Why the national debt will never be repaid
Uploader Comments (StormCloudsGathering)
Top Comments
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@ph4rcyd3r - Because money is created from debt, and that debt has to be paid back with interest. So the total debt is the debt plus the interest which is more than the quantity of money that was created. So the end result is that the debt keeps growing no matter what, and there is never as much money in circulation as there is debt.
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The national debt should not be paid because it is not a legitimate debt. It's a fiat debt. Fraud. Pure Fraud by the International Banking cartel.
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All Comments (150)
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Until we are able to educated the sheeple, or better yet, when people will believe that we have been enslaved, nothing will be done.I have lost neighbors, family, friends by trying to talk about this.Right now we have an interloper in office who got there by because he was funded by some evil Marxist people.The first 3 certificates this man showed were false, then finally this last long form has now been proven to be false and this guy is still president.I would be fired at my job if I did that
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Great clip. These concepts however are not easy to grasp for the average individual such as myself. Perhaps you might want to slow it down a little next time. If your addicted to meth amphetamines or something, I suggest a good detox program.
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I know I have saved this link more then one time in my youtube and keep losing it .
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@StormCloudsGathering example: I deposit $100 into the bank. The bank lends $90 (90% of $100) to someone else. That someone else deposits it into another bank. That bank then lends out $81 (90% of $90). My $100 allows banks to lend out $171. The total money in circulation at this point, excluding the reserves held by the banks, is $100 + the amount of debt in the system. If the debt disappears, then there is $100 in the system instead of $271. Apply this to the nation debt...
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@bunzombie Neither. Ron Paul is suggesting an end to debt based money and a return to the gold standard and to then cut spending within that system. Want my advice? Buy gold.
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@redknight808 The money is debt as all dollars in existence are loaned by the Federal Reserve to the Treasury. All of those dollars are payable back plus interest. So if all the dollars were to be paid back, where does the interest come from? That is how it is designed to fail.
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I'm not understanding something here. "...eliminating debt would eliminate every single dollar it created in circulation". Who is trying to eliminate that kind of debt? This is not the debt and interest problem that the US is facing...is it? As I understand it, FRB allows banks to make loans to people, not the government, and since actual dollars are not being made, it does not contribute to inflation... I think. Is there a good economics book you could suggest for me to bring me up to speed? :P
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i might sound stupid cause i no nothing about economics but is like 5 % of the money in america backed buy gold and silver, so couldnt we pay off the debt until we got back to that 5% like we were back in the 50s until JFK signed that bill making it legal to print off debt? PLEASE LIKE SO STORMCLOUDS WILL SEE AND ANSWER...thanks
wow, great picture collection. Where did you get all those pictures ?
georgemargaris 8 months ago
@georgemargaris - Google images with the right search terms.
StormCloudsGathering 8 months ago