What if? My scenario for the start of the restoration of the Republic...

Below is my ideal situation and I am in need of some people to look it over to see if they find any holes in it.

The assumptions for such scenario are:
1. A Constitutional president is elected who only acts outside of the Constitution to restore Constitutional government.
2. Such president is not assassinated.
3. Such president is elected twice.

What would happen if.....

1. The president declared the Federal Banks unconstitutional.
2. All debt owned by the Federal Banks is thereby cancelled since such institution was never Constitutional and therefore unlawful.
3. All debt owed to foreign or domestic institutions shall be honored and paid back- outside of agreements with the FED.
4. Congress shall be responsible for the stability of the dollar.
5. Congress shall mint gold and silver to compete with the dollar.
6. The president orders the deregulation of all industries that receive federal grants, federal tax breaks, and federal subsidies since receiving such things would make them federal agents or institutions.
6. With the FED's owning about 45% of the national debt and that debt being cancelled, the United States now only owes about 6.5 trillion dollars.
7. The president orders to withdraw of all troops worldwide in 6 months.
8. The president orders all foreign bases to be sold.
9. The president orders any ammunition and vehicles that are nearing their life to be sold or any ammunition or vehicles that cost more to ship back than to make sold.
10. The president uses the money that is received from selling the overseas empire to pay down the debt.
11. The restoration of the Republic begins:
a. The election of Senators shall be held by the States, not the people.
b. True ownership of land shall be enabled.
c. Increase the number of representatives in the House.
d. The Federal Income Tax is abolished

12. The president uses the near trillion dollar cost of the empire overseas to pay down some of the debt.
13. The debt is paid for by the end of the second term of the president.
14. With the Constitutional currency in place, Congress can no longer spend without ceasing which eventually leads to the restructuring of those still in social security, Medicare, Medicaid, and welfare.

Are there any other variables that I did not account for and what do you think?

What I see..
-The major problem, outside of being unrealistic, is that the actions that a president would have to take in such circumstances could inevitability lead to more power to the president, and therefore possibly lead to a dictator in the future.