Trump wrote a book called other people's money. This debt will be erased. Just watch.
We are already bankrupt and still using currency that has zero value. We've beenninsolvent as a nation for almost 40 years. It's the deep states corporate debt, not ours.
The way money is actually created in our current system means the national debt will never get paid down until the Federal Reserve ceases to exist.
The Fed only releases new money by lending it into the economy, 9/10 times by buying Treasury debt, worsening the problem, so we can't just print to fix it.
Taxing inherently slows the economy down, because you are destroying the M1 money supply by sending it back to the Federal Reserve. So, by the time you've paid the first trillion off the next 36 trillion is that much harder. Rinse and repeat, until you are trying to pull blood from a stone.
It really comes down to "End the Fed", and everything between now and then is kind of moot.
Won't do any good if we can't get our spending under control and so far even Trump isn't doing that.
Trump wrote a book called other people's money. This debt will be erased. Just watch.
We are already bankrupt and still using currency that has zero value. We've beenninsolvent as a nation for almost 40 years. It's the deep states corporate debt, not ours.
Bingo.
The way money is actually created in our current system means the national debt will never get paid down until the Federal Reserve ceases to exist.
The Fed only releases new money by lending it into the economy, 9/10 times by buying Treasury debt, worsening the problem, so we can't just print to fix it.
Taxing inherently slows the economy down, because you are destroying the M1 money supply by sending it back to the Federal Reserve. So, by the time you've paid the first trillion off the next 36 trillion is that much harder. Rinse and repeat, until you are trying to pull blood from a stone.
It really comes down to "End the Fed", and everything between now and then is kind of moot.
https://youtu.be/iFDe5kUUyT0