We don't need treasury notes. All it takes is switching the U.S. mint into full production of one dollar coins, or more efficiently twenty dollar coins. Phase the fed out by creating a government controlled fiat currency and buying out the banksters. If the government can print all of the money it wants to it can just pay off the outstanding debts. This would crash the world economy at which point we could just switch to a precious metals backed currency. The precious metals could be purchased beforehand with the current system of debt and payed off with the coin currency. In one swoop all foreign countries would be swindled out of owning the U.S. and the banksters would be left in welfare lines. Then we would just need to turn the manufacturing industry back on and bam another golden age for the U.S.