This post is not dooming, but a conversation starter.
I'd appreciate the thoughts of my fellow anons.
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How do we handle the $32 trillion dollars in debt and what do you think the plan is to resolve our corrupt monetary system?
Most of it is borrowed from China. Use your imagination. Our monetary system will right itself under P-metal backed notes. It will be difficult either way!
That is incorrect. China only holds around $1 trillion of our debt.
https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp
I know Q says gold ends the Fed and I've studied BRICS. I understand changes are coming but I'm having difficulty understanding the mechanisms.
I stand corrected, Japan holds the most and china 2nd. With about 5T in other foreign loans.
Spot on, and to add to this - I'm sure I read somewhere that China owed us over 900B after WW1 or 2 (can't remember which but I think 2). That would amount to a wash.
There is more though to this. If Trump gets back in and somehow forces China to pay (and the DS too) for the global damage COVID did there would be plenty of money to deal with. Confiscate the ill-gotten treasure, distribute it to make the world "right" again, and pay off the debt.
What happens when you or companies go Bank-Rub a very large percentage of Debt is held by the international banking system, Federal does not mean the USA is Liable, They will be left holding the bag and rightfully so, we the USA will go back to Gold and or combinations of precious Metals Standards, where we were once on it before. This is how I'm seeing it unfold and not necessarily exactly as stated.
Trump has answered this multiple times. He will print money.