Geithner Plan I

Sal, you are quite possibly the most intelligent person on earth right now. You have quite a wealth of knowledge on too many subjects... Thanks for all you do. If I win the lottery, I'm definitely funding the Khan Academy with it...

The current system does work. I exchange my daily wage for food on the table and a roof over my head. That's all I, and 99% of Americans, care about. And once again you evade my question.

This is about as blunt as I can put it: you can print your own money, but NOBODY WANTS IT. This isn't about government extortion, it's simple economics 101, supply and demand.

current system almost bankrupt, if you think you can print money forever and import everything and bailout everyone, you are going for the pits. It's based on violence and violence will always spread.
Sure any money provider like any bread provider, must make his product attractive for it's users. People want different money, otherwise coercion was not required to make them use the current theft by inflation money. The coercion proves the shittieness

In this YT video
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a pdf is presented in the link of the description box. You tell me how statism can be saved. Where do cost have to be cut ? healthcare, education, war making ?
You tell me and stop evading.

Government spending has nothing to do with the Fed being what you call an "enforced monopoly." I am not talking about how the US allocates its federal budget -- I am talking about monetary policy and national currencies. It's clear once your Libertarian understanding has run out of rhetoric and logic you need to resort to fear tactics.

Definition of bankruptcy: any insolvent debtor; a person unable to satisfy any just claims made upon him or her.

As of today, the US government maintains a AAA credit rating, the HIGHEST possible rating.

Insolvency means that you are unable to pay off your debts. The US has the best credit rating in the world. It can continue to borrow trillions into its deficit if it so chooses -- it's nowhere near bankruptcy because it has backed its credit rating with assets and production capability.

right, dream on. Productive capacity like GM no doubt. It has become a planned economy, and empire and these always face economic collapse. It's like the USSR.

@StealthyBurrito Yes they do have the highest possible rating because the debt is guaranteed by the government. And where can the government get their money from? Hmm...

@leejae Currency is printed in presses and mints. The federal budget comes from taxpayers. Not sure what you are implying.

Physical currency makes up less than 2% of all monies. All debt in the United States of America is guaranteed by the government and the government has unlimited taxing power over its citizens. So in other words, the AAA credit rating is not only based on the United States' productivity or commodities, it is also based on its ability to tax one's own labour through income taxes or inflation.