Also remember in the same time period there was a lot of talk about auditing the gold reserves at Fort Knox. I remember a thread here where there was reasonable speculation Ft. Knox has more gold than what is officially recognized.
6-7 years ago he got close but his production value on his show has always been top notch and a couple high profile interviews gives far more credibility than he should have
I think the real road to this is far more organic. There are multiple chunks to this debt that will be handled differently.
A big chunk of the debt is held within US governmental agencies and a lot of it is basically free flow of money through social security, medicare etc via fraud. The DOGE has already identified all this, and Palantir has obtained complete data traces to back it up. When that part of the fraud is completely exposed, all that debt simply vanishes.
Then there is the sovereign holdings and wallstreet holdings.
I think the wallstreet holdings will be dissolved when the MOASS happens.
As for the sovereign holdings, they are already being purchased by the Fed and these countries are selling US treasuries and buying gold/silver etc (people screaming dedollarization). But in reality Fed will own this debt. This is the part I think will be handled via some EO or something else. Or perhaps, Trump will absorb it into the sovereign wealth fund or something.
The remaining debt would be the real debt, which would be floated on the CLARITY Act stablecoins, and allows every person in the world to directly own and hence directly fund the US prosperity and have a part in it, without any banking middlemen.
I suspect that the Social Security and Medicare will be funded through the sovereign wealth fund, since the so-called SS and Medicare "Trust Fund" is nothing but IOUs that are probably owed to the Fed.
The actual funding necessary for SS and Medicare is probably just a fraction of what is being spent on them. When you remove all that, yeah I think the entire US budget will covered by the tariffs + trade surpluses + sovereign wealth fund with spare.
As for the sovereign holdings, they are already being purchased by the Fed and these countries are selling US treasuries and buying gold/silver
Just listened to a video where the presenter, who didn’t seem biased, presented this as evidence we’re losing. Is there a good argument that he’s misinterpreting the data?
The remaining debt would be the real debt, which would be floated on the CLARITY Act stablecoins, and allows every person in the world to directly own and hence directly fund the US prosperity and have a part in it, without any banking middlemen.
How exactly would this work? Would we be able to buy control of the government directly, rather than having to vote for it, perhaps using MOASS funds?
Andrei Jikh does top notch analysis. I would really love to hear his takes incorporate some Q insights. Be that as it may, he's up on the financial world.
The video you linked doesn't mention stablecoins. It's considers a theory about the U.S. and China coordinating the devaluation of the dollar (adding to inflation pressure), with a consummate rise in asset prices.
Personally, I don't see how something (digital or otherwise) tied to the value of the US dollar stabilizes anything. It just adds another level of indirection.
Someone made a good point lately about fact versus mythology on these kinds of things where there is little to no real evidence yet. Hoping it turns into fact.
Odious debt, also referred to as illegitimate debt, is a legal and moral theory in international law proposing that sovereign debt incurred by a despotic or corrupt regime should not be enforceable against successor governments. Because the funds were not used for the public's benefit, the doctrine argues these are personal obligations of the rulers, not the state.
Wikipedia
+2
The Core Criteria
For a sovereign debt to be classified as odious, international legal scholars typically require the following three conditions to be met:
Duke Law Scholarship Repository
No Public Consent: The debt was incurred by a dictatorial or non-representative government without the consent of the population.
No Public Benefit: The borrowed funds were squandered, used for personal enrichment, or actively used to repress the populace rather than for public infrastructure or welfare.
Lender Complicity: Creditors were aware (or should have been aware) of the likely illegality of the loan and the regime's misuse of the funds at the time of issuance.
International Monetary Fund | IMF
+2
Origins and Modern Status
The foundational framework for this theory was synthesized in 1927 by legal scholar Alexander Sack. However, the concept's roots trace back to the 1898 Treaty of Paris, where the United States successfully argued that Cuba should not be responsible for debts imposed by Spain without the consent of the Cuban people.
Brookings
+2
While the concept is popular among human rights advocates and debt-relief organizations (such as the CADTM), it remains an aspirational principle rather than a universally codified body of law. Mainstream international law generally mandates that a state's legal obligations survive political transitions. Sovereign debt crises and subsequent repudiations are typically resolved through tailored, case-by-case multilateral negotiations or domestic litigation, rather than a definitive international
I hope so, but something is telling me this is going to be one helluva long and hard fight and may not be won until well after Trump leaves office.
If this doesn't happen before he does leave office, all bets are off as to whether it gets accomplished or not.
Also, whether it was due to fraud or not may not even be relevant. The fact remains that there exists nearly $40T in U.S. debt owned by other entities outside the U.S. And according to Int'l Laws, that debt MUST be paid back. We even had to pay back the debt that the UK Crown Monarchy was owed by The Colonies after the American Revolution, the War of 1812, the U.S. Civil War, and the Reconstruction Period.
