Their latest $1.9 trillion, of mostly pork spending, will take this debt to over $90,000.
To cover your family of 4, please submit a one time payment of $360,000, to the IRS, by April 15, 2021.
Pre-authorized $1,000 daily payments are being considered for those with exceptional credit scores.
I think a lot of folks are confused as to the actual nature of our National debt. The debt is funded and backed by Treasury bills (T-bills). You know the guaranteed low interest notes that every hedge fund, 401k, G-Fund (TSP) buy a percentage of for the stability. These are guaranteed return, albeit very low return. If the stock market crashes, you dont lose everything because the T-bills are stable. What this means is China owns approx 3 trillion, followed by Japan at just over 1 trillion. The vast majority left over is in private investors that have diversified their portfolios and most of our hedge funds, 401k's etc. We own most of our debt. If we can't afford to pay the interest, (which is somewhere over 900 billion per year) our credit goes into the toilet, the US dollar loses all or most of its value. The whole system is flawed. Our government should have never been able to sell debt.
That's not how it works. If the entire debt were paid off, there would be $0 in the economy and the global economy would collapse. It's a fiat currency based on nothing.
The entire system is a scam to force "payments" on interest from the people in the form of taxes. A federal government under its already existing monetary sovereignty needs exactly zero dollars from the people. The FED changed that with its interest bearing ridiculousness that enriches only the FED and those it "owes" interest to.
Rothchild property from birth
Not really, 'cause we owe it to the Globalists and we ain't payin'. Even China has a Central Bank.
Is it "The United States of America" or is it the "United States Of America"?
Not me. I'm not part of the corporation any more. Learn how to extricate yourself.
The only real asset the governments have is the labour of their people. Anytime they take on more debt it's a promise that the people will work to pay it off. More debt=more years working. Hence all the retirement aged people that still have to work to make ends meet. Though I don't think it can keep going this way much longer before a breaking point is reached. Can't wait :)
I recall, I think it was X22 spotlight interview with a banking expert that every new birth of a baby here is borrowed against by the fed....! And that the future life of that baby is endebted to the banking system through a sort of life insurance....
It was a couple of years back now but it was a great insight into how our lives are considered a future resource for future debt...
WWG1WGA
Unfortunately, that's just our national debt. Our total debt sits around $83 trillion. Now do the math, and you find every citizen is indebted around $250,000.
https://www.usdebtclock.org/