Who do we owe 30 Trillion to, and what if we told them screw off, we're not paying it? | |
Anonymous Coward User ID: 82597837 Hungary 03/26/2022 08:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79889820 Canada 03/26/2022 08:07 PM Report Abusive Post Report Copyright Violation | Other nations have defaulted many times throughout history and the world didn't end. Quoting: Anonymous Coward 79889820 It is going to happen anyway. Only a completely stupid person would say something like that. Every country that has defaulted on debt has created high inflation and a reduction in public services, jobs and wages. It's called reality and it doesn't change simply because you don't like it. The United States CANNOT pay back the debt. It is simply too large. So they either inflate their currency destroying citizen wealth and small businesses or they default. It is going to be bad either way but a default preserves enough of the nations productive force to recover. |
Anonymous Coward User ID: 76408874 Puerto Rico 03/26/2022 08:07 PM Report Abusive Post Report Copyright Violation | Hey Bro, I post this in a Other Thread! We made History with the First USA Jurisdicción in Default! You must pay this dick.heads! Bloomberg Puerto Rico Bankruptsy! [link to youtu.be (secure)] Sad dude! Tax not used in a Correct Smart Way! |
Anonymous Coward User ID: 73229182 United States 03/26/2022 08:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 32577701 United States 03/26/2022 08:10 PM Report Abusive Post Report Copyright Violation | Have you been to the supermarket or a gas station lately? Hyperinflation has already started and it's going to get REALLY ugly over the next 10-20 years. How can the U.S. be 37 TRILLION in debt AND have hyperinflation? Something has to give, right? |
Anonymous Coward User ID: 80559717 United Kingdom 03/26/2022 08:12 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 50472317 United Kingdom 03/26/2022 08:12 PM Report Abusive Post Report Copyright Violation | |
Turd Ferguson, Jr.
User ID: 51522520 United States 03/26/2022 08:15 PM Report Abusive Post Report Copyright Violation | Yep. I think the Social Security Administration holds the largest amount of debt, unless the Federal Reserve has taken first place. Then there's Medicare, Federal Employees pension fund, Military pension fund, a buttload of state and municipal pension funds. You forgot about bank deposits, when someone deposits some amount in a Bank, the Bank buys Government Bonds with that money, this finances the public deficit, in fact the depositor is lending this money to the Government and expects to redeem it as soon as he needs it ... That is an astute observation. For those who don't know exactly what the national debt is, the Treasury sells Treasury notes which are basically IOUs that mature after a certain period of time, like savings bonds. That's how the government can spend twice as much money every year than it receives in tax revenues. These federal pension and insurance funds have their own revenue streams separate from the general budget so they can act like independent entities even though they're not. Some describe it as a Ponzi scheme or "robbing from Peter to pay Paul." Really it's more like check kiting on a massive scale. But when the government does it it's legal. |
GT Big hair
User ID: 6244049 United States 03/26/2022 08:17 PM Report Abusive Post Report Copyright Violation | I know to many of you very smart people this may sound very stupid, I apologize. I just don't have any idea. Quoting: rod777 I do know someone has been taking advantage of the American people for a very long time. So what would happen if we told these people... "We are cancelling our debt to you today. You have made enough money off of us. We owe you nothing". ...'cept that is exactly what they want! they are even telling you what it is... a new world mindf*ck... YOU WILL OWN NOTHING, AND YOU WILL BE HAPPY! THE CURRENCY WILL BE DIGITAL... THEY WILL CONTROL IT... hence, THEY WILL CONTROL YOU! now, tell us how you feel about that... even Putes knows... GT Big hair...yep and Amen. |
Anonymous Coward User ID: 82509489 United States 03/26/2022 08:18 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79889820 Canada 03/26/2022 08:18 PM Report Abusive Post Report Copyright Violation | It's not going to be payed back. |
Anonymous Coward User ID: 72497887 United States 03/26/2022 08:19 PM Report Abusive Post Report Copyright Violation | We need a President with enough Balls to tell the Federal Reserve "Tomorow every American will know what you have done. Best pack your shit and GTFO of this Great Nation Tonight." Nationalize whatever is left of the Federal Reserve. Start a Gold Backed currency and get ready for War. The Money Changers will fund Armies to bring it to our land. They intended to "Foreclose" on the USA, and they will do whatever it takes to get what they are owed. All Wars are Bankers Wars. |
