Who do we owe 30 Trillion to, and what if we told them screw off, we're not paying it? | |
Anonymous Coward User ID: 79986697 United States 03/26/2022 08:34 PM Report Abusive Post Report Copyright Violation | There must be some serious repercussion otherwise TPTB wouldn’t take such great efforts to put us into debt. For one thing - we owe interest on it like we would to a credit card. I think its something like 7%. I’d imagine that on trillions of dollars is approaching a good percentage of GDP.. I’d have to do the calculations. Definitely a large portion of where the countries taxes go I’d imagine. |
Anonymous Coward User ID: 23237785 United States 03/26/2022 08:35 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". I have always said, I owe you a billion dollars, that's my problem. I owe you a trillion dollars, that's your problem. |
Anonymous Coward User ID: 78999204 United States 03/26/2022 08:36 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78897390 United States 03/26/2022 08:36 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77316774 United States 03/26/2022 08:36 PM Report Abusive Post Report Copyright Violation | Lol. You've been Borged into the Debt System. If we stop paying on Fed Debt say good bye to your social security payments, pension payments. Your homeowners and life insurance: GONE All other long term Financial Asset in your portfolios: Pittance. Jefferson wrote: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” That ship sailed a Century ago. That's how dire the situation got while you slept. |
Anonymous Coward User ID: 79986697 United States 03/26/2022 08:37 PM Report Abusive Post Report Copyright Violation | Something along the lines of Greece austerity measures will start happening. Also notice they are making it nearly impossible to leave your country of origin, because they see you as a debtor, of the nation. Debt slaves. Quoting: Anonymous Coward 79137769 You will also notice, America has nothing to show for 30 trillion in debt. That doesn’t include all the spending, we we’re literally robbed and told we must invite the entire 3rd world to pay for it and do the jobs we wont do. All the while, Mexican invaders don’t pay any taxes, besides your typical sales tax and they commit the majority of crime. This is an absolute destruction of the European empire. I dont think we really need to answer who we owe the money too. How did a bank come up with 30 trillion to lend us? This is retarded. what were the austerities? |
Anonymous Coward User ID: 72497887 United States 03/26/2022 08:39 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. President Trump had Private Security intermingled with his Secret Service detail to keep said Secret Service on their toes. A Real President should NEVER Trust the Secret Service or any of the Alphabet Boys. |
Anonymous Coward User ID: 82607776 United States 03/26/2022 08:40 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77958368 Romania 03/26/2022 08:40 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". America is actually the largest parasitic welfare-state in history! Do you know why America is almost bankrupt, and $30 trillion in debt? Which can never be paid back....... Its thanks to the People of Color, parasitizing on White America. America has been fighting wars against the POC since its inception in the 16th century. The Injun wars, the Barbary pirates, the Mexicans, Black revolts, the Japanese, the North Koreans, Vietcong and Middle-Eastern Arabs. America also needs to maintain large numbers of military bases around the world, to prevent the People of Color from misbehaving and attacking suddenly, as the Japs did at Pearl Harbor and the Arabs on 9/11 WTC. Plus subsidizing the huge population of POC living inside America, with affirmative-action, handouts. diversity hiring, housing and health benefits. In addition, millions of jobs and technology are being stolen by Chinese and East Indians, through outsourcing and H1B visas. Together with the added expense of maintaining law and order and preventing crime by the Black gangs and Mexican cartels. And trying to prevent hordes of POC immigrants from gatecrashing through the borders constantly. The fear of the imaginary NWO, Big Brother, Deep State, and Communism are red-herrings and decoys used by the POC, in their take over of White countries. Such a huge pressure and drain on resources exerted by the POC on White America, is resulting in the rapid collapse of the country! |
Dustybunny
User ID: 80153846 United States 03/26/2022 08:41 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80461562 United States 03/26/2022 08:42 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 82219289 Yes and no. America has a great infrastructure and yes we have minerals, but that is not what a fractional reserve is based on. If there is a reset it's whoever resets it gets to claim whatever comes next. Analogy: The last election was clearly BS any person with any reason understands Biden didn't get 80 million votes, yet the country is so apathetic that now he is the standing president. The US is very apathetic, so TPTB understands this so if there is a reset they will offer people something on their savings, 401k, government pensions will take an absolute beating because they have too big of payroll to cover that when things reset. SS will remain around the same. It will be similar with a great reset, they'll give people that have huge savings 20 cents on their dollar, and those in debt half off, but all the while still maintaining the new fractional reserve system. All fiat systems are 100% based on people's sweat equity and indenturing their time. This is fractional reserve 101. |
