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Is this the problem with our National Debt?
Our debt is based on how much our Government borrows to pay its bills (budget deficit) and the interest owed on that debt. The constant borrowing (selling worthless bonds to banks where they pay them off by borrowing more money (selling more bonds)) of our Government is the problem. We have to take away the borrowing power of the Government with a "Balanced Budget Amendment". It's a political nightmare to take away "entitlements" written into our laws, but the problem can be solved by dissolving our Federal Reserve Banking System. Our national banks have been complicit in running up our debts by using "fractional reserve lending" in buying U.S. Bonds in funding our governmental debt. This why many monetary elites are heavily invested in banks (many democrats - this is why they like Government debt). Our Constitution has their interest payments guaranteed in "The Federal Reserve Act of 1913". It seems very complicated, but once you understand how "fractional reserve lending" works, the scam will reveal itself. Wall Street is directly tied to our banking system. These people just sit on their bums figuring out ways to manipulate dollars in a way to make a profit and most of it revolves around our debt and creating more of it.
It will also help you to understand this when it is revealed that our income taxes (both corporate and personal) are directly tied to our debt. This is how the borrowing of our Federal Government is secured. The income tax laws are directly tied to and guarantee the payment of our debt to banks (bond holders) and is written into our Constitution. It's very screwed up and needs to be abolished and we need to start printing "United States Dollars" instead of "Federal Reserve Notes" and give back the power of controlling our money supply to our Congress instead of leaving it to the Federal Reserve Banking System (a privately owned Corporation with stockholders - i.e. mainly National Banks). North Dakota has an existing model of how our banking system should work and there are many States presenting State Constitutional Amendments to change to that very system of banking.
$272 billion was paid to banks with the Government's debt interest payment last year while our national debt increased by $1 trillion. Do you see a problem here?
If you watch "The Money Masters" (you can find it on YouTube by name) it will give you a much better understanding of how our debt-based monetary system came to be. "Usury" was against the law many years ago. It meant that a lender had monetary control over a borrower and was considered oppressive to the common person. It (usury) gave the right of the lender to control the life of the borrower.
Is this an honest explanation of our problem and its solution?
Chewy Ivan 2 - Your understanding of our monetary system is what many of you uneducated democrats believe. When you learn to differentiate the difference between "monetary elites" (the ones who control the money supply by providing debt service to our Government and its people) and actual corporations who provide products and services for people, only then will you understand what I am talking about. It's the biggest and most prevalent difference between a republican and a democrat. You seem to think that democrats have no bearing on our monetary system. You will find that many Elite Democrats hold stock in financial institutions. I hope you take off those blinders soon and investigate what I am saying.
4 Answers
- Anonymous8 years agoFavorite Answer
Almost 17 trillion in debt? Over 400 billion every year in interest payments?
Banks and Government borrowing are the problem. Abolish the Federal Reserve Act of 1913!
- Anonymous5 years ago
i'm constructive liberals and conservatives think of related to the debt. The devil is interior the fixes. I certainly seem on the protection stress as between the main important drivers of our national debt over the long-term. Now I understand that to a pair volume the protection stress is likewise a motive force of the economic equipment,yet on stability it expenditures plenty extra advantageous than it advantages us via stimulating financial strengthen. Your insistence that tax sales isn't a ingredient is ridiculous. Are you insisting that liberals could settle for trickle down economics considering you do? the persistent tax reducing that Republicans recommend is a balanced funds killer. component of the subject interior the present run up of the debt is obviously the certainty that unemployment is severe and wages are depressed via the lingering financial uncertainty. that's a vicious cycle that would not lend itself to person-friendly fixes. the main important concept I hear coming from Republicans is to alter the tax code and a few how the decreased sales will miraculously restoration the deficit spending. it extremely is bogus thinking.
- Chewy Ivan 2Lv 78 years ago
No. The problem with our National Debt is that paranoid conservatives and libertarians are so scared that it might hurt our economic growth a decade or two from now that they are hurting our economic growth now just to try to balance budgets. Persistent unemployment is more dangerous to our country's future than the Debt. We should spend more now to help more Americans get back to work so we can have the tax revenue base capable of actually paying down our Debt in the future. Trying to balance budgets now is just shooting ourselves in the foot.
- Dave87gnLv 78 years ago
yes, but to sum up..OUR monetary system is run by the crooks at the federal reserve...they know what they're doing basically, enslaving us in debt ( transferrring wealth to the rich) while also keeping the cash cow govt solvent