Can the national debt of the USA be paid off in one year?

Now that is certainly an interesting theory that I have to admit I do find intriguing.

Another poster who really was impressed by AA had a different theory on his possible identity though:


I bought the audio version of "The Operator" by Robert J. O'Neill... wow!!!!

 

Thank you........

Two factors are needed to create a period of hyper-inflation.

1. print a lot of extra money
2. GREATLY DECREASE PRODUCTIVITY

Both criteria occurred in 2020 and I feel that some rather drastic measures need to be discussed when it comes to the topic of how best to bring the USA, Israeli and world economy out of this potentially very serious situation.



Can Israel pull the entire world economy out of a possible Bear Market, another 1929?

 

Interesting!!!!!!!



Americathon (1979) - Trailer


Do you think that we should attempt to get some of the cast and crew of "Americathon" together now in 2021?

A challenge for Mr. Joe Biden from an aspiring Canadian politician....

 

I guess anybody crazy enough to put in a bid / proposed investment of time / bet / wager / bid on the debt / guilt of Azazel as implied in Leviticus 16:10 in the original Hebrew would tend to ask such questions???????


http://www.politicalforum.com/index...ear-death-experiencer.587671/#post-1072619067

On Yom Kippur 1991 Israeli Mr. Mordecai Spiro followed the steps of a goat that had been released as it walked through the Valley of the sons of Gehinnom. I do believe that my meeting him through Facebook in 2008 or 2009 was no coincidence.

Mordecai introduced me to the writings of Rabbi Nachman of Breslov who I quote in my signature.

 

Why would we need to pay off all of our bonds in 1 year? Bonds aren't generally paid off in a year.

 

IF you were to work out a win - win - win - win - win - win deal with Israeli investors...........
who may find this whole thing simply irresistible .........

then this would in some ways resemble JUBILEE!!!!!!

The simple answer to your question is PSYCHOLOGICAL VALUE of operating in the Black as opposed to continuing on in the Red!



Can Israel pull the entire world economy out of a possible Bear Market, another 1929?

.

 

But I am sure that there are a lot of aspiring actors who would love to attempt to be his look alike?

I just noticed the date of his death.........

that cannot be pure coincidence!!!!!!!?


https://en.wikipedia.org/wiki/John_Ritter

I can think of two actors who might be willing to take on the role?

https://en.wikipedia.org/wiki/Jason_Ritter



https://en.wikipedia.org/wiki/Tyler_Ritter

 

The U.S. national debt is currently 28 trillion dollars. There is only 36 trillion dollars in circulation on this entire planet....

 

But in 2014 there was seven hundred and ten trillion dollars in the worldwide Derivatives markets and two hundred and ten trillion dollars in the USA Derivatives markets. The Derivatives are only one part of the massive worldwide Insurance Industry.

CIA economist Jim Rickards back in 2014 expressed concern about a one hundred trillion dollar collapse in the Derivatives Industry.

 

@DennisTate
Please follow the line on the . . . .



Consciousness expressed requires "communication".
https://www.amazon.com/Portable-Jung-Library/dp/0140150706/ref=sr_1_1?crid=T1FR76RBBNRK&dchild=1&keywords=portable+jung&qid=1620425986&sprefix=portable+jung,aps,215&sr=8-1
Check out the essay, "Answer to Job"

or not.​

But, for Jung, the essay communicates well to me, a dyslexic.


GOT Communication?

Moi

@DennisTate is
eh​

 

Derivatives aren't real money. I'm talking 36 trillion actual physical "dollars" in bank accounts, holdings, etc....

 

Good point..... I believe that it may have been Mr. Jim Rickards who explained Derivatives as somewhat like casino poker chips that the mega-wealthy use to play the markets somewhat like an ordinary person might blow ten or twenty k in Vegas.

 

But..... we have the option as citizens of Canada and the USA to use our central banks to create money....... in such a way that DOES NOT create compound interest owing over time. President Lincoln did that...... J. F. K. attempted to do that..... and the Bank of Canada was used in such a way that nearly half of the money supply of Canada was created from 1938 to 1974 in such a way that DID NOT create compound interest owing on that part of the money supply of Canada.





@Econ4Every1 here on this forum made me aware that there were two conditions needed to produce
hyperinflation.
1. print a lot of extra money
2 DECREASE PRODUCTIVITY

The situation over the past year and several months is generally meeting both conditions but.......
this can be turned around.

BigPharma is presenting the vaccine as the way to turn this around......
they could be at least partly correct but there is far more to the
entire topic.

BigPharma has so much power over BigMedia... due to their being one of the remaining
major advertisers who keep the BigMedia outlets going......
reporters who should be objective and honest.... are not allowed to be
truly objective and honest due to the amount of money involved in keeping
a narrative going that is not the entire topic on how the next few months can
result in a true turn around in the world economy.