Anonymous Coward User ID: 82219289 United States 03/26/2022 08:45 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. It’s a damn good system because it isn’t that hard to figure out how to make it work for you. Just don’t get greedy and try to get ahead to fast and end up being a statistic in the debt system. Someone or an entity will alway be on top. It’s how they rule that is the difference. There are also the things that they suppress that could topple the machine. Keep a watchful eye on history and the path we are on because a good thing never lasts to long. |
Anonymous Coward User ID: 79986697 United States 03/26/2022 08:46 PM Report Abusive Post Report Copyright Violation | From 1971 book None Dare Call it Conspiracy - “ Where do governments get the enormous amounts of money they need? Most, of course, comes from taxation; but governments often spend more than they are willing to tax from their citizens and so are forced to borrow. Our national debt is now $455 billion on every cent of it borrowed at interest from somewhere. The public is led to believe that our government borrows from "the people" through savings bonds. Actually, only the smallest percentage of the national debt is held by individuals in this form. Most government bonds, except those owned by the government itself through its trust funds, are held by vast banking firms known as international banks. For centuries there has been big money to be made by international bankers in the financing of governments and kings. Such operators are faced, however, with certain thorny problems. We know that smaller banking operations protect themselves by taking collateral, but what kind of collateral can you get from a government or a king? What if the banker comes to collect and the king says, "Off with his head"? The process through which one collects a debt from a government or a monarch is not a subject taught in the business schools of our universities, and most of us-never having been in the business of financing kings-have not given the problem much thought But there is a king-financing business and to those who can ensure collection it is lucrative indeed. Economics Professor Stuart Crane notes that there are two means used to collateralize loans to governments and kings. Whenever a business firm borrows big money its creditor obtains a voice in management to protect his investment. Like a business, no government can borrow big money unless willing to surrender to the creditor some measure of sovereignty as collateral. Certainly international bankers who have loaned hundred' of billions of dollars to governments around the work command considerable influence in the policies of such governments.” |
Anonymous Coward User ID: 79986697 United States 03/26/2022 08:47 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80461562 United States 03/26/2022 08:47 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78399263 Netherlands 03/26/2022 08:51 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". America is actually the largest parasitic welfare-state in history! Do you know why America is almost bankrupt, and $30 trillion in debt? Which can never be paid back....... Its thanks to the People of Color, parasitizing on White America. America has been fighting wars against the POC since its inception in the 16th century. The Injun wars, the Barbary pirates, the Mexicans, Black revolts, the Japanese, the North Koreans, Vietcong and Middle-Eastern Arabs. America also needs to maintain large numbers of military bases around the world, to prevent the People of Color from misbehaving and attacking suddenly, as the Japs did at Pearl Harbor and the Arabs on 9/11 WTC. Plus subsidizing the huge population of POC living inside America, with affirmative-action, handouts. diversity hiring, housing and health benefits. In addition, millions of jobs and technology are being stolen by Chinese and East Indians, through outsourcing and H1B visas. Together with the added expense of maintaining law and order and preventing crime by the Black gangs and Mexican cartels. And trying to prevent hordes of POC immigrants from gatecrashing through the borders constantly. The fear of the imaginary NWO, Big Brother, Deep State, and Communism are red-herrings and decoys used by the POC, in their take over of White countries. Such a huge pressure and drain on resources exerted by the POC on White America, is resulting in the rapid collapse of the country! Mamma mia, I agree! The non-white are the big leechers, trouble-makers and also bring diseases that kill whites. We are having very big problem with Black gangs, Arabs and Muslims, Chinese. |
Anonymous Coward User ID: 75025948 United States 03/26/2022 08:51 PM Report Abusive Post Report Copyright Violation | [link to youtu.be (secure)] Natalie Jaresko last words on the Bankruptsy Deal with Bondholders.. This Will Happened To All of You! Sad bro! Time to Pay! |
Anonymous Coward User ID: 79144341 United States 03/26/2022 08:51 PM Report Abusive Post Report Copyright Violation | It was a scam from the beginning and is why the satanic Fed was created. Debt numbers are meaningless, their mission was to confiscate the wealth of the people and build their own little breakaway civilization then let it all crash. |
Nonentity
