OK, my MBA never covered this, so I'm taking a stab in the dark...   US Government takes over control of Fed Reserve Bank...   but not responsibility for it's debts.   Cancels US Government debts...   US Government now free and clear.   Taxation burden much reduced.   Fed Reserve still owes other Central banks, but unable to pay.     Fed Reserve either goes into Receivership / Bankruptcy    OR    is bailed out by other Central Banks...    Government establishes new Central Bank with new non Globalist control, if there is an ongoing need ?