory note of a private corporation. KB 462798601 82 KB 46279860I 11E, 100 It is not backed by anything of value. The entire economy is based around the shuffling of IOU notes, which only exist because of a belief that it is of real value. It is because we have allowed a private corporation to take over the money supply that the national debt exists, a debt that cannot be repaid.