User ID: 80893397 United States 03/26/2022 08:52 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72889037 United Kingdom 03/26/2022 08:55 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 74585553 United States 03/26/2022 08:58 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80128305 United States 03/26/2022 09:08 PM Report Abusive Post Report Copyright Violation | A lot worse... If we don't pay the minimum amount, which is the interest on the debt, then we go into default... Imagine if we don't pay anything. Have you ever gone through Bankruptcy... The US Fiat Dollar would lose it's reserve currency. That means no more printing money out of thin air. Then the dollar collapses in value with the cost of goods going into hyper-inflation. Then our credit would be bad, therefore countries would not trade with us. They might accept Gold. Do we have anymore. We would go into a very deep depression. Remember, FDR confiscated all the private gold in the last depression... Finally, our country would look like a third world country with mass chaos and civil unrest... So, it will get a lot worse if we don't pay... You can not pretend to lead th free world and carry so much debt. You can not lead a NWO if you can’t support any other Nation and are up to your eyeballs in Debt. Biden has to turn the economy around or lose it all. Guess which direction he is headed? Bonehead Biden who son invested heavily in creating bio labs for the military industrial complex, is so Compromised he can’t do anything but be lead around by hoodlums trying to steal a Nation...our nation. |
Anonymous Coward User ID: 74188452 United States 03/26/2022 09:10 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". WE ARE NEVER PAYING IT BACK FUCK CHINA AND JAPAN They are going the RESET... Gates Coronavirus Patent WO2020-060606 (666) “Cryptocurrency & Body Activity Data” Revelation 13:15-16..., Without that Covid Injection series, NO BUYING & SELLING 30 Trillion in DEBT will wipe away in some type of agreement that is incredibly evil. Meanwhile the US tossed BILLIONS to Ukraine!! Of course you can make only a low wage at poverty level & they still tax you because they hate, murder, steal & destroy. |
Anonymous Coward User ID: 78931724 United States 03/26/2022 09:13 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". ... ... ... The treasury should mint a 30 trillion dollar coin made from tin and a hershey kiss wrapper and pay the reserve off. If they don't like it we can send the Marines to arrest them. |
PlainSightHider
User ID: 82259973 Brazil 03/26/2022 09:20 PM Report Abusive Post Report Copyright Violation | From 1971 book None Dare Call it Conspiracy - Quoting: Anonymous Coward 79986697 “ Where do governments get the enormous amounts of money they need? Most, of course, comes from taxation; but governments often spend more than they are willing to tax from their citizens and so are forced to borrow. Our national debt is now $455 billion on every cent of it borrowed at interest from somewhere. The public is led to believe that our government borrows from "the people" through savings bonds. Actually, only the smallest percentage of the national debt is held by individuals in this form. Most government bonds, except those owned by the government itself through its trust funds, are held by vast banking firms known as international banks. For centuries there has been big money to be made by international bankers in the financing of governments and kings. Such operators are faced, however, with certain thorny problems. We know that smaller banking operations protect themselves by taking collateral, but what kind of collateral can you get from a government or a king? What if the banker comes to collect and the king says, "Off with his head"? The process through which one collects a debt from a government or a monarch is not a subject taught in the business schools of our universities, and most of us-never having been in the business of financing kings-have not given the problem much thought But there is a king-financing business and to those who can ensure collection it is lucrative indeed. Economics Professor Stuart Crane notes that there are two means used to collateralize loans to governments and kings. Whenever a business firm borrows big money its creditor obtains a voice in management to protect his investment. Like a business, no government can borrow big money unless willing to surrender to the creditor some measure of sovereignty as collateral. Certainly international bankers who have loaned hundred' of billions of dollars to governments around the work command considerable influence in the policies of such governments.” |
Anonymous Coward User ID: 74141768 United States 03/26/2022 09:21 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. ^bingo^ These guys get it. Ever-increasing debt. The entire world economy is a Ponzi scheme revolving around The Fed. And it's about to collapse. |
Anonymous Coward User ID: 74158168 United States 03/26/2022 09:22 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79707302 United States 03/26/2022 09:23 PM Report Abusive Post Report Copyright Violation | Our public debt is simply our government borrowing from the US Federal Reserve who prints fiat money out of thin air. The problem is our government has sold bonds to other nations across the world to the tune of trillions of dollars. If we defaulted on our debt, it means those bonds being held by other nations instantly become worthless and a total collapse of the world financial system would result. |
Anonymous Coward User ID: 81583677 United States 03/26/2022 09:29 PM Report Abusive Post Report Copyright Violation | |
Happy in Nature
User ID: 81071993 Nicaragua 03/26/2022 09:38 PM Report Abusive Post Report Copyright Violation | Foreign holders of US debt would have access to oil and mining rights, water, land, etc. All debt is collateralized with domestic assets, but only foreign bondholders (governments and corporations) may claim the assets. THis happened when US went off the gold standard. This happened to Argentina twice. Of course we could tell these foreign governments and corporations that we the people do not acknowledge the debt. If the Republic disbanded and a new nation was created, then legally the foreign bondholders would have no claim in international courts. It takes a revolution, though. It also would make all crypto currency worthless, becasue the new government could prohibit currency conversion of a new dollar. |