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Thread: Why don't we simply CANCEL/REPUDIATE the National Debt?

  1. #31

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    Quote Originally Posted by Zippyjuan View Post
    $4.5 trillion is the total assets the Fed holds- that includes several things as well as Treasuries and Mortgage Backed Securities. $2.46 trillion of it is in the form of US Treasuries. https://www.federalreserve.gov/relea...urrent/h41.htm
    Got it, thanks!
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    The Truth About Central Banking and Business Cycles
    http://www.youtube.com/watch?v=YaxIPPMR3fI#t=186



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  3. #32

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    Quote Originally Posted by DamianTV View Post
    Politicians are addicted to the Debt Machine like a Housewife of (<insert city>) is addicted to using a credit card to buy shoes.
    1) I dislike the comparison. The US government is not a household...households do not issue their own currency.

    2) Politicians aren't great, but the electorate is no treat either. Politicians used debt to give us all the things we asked for without raising taxes.

  4. #33
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    ...nobody talks about WHO controls money...its creation/issuance...ime, most people wrongly believe 'the FEDERAL government' creates/issues the money...(after all, it's the FEDERAL reserve...and/or the FEDERAL treasury... right?)

    ...the honest, intelligent debate will focus on the WHO...and HOW...not the WHAT...in some stoooooooopid [bankster] gold scheme vs. some [bankster] 'paper' scheme debate...ugh...
    Last edited by H. E. Panqui; 03-15-2017 at 08:29 PM.

  5. #34

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    We'd have to repeal section 4 of the 14th amendment.

    Section 4.

    The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
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  6. #35

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    Irony. The Corporate "Government" established around the the time of the 14A was an insurrection.

  7. #36

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    Every time we control the price of interest we are cancelling debt. When we devalue the dollar we repudiate debt. When we appropriate more money then what comes in we repudiate debt. We do lots of stuff to cancel debt, we don't even make payments on our debt which is a way of cancelling debt. The main reason why we don't do it is because it is like paying off credit cards with credit cards, it only really helps if it gives you a better interest rate, which in this scenario we are more likely to get worse rates if we tried to "cancel" too much more debt.

  8. #37

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    Quote Originally Posted by Son_of_Liberty90 View Post
    Who said "The Elimination of Privacy is the Architecture of Genocide"?

    And wouldnt the correct term be "Democide" vs genocide?
    Who said it? I did.

    Genocide would be the freedom loving american people, not the replacements they are importing, so I believe it is genocide.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintian an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    You are Ron Paul's Media!

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  9. #38

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    The Constitution says the US govt can't repudiate its debt.

    Congress could dissolve the Federa Reserve, which would write down a lot of debt. You can't owe money to something that doesn't exist.

  10. #39

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    Quote Originally Posted by Dr.No. View Post
    I dislike the comparison. The US government is not a household...households do not issue their own currency.

    The US government hasn't really issued its own currency in 100 years. The Federal Reserve issues currency. JFK had the US Treasury issue a little bit of paper currency and the banksters shot him in the head.

    The only currency actually issued by the US govt are coins produced by the US Mint.

  11. #40
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    Quote Originally Posted by nikcers View Post
    Every time we control the price of interest we are cancelling debt. When we devalue the dollar we repudiate debt. When we appropriate more money then what comes in we repudiate debt. We do lots of stuff to cancel debt, we don't even make payments on our debt which is a way of cancelling debt. The main reason why we don't do it is because it is like paying off credit cards with credit cards, it only really helps if it gives you a better interest rate, which in this scenario we are more likely to get worse rates if we tried to "cancel" too much more debt.
    as one wag put it,

    “If all bank loans were paid, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation.

    This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent monetary system.

    When one gets a complete grasp upon this picture, the tragic absurdity of our helpless position is almost incredible–but there it is.”



  12. #41

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    Quote Originally Posted by H. E. Panqui View Post
    as one wag put it,

    “If all bank loans were paid, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation.

    This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent monetary system.

    When one gets a complete grasp upon this picture, the tragic absurdity of our helpless position is almost incredible–but there it is.”

    It's more then that really, our currency isn't really the US dollar. The united states doesn't print currency, we print debt, the federal reserve prints the "worlds currency". The currency we print is debt. It's not that -20 trillion dollars has a negative value, it has a positive value in real market terms because we can monetize negative dollars and trade them for goods and services. It's not that globalism and a world currency is around the corner, we have been living it since the cold war.

  13. #42
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    nickers asserts: "It's more then (sic) that really, our currency isn't really the US dollar. The united states doesn't print currency, we print debt, the federal reserve prints the "worlds currency".

    ...semantics aside...the 'money' that you and i use daily to 'pay taxes,' purchase gasoline, food and virtually everthing else is created by private commercial banks using a fraudulent accounting practice monetary realists term 'fractional reserve deposit creation'...you understand that, right?... [i'll forgive you if you don't understand...NOBODY in my lifetime has undertaken to honestly and PUBLICLY explain this hideous fraud]

  14. #43

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    Quote Originally Posted by DamianTV View Post
    Who said it? I did.

    Genocide would be the freedom loving american people, not the replacements they are importing, so I believe it is genocide.
    I see so genocide doesnt just refer to mass killing of a people?

  15. #44

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    Quote Originally Posted by Son_of_Liberty90 View Post
    I see so genocide doesnt just refer to mass killing of a people?
    Slow kill is still killing off whitey. Mostly tho, quote is about Privacy as every single thing about a person or group can be used against them. Remember the Jews, nothing illegal or immoral about being jewish. Next time around the genocide will be of liberty minded people and any who oppose the almighty state. So there you go.

    Sorry to keep thread derailed.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintian an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    You are Ron Paul's Media!

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  16. #45

    Thumbs up

    Quote Originally Posted by Jamesiv1 View Post
    Intentionally inserting subtle claims about sculptures in a discussion about the debt only undermines your credibility.
    - SUPPORT FREE TRADE, SMUGGLE -

    2 + 2 = 5.

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