Who do we owe 30 Trillion to, and what if we told them screw off, we're not paying it? | |
Anonymous Coward User ID: 82615793 India 03/27/2022 10:29 AM Report Abusive Post Report Copyright Violation | |
CUB4DK
User ID: 81482905 Canada 03/27/2022 10:33 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82615781 United States 03/27/2022 10:35 AM 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". Well, seeing as a note is an obligation of the issuer, or a promise to pay (IOU). It would appear that the Federal Reserve actually owes us. I would start from there. |
CUB4DK
User ID: 81482905 Canada 03/27/2022 10:42 AM 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". Well, seeing as a note is an obligation of the issuer, or a promise to pay (IOU). It would appear that the Federal Reserve actually owes us. I would start from there. After all other nations and countries are paid reparations,Doc. Who knows how much will be left in the coffers for you, however UBI will save your Ass, Doc. CUB4DK |
Anonymous Coward User ID: 69057032 United States 03/27/2022 10:47 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82277228 Brazil 03/27/2022 11:06 AM 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". Well, seeing as a note is an obligation of the issuer, or a promise to pay (IOU). It would appear that the Federal Reserve actually owes us. I would start from there. You got that backwards in this case. A Federal Reserve note is an ASSET to the Federal Reserve Bank - the issuer - it is a liability but but nonetheless an Asset - the only asset they create - DEBT OWED TO THEM. Every dollar you posess is an OBLIGATION of the United States to repay that dollar to the FEDERAL RESERVE BANK. |
Anonymous Coward User ID: 82277228 Brazil 03/27/2022 11:08 AM Report Abusive Post Report Copyright Violation | Unsecured debt (good faith) is just that, nothing. Print it until no one takes it. Digital is the biggest scam, unsecured electrical digits in a cyber world. Ha, prepare to die because lunatics run the show. Quoting: Anonymous Coward 69057032 Feseral Reserve issued debt is far from unsecured. It is secured by their representatives holding a majority of positions on the board of directors the corporation that is the USA. |
Anonymous Coward User ID: 72589424 United States 03/27/2022 11:12 AM Report Abusive Post Report Copyright Violation | |
tamaracks User ID: 82351525 United States 03/27/2022 11:19 AM Report Abusive Post Report Copyright Violation | The entire money supply of the USA and every country on Earth is comprised of debt owed to someone else. Quoting: HYpEr7l9Er Been like this for all of recorded history all over the planet. That is why money circulates because you all are in debt to everyone. If all the debts were paid there would be no money in circulation. True now with fiat money but not money tied to gold. They were gold certificates to retrieve your gold from safekeeping on demand. And a certain group of people realized not everybody would come get their money at once so they could lend that other people and keep a gigantic cut by just sitting on their asses doing nothing Yes, fiat money is prone to corruption, however precious metals have a serious problem too; the environmental impact of mining and processing is enormous. The impact on the environment is a hidden debt that needs to be addressed by the proponents of the mining industry. |
T-Man
Entitled title User ID: 78270630 Netherlands 03/27/2022 12:32 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79901725 Luxembourg 03/27/2022 12:47 PM Report Abusive Post Report Copyright Violation | We owe 30 trillion to the fed and if we told them to screw off, they'd start WWIII against the U.S. I imagine they would rally up the EU and whatever forces they could muster to wage war. I say, grab your guns. |
Anonymous Coward User ID: 82604766 Pakistan 03/27/2022 12:51 PM Report Abusive Post Report Copyright Violation | You are smart OP, because the debt is FAKE! Every country has debt, the banking cartel make sure of that - and it is ALL owed to the international bankers who OWN the central banks. FIAT money is a control mechanism based on creating debt. All FIAT money is created through debt. The entire 'you got to pay your way' ideology has been warped from self empowerment to debt servitude and people just suck it up. |
Anonymous Coward User ID: 22577783 Canada 03/23/2024 12:30 PM Report Abusive Post Report Copyright Violation | That isn't going to work like the think-tanks 20 years ago thought it would. There's a new sheriff in town. You wont do shit Your paradigm is done. In your face. In real time. Arbitrage gets closed. As is the driver of technology. Realization revs its engine. |