I'm not trying to be a black piller here, but let's not get too comfy with the idea that the vast majority of the U.S. Federal Debt can just be wiped out without some major repercussions to the U.S. and global market economies. One of the more concerning repercussions is that we end up having to go to war with the rest of the world over it.
I'm not saying that it will happen that way, or that it's even on the table at this time, but that it's definitely a distance possibility.
good point so I looked up how much about $6.5 trillion is owed to other countries, Japan being the largest holder of debt, the UK and China holding under $ 1 trillion each.
China owes the US USA for operating with the deep state for coronavirus, and election deals, and stealing all of our tech for decades back to Clinton.
City of London, financial capital of evil.
Japan, I think we can work with China can pay the USA and the debts owed to other countries can be paid and evened out.
Folks still talking about the debt as if it is a bill that needs to be paid. The fraud is and was against the American people when the federal reserve was established and Congress no longer regulates currency as originated. The debt is the amount of money in circulation, federal reserve notes, owned by centralized banking system the Federal Reserve. That currency, US dollar aka federal reserve note is "loaned" to the United States and the United States pays interest on the loaned currency. The debt will never go away until it is re-established that congress regulates currency and removes the use of the Federal Reserve as the owner of the currency we use.
I honestly believe that, given all the fraud that DoGE, and all the revealed fraud in MN and CA, etc, etc, etc, that We, The People should start a class action lawsuit for every nickle (since pennies don't exist anymore) that the IRS owes our families and our selves from its inception in 1913 to present, and that once that accounting and reimbursement has been completed (within a court ordered time limit of less than 3 years) that the IRS should be dissolved as the final act of this lawsuit.
Frogs should push this on every social media platform we are on.
Anyone else remember when POTUS dropped this major breadcrumb? He publicly said a large portion of the debt was a product of fraud.
https://www.reuters.com/markets/us/trump-says-us-might-have-less-debt-than-thought-2025-02-09/
Also remember in the same time period there was a lot of talk about auditing the gold reserves at Fort Knox. I remember a thread here where there was reasonable speculation Ft. Knox has more gold than what is officially recognized.
let's be honest - when was the last time was X22 right about anything?
Want to talk about it?
lmao!! I gotta give it to him, he's been going for so many years. Even a blind squirrel finds a nut once in a decade anon!
6-7 years ago he got close but his production value on his show has always been top notch and a couple high profile interviews gives far more credibility than he should have
... I heard he forgot his moms birthday. :)
Awesome memory TS!
I think the real road to this is far more organic. There are multiple chunks to this debt that will be handled differently.
A big chunk of the debt is held within US governmental agencies and a lot of it is basically free flow of money through social security, medicare etc via fraud. The DOGE has already identified all this, and Palantir has obtained complete data traces to back it up. When that part of the fraud is completely exposed, all that debt simply vanishes.
Then there is the sovereign holdings and wallstreet holdings.
I think the wallstreet holdings will be dissolved when the MOASS happens.
As for the sovereign holdings, they are already being purchased by the Fed and these countries are selling US treasuries and buying gold/silver etc (people screaming dedollarization). But in reality Fed will own this debt. This is the part I think will be handled via some EO or something else. Or perhaps, Trump will absorb it into the sovereign wealth fund or something.
The remaining debt would be the real debt, which would be floated on the CLARITY Act stablecoins, and allows every person in the world to directly own and hence directly fund the US prosperity and have a part in it, without any banking middlemen.
Great thoughts bb! 🫡 I believe you are correct...
Finally some CLARITY. Everyone only ever speaks of GENIUS but CLARITY is it’s other half.
Very important part of the whole thing.
I suspect that the Social Security and Medicare will be funded through the sovereign wealth fund, since the so-called SS and Medicare "Trust Fund" is nothing but IOUs that are probably owed to the Fed.
The actual funding necessary for SS and Medicare is probably just a fraction of what is being spent on them. When you remove all that, yeah I think the entire US budget will covered by the tariffs + trade surpluses + sovereign wealth fund with spare.
Just listened to a video where the presenter, who didn’t seem biased, presented this as evidence we’re losing. Is there a good argument that he’s misinterpreting the data?
https://youtube.com/watch?v=3DYnQMmQk8k
How exactly would this work? Would we be able to buy control of the government directly, rather than having to vote for it, perhaps using MOASS funds?
Andrei Jikh does top notch analysis. I would really love to hear his takes incorporate some Q insights. Be that as it may, he's up on the financial world.
The video you linked doesn't mention stablecoins. It's considers a theory about the U.S. and China coordinating the devaluation of the dollar (adding to inflation pressure), with a consummate rise in asset prices.
Personally, I don't see how something (digital or otherwise) tied to the value of the US dollar stabilizes anything. It just adds another level of indirection.
