I have posted about the National Debt many times, over the years and I am still of the same opinion. If you go to a lender, they give you money and charge you interest. You must payback both sums. In Economics this is called buying money, get it? You are just buying a chain link, in the barter system.
National Debt supposedly works in the same way but it don't. Now you can go to your lender and say that things are tight. The budgie fell off it's perch or whatever. The lender will look up how much that your assets are worth and say ok, but we want more interest or no way, we want your house!! What can lenders do to a country? Get the blue pencil out and annexe Manhatten Island, in full and final settlement!!! So lending goes up based on the value of land which really cannot be grabbed.
America cannot pay the principle, that's the first bit and it is becoming difficult for them to even pay the interest. So they print and sell Treasury Bonds with crazy interest rates going to the buyer after 20 or more years. The hope is that Auntie pops her clogs and the trunk in the attic is burned. It is a con.
America borrows and buys stuff at today's prices but never ever repays. I'll have 50 lemons, oops sorry F 35 fighters. Certainly, cash only!! The computers whirr and non-existant money passes from Government to lemonade stall. The Government is charged interest of whatever say 2% I know not.!
They got the lemons, they 'paid' market price, which is quotation price multiplied by about 15 and everybody parties and sings ' If I ruled the World.
When interest payment time arrives the Government pays 2% so they are buying lemons for 2 dollars on the100 Now that's good economics.Oh your tax money pays!!! joke. That goes to the IRS and is sent to the English crown for payment of leasing land still owned by uk upon which America is built. America may have won the War but England never sold them the land. Look up Louisiana purchase to see the French deal. Another part of your tax money goes to the Vatican, as a payment to keep America a Christian country.
Its a con and new mugs fall int step, every day, brainwashed in schools and universities. They just believe and never question. The information is there, in dusty old books, which nobody reads, hidden in badly lit corners, on top and bottom shelves, of serious libraries. Go check it out!
National Debt supposedly works in the same way but it don't. Now you can go to your lender and say that things are tight. The budgie fell off it's perch or whatever. The lender will look up how much that your assets are worth and say ok, but we want more interest or no way, we want your house!! What can lenders do to a country? Get the blue pencil out and annexe Manhatten Island, in full and final settlement!!! So lending goes up based on the value of land which really cannot be grabbed.
America cannot pay the principle, that's the first bit and it is becoming difficult for them to even pay the interest. So they print and sell Treasury Bonds with crazy interest rates going to the buyer after 20 or more years. The hope is that Auntie pops her clogs and the trunk in the attic is burned. It is a con.
America borrows and buys stuff at today's prices but never ever repays. I'll have 50 lemons, oops sorry F 35 fighters. Certainly, cash only!! The computers whirr and non-existant money passes from Government to lemonade stall. The Government is charged interest of whatever say 2% I know not.!
They got the lemons, they 'paid' market price, which is quotation price multiplied by about 15 and everybody parties and sings ' If I ruled the World.
When interest payment time arrives the Government pays 2% so they are buying lemons for 2 dollars on the100 Now that's good economics.Oh your tax money pays!!! joke. That goes to the IRS and is sent to the English crown for payment of leasing land still owned by uk upon which America is built. America may have won the War but England never sold them the land. Look up Louisiana purchase to see the French deal. Another part of your tax money goes to the Vatican, as a payment to keep America a Christian country.
Its a con and new mugs fall int step, every day, brainwashed in schools and universities. They just believe and never question. The information is there, in dusty old books, which nobody reads, hidden in badly lit corners, on top and bottom shelves, of serious libraries. Go check it out!
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