Anonymous Coward User ID: 80461562 United States 03/26/2022 08:19 PM Report Abusive Post Report Copyright Violation | We owe it to the Federal Reserve Bank. Quoting: PlainSightHider And it isnt intended to be paid back. And what they will do is exactly what they are doing & will continue to do. Which is inflate the currency which they create & you work for, and borrow & is borrowed on your behalf by your government. The goal is to create a two tiered society of elite masters and a servant class of debt slaves. Individual slaves & nation slaves. And to own all the Earths resources & commodities and control all aspects of peasant class life. And that is what they will do & are doing. And it doesn't matter if "we" pay them back. They know "we" can't pay them back, they don't care. The better question is ...who is this "we" you refer to? The American people? Their government? You do understand that the Federal Reserve IS your government, and your "elected" officials will do their bidding. Dont think so? Think about this for a second: The Central Banks literally print the currency you exchange your time & labor for. They have a monopoly on this currency and it is required for most transactions in your life. They determine how much of this currency gets printed into existence out of thin air as well as the interest rates it is loaned out at. Imagine having the power to create "dollars" out of nothing but a promise by a government to repay you for loaning this money to them. Then requiring individual people to be tied to that debt if they want to purchase a home, automobile or anything they must finance. Debt slaves. Nation slaves. Individual slaves. On top of all that, the Federal Reserve uses this very currency, which they magically created and is backed by nothing but a hollow promise from a puppet government....to purchase 40 BILLION DOLLARS PER MONTH in mortgage backed securities as well as billions of other asset classes on the open market. And your "elected" representatives gladly oblige them in this mechanism. Now, why do you think that is? I hope this answers your question satisfactorily OP. If youd like further clarification, please let us know. You're one of the few that actually understand what's going on financially. What amazes me is the feds (Private Bankers) never hid any of this and its general knowledge is available and verifiable via the library of congress. Indenturing sweat equity of as many people they can get via their system for worthless printed paper out of nothing. The problem is most people's egos won't let them believe this because they've traded their lives, time all for a paper that's basically created out of nothing. |
Anonymous Coward User ID: 82389278 Turkey 03/26/2022 08:20 PM Report Abusive Post Report Copyright Violation | I know to many of you very smart people this may sound very stupid, I apologize. I just don't have any idea. Quoting: rod777 I do know someone has been taking advantage of the American people for a very long time. So what would happen if we told these people... "We are cancelling our debt to you today. You have made enough money off of us. We owe you nothing". Wait a minute. You borrowed 30T and refuse to pay it back? Then you have defaulted on your loan and your assests should be siezed. Isn’t that how Capitalism works. Otherwise your just Deadbeat Welchers. See you in HE double toothpicks! |
Idaho Potato
User ID: 82264437 United States 03/26/2022 08:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80461562 United States 03/26/2022 08:22 PM Report Abusive Post Report Copyright Violation | |
StopsniffinmeBrandon
User ID: 80068884 United States 03/26/2022 08:23 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82433753 United States 03/26/2022 08:26 PM Report Abusive Post Report Copyright Violation | We need a President with enough Balls to tell the Federal Reserve "Tomorow every American will know what you have done. Best pack your shit and GTFO of this Great Nation Tonight." Quoting: Anonymous Coward 72497887 Nationalize whatever is left of the Federal Reserve. Start a Gold Backed currency and get ready for War. The Money Changers will fund Armies to bring it to our land. They intended to "Foreclose" on the USA, and they will do whatever it takes to get what they are owed. All Wars are Bankers Wars. You should go read about JFK. That was a pretty clear message to any future president as to who is really in charge. |
Anonymous Coward User ID: 71614363 United Kingdom 03/26/2022 08:27 PM Report Abusive Post Report Copyright Violation | I know to many of you very smart people this may sound very stupid, I apologize. I just don't have any idea. Quoting: rod777 I do know someone has been taking advantage of the American people for a very long time. So what would happen if we told these people... "We are cancelling our debt to you today. You have made enough money off of us. We owe you nothing". It would be America's mistake at this point honestly, half the world is already pissed at us and the other half are getting there. finally noticing you're biting off more than you could possibly chew? |
