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The National Debt...

Some people still do not understand it. How it could have gotten so high to begin with. I explained this a while back in another thread that seems to have been removed due to age (I am guessing they don't have massive storage) I wish I could just copy and paste it but owell.

Many people are still buying into the line that we owe like $152,000.00 each on the debt. We...do not owe one dime on it. Yes the debt is high but it was caused by two things. 1: Congress failing in its first job under the Constitution. Article I, Section 8. The government is authorized to lay and collect taxes, imposts, tariffs, excises and duties to FIRST pay the debt. Something Congress has NOT done since Reagan was elected in 1980. While authorizing Congress to collect taxes, this clause permits the levying of taxes for two purposes only: to pay the DEBT (first) of the United States, and to provide for the common defense and general welfare of the United States (2nd).

2: They continued to spend money while letting this debt accumulate. Thats irresponsible and under TORT they should all be held accountable for Dereliction of Duty. They mismanaged the nations funds. We didnt. But this was all according to plan. The term "National Debt" is an erroneous phrase.

As to whom we owe this debt to in the first place? Well thats where it gets confusing. Technically...we owe this debt...to OURSELVES. With the exception of 5.2 trillion dollars that the Federal Government has borrowed from China, Netherlands, Japan and a couple of other countries. That leaves us a balance of just over 16 trillion dollars. Lets look at it from one perspective first.

The Federal Reserve Bank, which is listed and touted as part of the Department of the Treasury. Has the job of valuing and coining (or printing) our money. They set inflation, exchange rates, mortgage rates, interest rates and the supporting regulations. And they "Loan" money to the Federal Government for which they charge interest. So a department of OUR government that values and prints our money for us...charges us interest on that money. Making them a "For Profit" enterprise. Within our own government? That seems wrong on so many levels doesnt it?

Now for the flip-side of that coin (pun intended). The Federal Reserve System is NOT a part of the Treasury Department. They are a collection of Foreign and Privately owned banks who are no more a part of the Federal Government than Federal Express is. The Board of Directors of the Federal Reserve reads like a Who's-Who of international Banksters. in 1913 our Government handed our entire economy and money over to these interests. Against the express orders of the Constitution. (Article I, Section 8, Clause 5). They simply created a division within the Treasury department so it would "Look" like our government was in control. They arent. Why do you think we havent audited them yet?

The "Owners" of the Federal Reserve System are not We the People...They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.

See if the Federal Reserve WAS simply a part of the Federal Government then that 16+ trillion could simply be discharged at no penalty. Consider it the cost of doing business and wallah...problem solved. 5.2 trillion we owe other nations we could pay back no problem. But the Fed isnt part of it. It is separate from it, it holds the purse strings not Congress. And we are paying over half a billion dollars every day just in interest payments to these money changers who loan us our own money for profit. This...is the reality people. And has been for over 100 years.

MADcHATTER 7 Mar 25
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3 comments

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The "Federal" Reserve must be abolished. It is said that this was something Kennedy was trying to do and one of the main reasons for his assassination...

That and he said 10 day's before he was killed that he would expose something's in the government. It's a very hard speech to find it was at a college. I believe this is what he found.

[media.8ch.net]

...Pretty sure it wasn't that.

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People insist that this isn't runaway inflation . They are whistling past the graveyard . The piper will be paid

1

I honestly believe it's a system designed to enslave the nation using money and a catastrophic number to make the problem seem more insurmountable than it is.

Real easy fix. Stop sending money to nations that aren't our friends, stop printing pennies and nickels which cost more to make than their value actually holds, and get rid of government pensions. Most of them own businesses and massive swaths of land already.

Actually , I tell people to buy rolls of nickels . They are the only coins minted by the U.S. Treasury that have a higher melt value than face value . Pennies are now made of zinc , and virtually worthless .

@Georgesblogforum

They're working on changing the nickel thing.. Better watch it! They might change it without letting anyone know as not to force the stock to plunge.

[gao.gov]

@SpaceWillie2000 Fortunately , smart people have been stockpiling crates of nickels for 15 years .

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