Someone made a good point lately about fact versus mythology on these kinds of things where there is little to no real evidence yet. Hoping it turns into fact.
What were the 14 computers found paying bills from no accounts (creating money) ?
😸
Just tell me when the IRS is gone
ODIOUS DEBT
Odious debt, also referred to as illegitimate debt, is a legal and moral theory in international law proposing that sovereign debt incurred by a despotic or corrupt regime should not be enforceable against successor governments. Because the funds were not used for the public's benefit, the doctrine argues these are personal obligations of the rulers, not the state.
Wikipedia +2 The Core Criteria For a sovereign debt to be classified as odious, international legal scholars typically require the following three conditions to be met:
Duke Law Scholarship Repository No Public Consent: The debt was incurred by a dictatorial or non-representative government without the consent of the population. No Public Benefit: The borrowed funds were squandered, used for personal enrichment, or actively used to repress the populace rather than for public infrastructure or welfare. Lender Complicity: Creditors were aware (or should have been aware) of the likely illegality of the loan and the regime's misuse of the funds at the time of issuance.
International Monetary Fund | IMF +2 Origins and Modern Status The foundational framework for this theory was synthesized in 1927 by legal scholar Alexander Sack. However, the concept's roots trace back to the 1898 Treaty of Paris, where the United States successfully argued that Cuba should not be responsible for debts imposed by Spain without the consent of the Cuban people.
Brookings +2 While the concept is popular among human rights advocates and debt-relief organizations (such as the CADTM), it remains an aspirational principle rather than a universally codified body of law. Mainstream international law generally mandates that a state's legal obligations survive political transitions. Sovereign debt crises and subsequent repudiations are typically resolved through tailored, case-by-case multilateral negotiations or domestic litigation, rather than a definitive international
I hope so, but something is telling me this is going to be one helluva long and hard fight and may not be won until well after Trump leaves office.
If this doesn't happen before he does leave office, all bets are off as to whether it gets accomplished or not.
Also, whether it was due to fraud or not may not even be relevant. The fact remains that there exists nearly $40T in U.S. debt owned by other entities outside the U.S. And according to Int'l Laws, that debt MUST be paid back. We even had to pay back the debt that the UK Crown Monarchy was owed by The Colonies after the American Revolution, the War of 1812, the U.S. Civil War, and the Reconstruction Period.
I'm not trying to be a black piller here, but let's not get too comfy with the idea that the vast majority of the U.S. Federal Debt can just be wiped out without some major repercussions to the U.S. and global market economies. One of the more concerning repercussions is that we end up having to go to war with the rest of the world over it.
I'm not saying that it will happen that way, or that it's even on the table at this time, but that it's definitely a distance possibility.
Only time will tell...
good point so I looked up how much about $6.5 trillion is owed to other countries, Japan being the largest holder of debt, the UK and China holding under $ 1 trillion each.
China owes the US USA for operating with the deep state for coronavirus, and election deals, and stealing all of our tech for decades back to Clinton.
City of London, financial capital of evil.
Japan, I think we can work with China can pay the USA and the debts owed to other countries can be paid and evened out.
https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/
FEDERAL GOVERNMENT debt! Doesn’t even count all the rest of it!
u/#Happening
Ron Paul has been calling for End The FED for almost two decades now, if not longer!
YES!!
https://nitter.poast.org/i/status/2057081332493074879
Folks still talking about the debt as if it is a bill that needs to be paid. The fraud is and was against the American people when the federal reserve was established and Congress no longer regulates currency as originated. The debt is the amount of money in circulation, federal reserve notes, owned by centralized banking system the Federal Reserve. That currency, US dollar aka federal reserve note is "loaned" to the United States and the United States pays interest on the loaned currency. The debt will never go away until it is re-established that congress regulates currency and removes the use of the Federal Reserve as the owner of the currency we use.
one could wish, one could hope, one could pray
I, and definitely sure plenty of other frens, are 100% doing all 3.
I honestly believe that, given all the fraud that DoGE, and all the revealed fraud in MN and CA, etc, etc, etc, that We, The People should start a class action lawsuit for every nickle (since pennies don't exist anymore) that the IRS owes our families and our selves from its inception in 1913 to present, and that once that accounting and reimbursement has been completed (within a court ordered time limit of less than 3 years) that the IRS should be dissolved as the final act of this lawsuit.
Frogs should push this on every social media platform we are on.
u/#q1102
u/#q1105
interesting, the Treasury can be filled up from some of these class auction suits
Related to exactly why I posted 1105 today ❤️
The people the debt is owed to are very real, including Social Security and private/public pensions. I don't think it is resolved so easily.
Why?
because the Patriots are in control..
Less skeptical than no have been...
On today’s episode of things that will never happen.
We’d never be able to borrow money again. So there’s that.
This guy is an idiot