In my opinion the following statement by three economists sets the stage for all of us to
begin to look at the creation of money differently........ the key is to use the central banks in
such a way as to create money without creating compound interest owing on a significant part of
the money supply. The USA dollar is in a sense owned by all three hundred and sixty million Americans.
The Canadian dollar is in a sense owned by all thirty seven point six million Canadians.... but......
the wealthiest of the wealthy have in the past been grand masters at corrupting elected officials.

We need to take another look at the idea of JUBILEE as was given to Moses in order to get a segment of our populations motivated.

 

Once the truth about how money is created becomes common knowledge it will be possible to reduce
taxation not only for the middle class but also for the wealthy as well.

 

Can the debt be paid off in one year? I’m sure all the libs here would agree that we sure can, all we need to do it tax the rich. Agree?

 

But, of course, Comrade!

The national debt never needs to be paid off because the national debt is exactly $0.00 because there is no such thing as a national debt, unless you're a Commie, Socialist or Left-Winger.

There is, however, a federal debt.

As a result of your lack of knowledge of all things-economic and all things-financial, were you perhaps intending to refer to the federal debt?

Because, if you were, you know, referring to the federal debt, you cannot pay it off in a year, because part of the federal debt is government debt and that government debt is for future liabilities, such as the OASI Trust Fund, OADI Trust Fund, HI Trust Fund, SMI Trust Fund, Railroad Retirement Trust Fund, Black Lung Trust Fund, Federal Pension Trust Fund, Military Pension Trust Fund, EPA Super Fund and a few others.

Get it?

 

I look at the whole thing somewhat differently than the professionals do.....

I believe the statement that human productive capability is essentially without any cap or limit... as long as we can come to agreement on the need for a project....... and money assists most of us to come to an agreement on some controversial goals indeed.


Was Moses - Moshe a brilliant economist?

The USA petro-dollar is backed up by the productivity of Americans and Americans are extremely productive and effective at marketing.... so as a result the USA petro dollar is amazingly strong and stable.

A tiny segment of our wealthier ancestors came up with a rather creative scheme millennia ago......
and all we really need to do is see through the flaws in their plans in order to shift all modern economics in some amazingly positive ways.

We are deliberately creating more debt than money.....
and although this method appealed to neo-Malthusian thinkers..... this way of financing the money supply is obviously rather flawed.

The Public-Debt Problem
Written by Alain Pilote on Monday, 30 June 1986. Posted in In This Age of Plenty (book)

I am hopeful that active members of the pro-life movement may become motivated enough to figure this out.... because this is NOT rocket science at all.



Would a Basic Minimum Income dramatically reduce abortions?



?
Will a Minimum Basic Income dramatically reduce the incidence of abortions?

1. 
   Perhaps by 1- 10 percent over the present rate.
   4 vote(s)
   50.0%
2. 
   Perhaps by 11 to twenty percent over the present rate.
   0 vote(s)
   0.0%
3. 
   Perhaps twenty one to thirty percent over the present rate.
   1 vote(s)
   12.5%
4. *
   Perhaps by even more than by thirty percent?
   3 vote(s)
   37.5%

Change Your Vote

 

There is a prediction from back in 2012 that could turn a huge number of Americans into actors playing the role of themselves..... which would not necessarily interfere at all with their day jobs.....

All that I know is that some really amazing things sure seem to be all set up......
I personally am more than merely optimistic about how this eventually works out....



Mr. Trumptastic Discusses Latest Updates with Nicholas Veniamin

 

Yet, you're paying it down.

Because none of you have a clue, you don't understand that your federal debt includes your government debt which includes the various Trust Funds I mentioned previously.

When the Social Security Administration fails to collect sufficient FICA revenues from the previous month to pay benefits for the current month, it must convert the non-marketable securities into cash. That cash is obtained from the General Fund. If the General Fund does not have sufficient cash for that month, then a monthly deficit exists.

The Treasury Department will package that monthly deficit as marketable securities, usually bills and notes that are auctioned off to bidders.

Because interest on the non-marketable securities ranges from 3% to 15% per annum, and the interest on the marketable securities (the t-bills and notes) is typically less than 3%, you save money, and reduce the federal debt.

Such false claims are common by ignorant people.

No one is printing money. The Treasury Department is issuing marketable and non-marketable securities.

Your ignorance on the subject doesn't allow you to understand that securities are not money.

Then again, you have been deceived by Liberals into believing people like Bill Gates actually have $94 Billion in cold hard cash he can hand out to people on a minute's notice just for the asking.

Monetary Inflation is the value of a currency relative to the GDP of that particular country in its most simplest terms. However, that definition is applicable to only about 150 countries on Earth.

