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They're NEVER Going to Pay IT Back!

nickndfl

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The national debt is just a measure of the size of the economy based on fiat debt + GDP. The problem is that it hamstrings the next administration and future generations. The problems in the economy are created by government placing restrictions on the private sector.

When the $USD fails the whole system will implode unfortunately.
 

Mujahideen

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wastrel

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Modern politicians are just like modern CEOs. Neither are concerned with being good stewards or managers of the institutions they have gained control of, to help continue the strength of the institution into the future. Instead, both are there merely to engorge themselves on the corruption and graft their positions enable them to engage in, for their own personal gain and regardless of how it's destroying the institution.
 

Goldbrix

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IT CAN'T BE PAID BACK.
 

BarnacleBob

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The national debt is just a measure of the size of the economy based on fiat debt + GDP. The problem is that it hamstrings the next administration and future generations. The problems in the economy are created by government placing restrictions on the private sector.

When the $USD fails the whole system will implode unfortunately.

Why do you think empires are created in the first place... they are debt machines that get stuffed with debt until they cannot credibly stuff anymore into them... once this occurs, the empire collapses and a new one takes its place... the trick is that the empire must be strategically militarily strong enuff to defend the debt. As long as the debt can be defended, the empire thrives.... Just track the economic & monetary histories of the empires that have come & gone.
 

Voodoo

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Ya duh... Thats what governments do like 999/1000 times.
 

TAEZZAR

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Politicians don't care about paying it back. Spending like a drunk sailor. Only time things were conservative, was when money was backed by metal.
It's called OPM ! They don't shiv a git.
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Buck

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...if the Fed issues 100 $1 notes, they demand a return of 100 $1 notes plus their interest, the vig

if someone were to light a cigar with one of those notes, there is no way they can all be returned, one is gone from existence

...we have no way to create that 'vig' unless we go back to the Fed and have them make some more for our use...etc


it can never be paid back completely, therefore: At All, it can never be paid back, and never will be...


it's a system that has reached the end of the criminal road it's been put on...
 

Mujahideen

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Cigarlover

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300 paper currencies have been created over time. None have ever lasted. When you are the worlds reserve currency you have a special problem. You have to create dollars on demand to feed the demand of the world,
 

chieftain

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I like Michelle Makori... :D
 

Uglytruth

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300 paper currencies have been created over time. None have ever lasted. When you are the worlds reserve currency you have a special problem. You have to create dollars on demand to feed the demand of the world,
Brenton Woods 3.0.......
 

UcoOnca

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A good introduction for new people. Might be a tad late by now but every convert helps.


PS. There used to be a transcript of each video. It would appear that this was taken away.