reply to post by xuenchen
You know, the debt is pretend.
I think its just a scare tactic they use to induce fear. They can control us by threatening default if we don't play their game.
But, seriously. The Federal government prints x amount of treasury bonds and trades those treasury bonds for Federal Reserve notes--that they also
printed. Then they promise to pay themselves back the Federal Reserve notes and proceed to charge themselves interest, hence all of the "debt."
Well, sort of. Except that, the Federal Reserve is not "Federal," and is actually a private bank. So, the Federal government prints x amount of
treasury bonds that they use to exchange for x amount of Federal Reserve notes that are lent to them from JP Morgan and Chase. Then JP Morgan and
Chase charges the Federal Government interest for using the notes, under the assumption that every dollar ever used will be payed back, with
. So our government owes a bank money.
The part that gets me is that Congress has the power to print our money. We can easily tell the Federal Reserve to piss off, and Congress can simply
pick up where they left off and continue printing our currency debt free
. Because, in reality, there would be no reason for the Federal
government to charge itself interest.
It's a joke, and it gets funnier.
If the debt is not valid, and is actually just smoke and mirrors, you're not allowed to question that fact:
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.
The validity of the public debt...
shall not be questioned.
I mean, if I
were trying to pull the wool over people's eyes, and convince them that all this debt is valid, I certainly wouldn't want them
questioning it's validity.
Because it is a joke.
And every single President since Woodrow Wilson has been in on the joke. Every single one of them
The fact that a puppet can raise a fictitious ceiling for an invalid debt is just smoke and mirrors. Obama is just dancing because his strings are
being pulled by the people that run the Federal Reserve.
It is chicanery and nothing more.