No, the topic of discussion was tax cuts and how the debt works.

Maybe that’s what you were talking about, but it’s not what everyone else was talking about at the time. At issue was that deficits ultimately lead to debt (the money’s got to come from somewhere), even if not at a 1:1 ratio. And even if not absolutely always, virtually always. In any case, if that’s what you were talking about, you were picking a technical nit of little relevance to the topic at hand. At the time, it struck me as an attempt to distract attention away from tax cuts leading to accelerated debt, given that this might lessen support for tax cuts.

Speaking of picking technical nits:

Increasing debt involves a sale of a bond or other instrument.

Increasing debt involves sale of such instruments at a higher rate than that at which existing ones are being repaid. If I borrow $10,000 from bank X, and in the same year I repay $20,000 in old debt to bank Y, my overall debt has been reduced by $10,000.

So Congress can hand over any of its delegated powers to private or international entities as long as it’s a “common sense” way to handle it?

I don’t know what a “common sense” way to handle anything is, but that’s basically right. As a general rule, if the Constitution says one branch of government has the power to do X, and doesn’t spell out how X is supposed to be implemented, it’s up to that branch of goverment to decide. Not all options are good, of course, but good != constitutional, and bad != unconstitutional.

So Congress can hand over any of its delegated powers to private or international entities as long as it’s a “common sense” way to handle it?

If so, then can the other branches of government, the President or the Courts also give over their delegated powers into private hands? If Congress can do it why can’t an elected President handing over his delegated powers to whomsoever he chooses?

The remaining quotes are neat-o, but they have nothing to do with the Constitution.

It, a central bank controlled by private interests, was repeatedly warned against during our history:

Thomas Jefferson wrote: “The Central Bank is an institution of the most
deadly hostility existing against the principles and form of our Constitution…if
the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations that
will grow up around them will deprive the people of all their property until
their children will wake up homeless on the continent their fathers
conquered.” The issuing power should be taken from the banks and restored to the people,
to whom it properly belongs.

History records that the money changers have used every form of abuse,
intrigue, deceit, and violent means possible to maintain their control over
governments by controlling money and its issuance. -James Madison

If congress has the right under the Constitution to issue paper money, it was
given them to use themselves, not to be delegated to individuals or
corporations. -Andrew Jackson

The Government should create, issue, and circulate all the currency and
credits needed to satisfy the spending power of the Government and the buying power
of consumers. By the adoption of these principles, the taxpayers will be
saved immense sums of interest. Money will cease to be master and become the
servant of humanity. -Abraham Lincoln

“Whoever controls the volume of money in any country is absolute master of
all industry and commerce.”
-James A. Garfield

Even the President who signed it said:

Woodrow Wilson signed the 1913 Federal Reserve Act. A
few years later he wrote: I am a most unhappy man. I have unwittingly ruined
my country. A great industrial nation is controlled by its system of credit.
Our system of credit is concentrated. The growth of the nation, therefore, and
all our activities are in the hands of a few men. We have come to be one of
the worst ruled, one of the most completely controlled and dominated Governments
in the civilized world no longer a Government by free opinion, no longer a
Government by conviction and the vote of the majority, but a Government by the
opinion and duress of a small group of dominant men. -Woodrow Wilson

Woops! can’t say that–it’s a “conspiracy theory” they say.

But it’s okay, because I specifically remember Uncle insisting that all this deficit spending wasn’t going to increase the national debt, and that I should trust him on this, because he’s an accountant!