Those ~150 countries cannot sell securities because no other country, entity or person would ever buy them. When they deficit spend, they are forced to obtain loans from private banks, whether those private banks are in their own country, or in foreign countries, or they must obtain loans from foreign central banks or entities like the IMF.

Because that is true, Monetary Inflation in those countries is rampant, and they often experience high levels of Demand-pull Inflation on top of that.

Those countries that can sell securities come in two flavors. Those who can sell a lot of securities and those who cannot.

Why? What makes Denmark different than the US and Britain?

The US Dollar is the de facto international reserve currency and the de facto international currency of trade.

Your failure to grasp that reality is why you're clueless about everything the US does.

Denmark can deficit spend far more than Venezuela, but even so, it's deficit spending is limited to the number of countries, central banks, private banks, entities and persons willing to buy its securities and if deficit spending is too high, they will beg off and not buy the securities.

Calculating Monetary Inflation for Venezuela is a simple affair: How much currency is in circulation and what's the GDP.

For Denmark, it's a little more complicated and for the US, it's a helluva lot more complicated, because the US Dollar is the de facto international reserve currency and the de facto international currency of trade and the Danish Kroner is not.

So, when looking at the US, you have to look at both the domestic GDP and the international GDP generated by commercial activity in US Dollars.

I did that about 10 years ago or so to stomp the snot out of a prancing turd on another forum.

At that time, I said the global economy -- because that's what we're talking about here since the US Dollar is the de facto international reserve currency and the de facto international currency of trade -- could handle another $9 TRILLION to $13 TRILLION before US Dollars become "excess" and start causing Monetary Inflation in the US at levels that could be considered by any reasonable person -- and "reasonable" is the key -- to be hyper-Monetary Inflation.

I said that would happen around 2025.

I also said the rate of Monetary Inflation would be greater than the 1970s but less than the 1920s, which puts it in the range of 15% to 25% annually for a period of 9-14 years.

I said something else, too.

You can deficit spend only so long as other countries are able to purchase your securities. When they can no longer do so, you'll start getting slapped in the face with Monetary Inflation.

At that time, the federal debt -- meaning the sum of public debt and government debt -- was equal to 25% of World GDP (sans US debt).

Also at that time, the federal debt was on track to reach 1/3rd of World GDP around 2035 and 50% of World GDP around 2045.

The circumstances have changed as that has been accelerated.

On top of that, the countries that do buy your securities like the Euro-States have serious financial issues with future unfunded liabilities through 2045.

Britain is situated best a 75% of current domestic GDP, and Italy the worst at 300% of domestic GDP.

It will be very difficult for Britain, but they'll likely manage with serious cut-backs in pensions and healthcare. Italy will fail. Period. There's no way they can pay for that.

France was at 130% and cut its pensions to knock it down to 110%.

The French no longer get 50% of the wages as pension. Now it's 37.5%.

In other words, at €80,000 you'd get €40,000 as a pension except now it's €30,000.

On top of that, you now have to work 42 years (43 years if born 1972 or later) in order to get 100% of €30,000. Contrast that with the US where you only have to work 35 years to get 100%. French pensions are reduced 3% for each year less than 42 years. So, if you work 35 years, you'd get €23,700.

Now the French are looking at cutting it from 37.5% to 32.5% or cutting healthcare benefits or both and most likely the French will have to cut it to 27.5% and cut healthcare benefits in order to pay for it.

You get the picture.

There is no level of taxation that will fix this problem for the Euro-States, which means they're not going to be able to buy US treasury securities, and they'll have to sell the securities they own to pay for their pensions and healthcare benefits.

Are Britain, France, Germany, et al going to make their people live in tents and eat porridge so their central banks can buy US treasury securities?

Not no, but hell no. That ain't gonna happen.

Okay, then who will be buying US securities to keep the US from getting hammered with hyper-Monetary Inflation?

That's actually a bigger problem.

 

so much wrong in one post, not even sure where to start

 

We Canadians and Americans are in this together and I believe that we must start asking essentially the same question.....
DO THREE HUNDRED AND THIRTY MILLION AMERICANS OWN THE U.S.A. DOLLAR????

Do thirty seven point six million Canadians own the Canadian dollar?

Are the elected officials in Washington supposed to use the power to create the U.S.A. dollar on the behalf of Americans?

Have the majority of elected officials in Washington, D.C. and Ottawa been coopted away from serving Americans and Canadians?

I believe that the answers to these questions are Yes, Yes and Yes......
Americans own the U.S.A. dollar and Canadians own the Canadian dollar but our elected officials tend to get coopted.....
and the honest ones are intimidated into being quiet by the ones who go corrupt.......

...so now this following question will make more sense.......


