Is the US national debt actually a world debt?
Pretty much all of the global development over the last 60 years has been financed by the USA.
- Europe rebuilt by USA.
- Third world loans and NGOs and basically everything paid for by USA.
- China built into a superpower from US debt-spending.
- Global peace and law paid for by USA.
The list goes on. Is this "national debt" actually a debt everyone else owes us?
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Devide debt by world pop.
Who do we owe that money to? Can we just eliminate them? That would solve the problem.
There is no debt it's just money that you own to the Central Bank. Every dollar created comes with a percentage of debt. So for every dollar created by the usa, citizens of usa have to pay a certain percentage on it.
We just need to abolish central banks to fix this.
Also note that the money that goes to central bank stays there and doesnt come back in the pockets of the government. The Central Bank (FED) is a private institute, it operates outside of USA.
public debt is irrelevant only private debt matters
and private debt is far higher than public debt in the US, which is one of the many reasons why the economy is so shit
(other main reasons are outsourcing, mass immigration, real estate bubbles, etc)
the banks
which only exist because the US government (and other governments like the EU) actively gives them money
>Who do we owe that money to?
I've been trying to figure that shit out for years. I've reached the conclusion that national debt is a huge, nebulous, macro-economic thing that doesn't really matter at all in practical terms. But it involves big numbers and that's always good when the media or a politician wants to make the general public shit themselves in fear.
one wonders why the jews are a problem.
END THE FED.
The FED chairman is appointed by the president. It is the wrong sort of Central Bank as it only exists to give money directly to the banking system. After the 2008 crisis Obama gave trillions to our banking system as a reward for committing massive fraud and trying to destroy the economy.
we need a central bank, but not a corrupt one like the FED
instead of giving money to private banks the central bank should issue debt itself (similar to the old Bank of the United States or Germany's pre 1945 central Banks)
So can we nationalize the fed?
>only 16 million of them
>they think they own the world because of IOUs
The FED (or the ECB in the Eurozone/ Bank of England in England) give trillions of dollars to our banks
Banks, independently of that create money and lend it out.
Essentially ever bubble is created by the banking system, and if everything goes to shit (2008) the government bails out the banks who created the problem in the first place.
So the billionaires who make all their money in fiancne, ironically create all this debt out of nothing
The key thing to always remember is that BANKS DONT LEND OUT RESERVES Banks create money out of nothing and if the system collapses they get bailed out by the government which also creates money out of nothing.
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Yes if there is the political will to do so.
Unfortunately our economic professors are very much in league with the banking system so academia will never support it. Since academia, finance, and the media are all linked there is no way to get enough public support to abolish and replace the FED.
Another key idea to remember is that the FIRE (Finance Insurance, and Real Estate) section of the economy, which is today the most profitable is inherently parasitic in nature draining away capital from the productive parts of the economy.
It's pretty much a meaningless dept at this point. The waters are so muddied by all the things we do for other countries that it would be hard to tell who owes what to who any more.
And even if somehow it was ever figured out, it's not something that's ever going to get reconciled.
If jews can lobby countries to declare war and have goyim fight for them so they can collect on those IOUs then they do essentially own the world
The Germans and Americans of the 19th-early 20th century largely understood this, but basic economics was largely forgotten. This was mainly because Germans lost the war and American economics was replaced and dominated by British economics. In America the process of replacement argely ended with the establishment of the FED. In Germany it first ended in WW1 and then was put away for good during WW2.
Instead today we are given a choice either between jewish communism (which died in the 90s) or jewish globalism (open borders international finance/banking economics)
What would nationalizing the fed do?
I'm very jew wise, but I don't think this is an entirely jewish issue.
Anglos were really into globalization multiculturalism and banking.
The massive debt spending on every level (government, business, household, student, etc.) was a largely democratic decision. Our culture of endless expansion just memed itself into creating debt in any way possible.
It's not just the fed or anything like that. We are a debt-riddled society on every level: government, trade, business, household, student, everything. All that spending has essentially financed the economy of the entire planet.
No... Your debt is your debt.
All that you listed is included in each countries own national debt.
And everybody, including you Americans, owes to the banking system.
The Brits still had a bit of native pro-Nationalism in their economics until (((David Ricardo))) convinced them that open borders, international finance, debt, etc were a good thing. The best example of British Nationalism was the corn laws which protected British agriculture until they were ultimately repealed.
Of course comparative advantage is a total jewish myth to begin with.
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Ironically Ricardo was behind indebting and bankrupting Greece way back in the 1800s by convincing bankers to lend to a government that they knew was far too poor to ever pay back any debts. Some things really never change.
Still Anglos bought the lies of open borders, free trade, etc so they are naturally complicit. We only have ourselves to blame for listening to the Rothschilds much as the Russians have themselves to blame for listening to Marx/Lenin.
Give me a reading list
very important
Michael Hudson
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