US national debt tops $34T for first time in history
(share.newsbreak.com)
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The one question no one ever asks... Who is the U.S. indebted to?
Debt is an asset. The bottom line beneficiary and trustee of every asset always falls to a Natural Person, and never a corporation (there may be corporations in the chain, but it always lands on a real person). So really, what Natural Person(s) is the U.S. indebted to?
Maybe if people realize that they should start asking that question, the precipice will be reached.
Ok. You said a lot there. I know a lot of countries hold US debt, but also many individuals in the form of bonds, etc.
Are you saying that if there is no natural person to collect the debt (bc it's held by a corporation or a gov) it's not a true asset? And, therefore uncollectible?
Debt owed is a liability. Investment in debt (bonds) is an asset, no?
By Trust Law, "ownership" of all assets on the planet can be broken up into two categories, the beneficiary, and the controller (or "trustee"). The primary bond holder for U.S. bonds are banks and corporations (all types of corporations, including governmental corporations), But these can't actually be either the beneficiary or the trustee because they are not Natural Persons, they are legal fictions, they don't actually exist.
The trustee (controller) part of this system is the more important part to understand to see the fuckery. The Beneficiary of a bond is a less important metric (though still meaningful). For example, in the case of a U.S. bond "held by the public," such as our Social Security system, the beneficiary of the U.S. Bonds held by that agency is We The People (at least ostensibly), but the controller, the Trustee, is all sorts of Natural Persons, including people like the Queen of England (or King now I suppose).
All the fuckery of our Modern Economy is run through this separation of beneficiary and trustee, and putting corporations in front of the Natural Persons that those things fall on.
Yes. Look at what people actually control the bonds (trustee's of the asset) and you will appreciate who rules the world.
Having said that, who the beneficiaries are is also of non-trivial importance. The beneficiaries (those who receive the interest payments) are also primarily banks and corporations. They are the vampires who suck the life-blood from the productive power of the American People. But there are a lot of bonds that don't seem to be such a bad thing (like the several trillion in bonds held by the SSA), but in reality, because even if some of the beneficiaries are still We The People, the entire rest of the possible means of utilization of the system is both under control and under custodianship of the PTB.
This also brings up an important point on the SSA. The SSA pays benefits through it's gained interest on U.S. Bonds. So the SSA began life by taking a loan from the Fed, indebting We The People. We The People then put mandatory money into that system to buy more bonds (about 15% of all income per person per year). The interest on these bonds then goes back to We The People in the form of benefits, but the interest is also PAID FOR by the other income taxes paid. Or it is rolled over and the debt accrues (both happen).
It is a system that is guaranteed to crush the economy at some point, where the interest is more than the total possible income. It was a fraud to begin with, made "necessary" by the Great Depression, which was itself a fraud to begin with, a planned event, to set up exactly that indentured servitude system for all Americans.
In the custodianship aspect, the Fed or one of their affiliates is the custodian of all U.S. debt assets. They determine who can buy a bond. They determine who can sell a bond. All bond transactions go through the Fed, and they can cherry pick benefits for buying and selling these assets in different regions, so in reality, the Fed (or really the Bank of International Settlements (or really the Natural Persons who control the Bank of International Settlements)) is the controller of ALL U.S. debt through their custodianship.
Corporation debt
I have no idea what you intend to mean with that.
The corporation is bankrupt..not the repubkic
I can find no evidence to support that narrative that stands up to scrutiny. I believe it is a red herring, purposeful fuckery designed to mislead and make people look crazy.
The U.S. Govt is a corporation, by definition (a governmental corporation). The DC municipality is also a corporation, by definition (a municipal corporation). The differences between a governmental and municipal corporation are minimal (for this discussion), having to do with the authority that incorporates them.
The "National Debt" is owed to the Fed, and the people who took out the loans that incurred that debt did so in the name of the U.S. Govt corp, not D.C. corp. So the U.S. Govt has the liability. The U.S. Govt then takes the money from the people to pay off their debt (that's not exactly how it works, but close enough for this discussion). That debt repayment doesn't have anything to do with DC corp as far as I can find, and I looked pretty deep. That doesn't mean there isn't fuckery with the DC corp and US Govt mixup, I think there is. But as far as I can tell, none of that fuckery has to do with who is indebted to the Fed.
In short, the Debt is owned by the people who own the Fed, and the liability is held by the US Govt corporation, which is a governmental corporation that was incorporated with the U.S. Constitution in 1787.