The key to a Basic Minimum Income being used to pay off the national debts of the USA and Canada is for Canadians to be aware of how the Bank of Canada was used from 1938 to 1974 and for Americans to be more aware of what happened during the time of President Lincoln's Greenback Monetary Policy Experiment.

Thirty seven million Canadians really do own the Canadian Dollar and three hundred million Americans do own the United States dollar but......
politicians in Ottawa and Washington get coopted over to being against the average Canadian and American. The national debts of Canada and America are like a practical joke being played on the average Canadian and American by our elected officials once they get coopted by the extremely wealthy families.

Ms Betty Krawczyk ....

IN MY OPINION BIDEN AND TRUDEAU'S HANDLERS WHO ARE PASSING THEM A SCRIPT TO READ SEEM TO BE SETTING UP HYPER INFLATION SO THAT THEY CAN PREPARE CANADIANS AND AMERICANS TO AGAIN BE WILLING TO ACCEPT TIGHT MONETARY POLICY.

....
....

"Could a real estate boom plus better Fed policy pay off USA national debt? "

http://www.politicalforum.com/index...a-national-debt.489825/page-8#post-1073447198


I want to DELIBERATELY SET IN MOTION A REAL ESTATE BOOM EVEN IN RURAL AMERICA AND CANADA AND THE LOGIC IS SO SIMPLE IT WILL AMAZE YOU!

THE KEY IS FOR ALL OF US TO UNDERSTAND THE OBVIOUS IMPLICATIONS OF MERELY TWO SIMPLE GRAPHS


http://www.politicalforum.com/index...better-canada-contest.589554/#post-1072743293

Best Idea for a Better Canada Contest

A serious error was made by Canadian Prime Minister Pierre E. Trudeau in 1974 that allowed for a major deception to occur in The United States of America. Once the error is corrected in Canada the same error will be easily understood in how it affected the economy of the United States of America over the last nearly five decades.



My theory is that the rather brilliant Bank of Canada policy that was in effect from 1938 to 1974 was too intelligent and logical and had to be messed up so that a deception could be pulled on Americans.... but the deception had to be pulled off on all Canadians first!





Both of these graphs can be viewed here:
https://famguardian.org/Publications/InThisAgeOfPlenty/plenty34.htm

 

A BASIC MINIMUM INCOME OF FIVE HUNDRED DOLLARS PER CANADIAN PER MONTH THAT IS UNCONDITIONAL BUT TAXABLE.....
can lead to the eradication of Welfare and Social Assistance that force people to be UNPRODUCTIVE in order to receive their benefits......
(this is NOT MY IDEA, I STOLE THIS FROM ECONOMIST MILTON FRIEDMAN).... but I am sure that he is up there in a higher vibrational
invisible dimension of space and time cheering for me to be able to word this in a way that the average American and Canadian can catch onto this
astonishing simple idea)!

THIS IS A CRITICAL IDEA BECAUSE THE U.S.A. DOLLAR IS REALLY BACKED UP BY THE PRODUCTIVITY OF AMERICANS AND THE
CANADIAN DOLLAR IS BACKED UP BY THE PRODUCTIVITY OF CANADIANS!

IF THAT B.M.I. IS FINANCED IN THE SAME WAY THAT THE BANK OF CANADA OPERATED FROM 1938 TO 1974 AND / OR IN THE SAME WAY
AS PRESIDENT LINCOLN CREATED THE MORE THAN FOUR HUNDRED MILLION U.S.A. DOLLAR NEEDED TO WAGE THE CIVIL WAR!


HERE IN CANADA....
BECAUSE THAT B.M.I. OF FIVE HUNDRED DOLLARS PER CANADIAN PER MONTH IS CREATED WITH THEIR OWN CANADIAN DOLLARS.....
THERE IS ZERO REASON FOR IT TO BE LINKED TO COMPOUND INTEREST OWING TO SOMEBODY ELSE OVER TIME!!!!!

THEREFORE..... as that B. M. I. is spent and returns into the economy we Canadians can begin to PAY DOWN OUR NATIONAL DEBT BY
ROUGHLY EIGHTEEN BILLION DOLLARS PER MONTH BECAUSE AFTER MONEY TURNS OVER IN THE ECONOMY ABOUR THREE OR FOUR
TIMES IT RETURNS TO THE TREASURY IN TAXATION ANYWAY!

And now for a little lesson in the history of The United States of America ... because evidence exists that we Canadians got the idea for the 1938 to
1974 Bank of Canada policy from the President Lincoln Greenback Monetary Policy Experiment!

https://www.michaeljournal.org/arti...story-of-banking-control-in-the-united-states

The History of Banking Control in the United States
Written by Alain Pilote on Saturday, 31 August 1985. Posted in In This Age of Plenty (book)

 

YES. Mint trillion dollar platinum coins. Use them to pay the national debt.