Voltaire, the keeper of CKP User ID: 82548404 United Kingdom 03/26/2022 08:29 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82219289 United States 03/26/2022 08:29 PM Report Abusive Post Report Copyright Violation | I know to many of you very smart people this may sound very stupid, I apologize. I just don't have any idea. Quoting: rod777 I do know someone has been taking advantage of the American people for a very long time. So what would happen if we told these people... "We are cancelling our debt to you today. You have made enough money off of us. We owe you nothing". Our national parks are collateral, among other things. Fiat currency is based on nothing, however, it's attached to petro. If the feds were to reset everything they could literally wipe the debt overnight and then reset everything to zero. Nothing anyone could do either. So many people trade their time for paper money yet do not understand how it even works or what backs the US dollar. Watch the vid I posted, you'll learn a lot. Just off the top of my head I would say a countries currency is worth what their minerals and commodities are valued at on the world market. If you have what everyone else has you can demand more for it. If we reset everything, it would all resort back to the basics. Precious metals will always be worth a set amount because of the amount of labor it is equil to and will always trade worldwide the same. As far as America goes we are sitting pretty good for a reason. Everyone wants to be us but they can’t, period. |
Anonymous Coward User ID: 82530773 United States 03/26/2022 08:30 PM Report Abusive Post Report Copyright Violation | I know to many of you very smart people this may sound very stupid, I apologize. I just don't have any idea. Quoting: rod777 I do know someone has been taking advantage of the American people for a very long time. So what would happen if we told these people... "We are cancelling our debt to you today. You have made enough money off of us. We owe you nothing". It would be America's mistake at this point honestly, half the world is already pissed at us and the other half are getting there. finally noticing you're biting off more than you could possibly chew? I've never been for any of these wars. Trade not sanctions. Ron Paul the best president we never had. |
Aint Scared User ID: 77373045 United States 03/26/2022 08:31 PM Report Abusive Post Report Copyright Violation | well its simple we dont nor will we owe anything they havent insured (us) their property the minutes our birth certificates were filed with the corporation of america take out your social security cards and notice your name appears in capital letter signifying you are a corporation the used your parents consent on signing you birth certificate to create a trust in your name which by now is worth millions and sold like stock of the people born in mississippi on the day i was born that stock is worth roughly 5 million a piece what ever debt they claim we as a country have is guaranteed upon our death and whoever owns that trust collects it ie the corporation of america |
Anonymous Coward User ID: 79137769 Poland 03/26/2022 08:32 PM Report Abusive Post Report Copyright Violation | They say that China "owns much of our debt" but what does that really mean when there is NOTHING FEDERAL ABOUT THE FEDERAL RESERVE?!? And who cares if we don't pay back the money to The Fed? What the hell are they gonna do about it?!? Quoting: Anonymous Coward 44883436 They created the fake covid pandemic and had us locked in our homes, banned us from travel. Now they are starting WW3, they are going to suck every last ounce of blood out of our foreskin. |
Anonymous Coward User ID: 82133486 United States 03/26/2022 08:32 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 81138215 United States 03/26/2022 08:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 81138215 United States 03/26/2022 08:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77373045 United States 03/26/2022 08:33 PM Report Abusive Post Report Copyright Violation | well its simple we dont nor will we owe anything they havent insured (us) their property the minutes our birth certificates were filed with the corporation of america take out your social security cards and notice your name appears in capital letter signifying you are a corporation the used your parents consent on signing you birth certificate to create a trust in your name which by now is worth millions and sold like stock of the people born in mississippi on the day i was born that stock is worth roughly 5 million a piece what ever debt they claim we as a country have is guaranteed upon our death and whoever owns that trust collects it ie the corporation of america Quoting: Aint Scared 77373045 look up straw man |
Anonymous Coward User ID: 82607776 United States 03/26/2022 08:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 73063075 United States 03/26/2022 08:33 PM Report Abusive Post Report Copyright Violation | |