It's all part of Uncle Scam's plan to pay down "available" national debt during the next ten years or so. And pay it down with the American worker's retirement, health care, and other entitlement money.

The 30 year Treasury bond gets in the way because people and nations who hold these are not likely to give them up without proper incentive. Why should they? They contracted honestly with the government for annual interest payments in the range of six to seven percent and full pay off at the end of the contract. It's the safest investment in the world solely because it's backed by every taxpayer in the country.

Since 1998, the federal government has been actively engaged in a debt-laundering operation that would make Marc Rich proud. It may even be the reason for the Marc Rich pardon that puzzled everyone in the last days of the Clinton administration. After all, Rich was known as the world's greatest money launderer.

You can follow this debt laundering operation on the Treasury's own web pages as long as the Treasury's Bureau of Public Debt continues to post it.

Here you will find the nation's debt divided into two parts, Debt Held by the Public and Intragovernmental Holdings. Debt Held by the Public is really the honest "investor" side of the debt, while Intragovernmental Holdings (a term coined by Alan Greenspeak) is really the debt left to us by Uncle Scam's theft of entitlement money. What the pirates call borrowing.

One side goes up while the other side goes down. It's all debt that can only be paid off with taxpayer dollars. Make no bones about that.

This also can be verified and followed at the Bureau of Public Debt's web pages where the national debt is recorded to the penny and records for each fiscal year are available for the past ten years.

It's also worth noting that as of 12/31/01 the national debt stood at $5.94 trillion, a rise in three months of $133 billion, and the ceiling currently stands at $5.95 trillion. Of course, the government considers almost $100 billion not pertinent to the ceiling, but it's obvious that the ceiling will have to be raised shortly in an election year. We'll see what lies they can come up with to hide that.

If left completely alone, the national debt would still rise based on interest alone. Interest that is paid the entitlement side and increases the overall national debt.

Uncle Scam has saved approximately $38 billion in annual interest to honest investors by applying more than $400 billion of your retirement, health care, and other entitlement money against one side of the national debt. The saving is six to seven cents for every dollar "invested" this way. Isn't that just wonderful?

The sad part.

In case of emergencies like natural disasters or war, our forefathers left the government with a way to raise any amount of money overnight. Written into the Constitution is the government's ability to borrow from the public.

Even before taxes, Uncle Scam has been able to raise immediate money by issuing US Treasury securities to thousands of individuals and nations looking for a safe investment.

We haven't lost all of this capability yet, but it is being chipped away. Today, it's the disappearance of the 30 year bond. Tomorrow it will be the 10 year bond. All so Uncle Scam can launder the debt to entitlements before the baby-boomer threat even appears on the scene.

And this laundry operation has the full support of both political cults as well as the carefully managed Fourth Estate. So-called watchdogs that have been conducting a full fledged propaganda campaign to make the American people believe that "deficits" are as evil as communism.