If debt isn't free, then exactly what does it cost us...??? Seems like a question people should start asking themselves...
I recently heard that Credit Card Debt is over One Trillion Dollars now... I'm not sure if that's just in the United States or perhaps the World... I must not of heard that part...
So... I'm thinking the cost of Debt must be Interest... You might wonder where this interest comes from, right...??? My Wild Imagination tells me that the interest must come from certain Bank Loans...
If the United States passes an Act that says we must Borrow our Medium of Exchange from a Bank, I suppose we owe the Banks the Interest...
Anyway, if we owe this Interest to the Banks, I suppose we also need to Collect Income Taxes... That gives us a way to pay for the Interest on the Debt Notes... After all, we do need some type of a Medium of Exchange...
Why on Earth wouldn't we just use our own Medium of Exchange instead of the Banks...??? Look at all the Interest we'd be saving... Wow... If that didn't make America great again, I'm not sure what would...
By passing the Federal Reserve Act of 1913, we pretty much gave the Banksters permission, to turn the United States into a Debt Slave Country along with their People...
So, we keep Slaving away to pay our Taxes for the Privilege of using the Banks Money... We pay and pay and pay this interest, so long as we use "the Banksters " Medium of Exchange...
I take it, the People running our Country at the time, weren't all that Bright... Or, were they just Bought and Paid for...???
Is that even possible...??? It sure makes my Wild Imagination run Wild...
Crazy really. They never create the interest so at some point there is not enough to pay back all the loans or debt.
so someone has to default. it's built into there system or take out another loan.. also if you put $1000 into a bank they can then lend out $1000 to ten people and when they add that to there account, another 10 X 10 $1000 loans can be made all from the same original $1000 and on and on...that started many years ago when people used to trade gold and the banks then said we will hold it for you and give you a note which then they exchanged.
a lot easier than carrying gold around. but then no one asked for their gold so they thought we can lend out loans and they did and thats where this system really started.. it's flawed and at some point people will see that it's not real it's worthless where as physical assets like gold and silver don't evaporate over time like fiat currency does and there's only so much of it. currency is not money. once it was backed by gold but now it's not and they can print as much as they like or just type numbers into a screen and create it from nothing and then we have to pay back as the slaves you right all a scam.
Pocket Change can pay off the National Debt plus the Interest...
You really need to read some of my posts to learn my
Pocket Chang Theory...
@pocketechange
I've follow you. guess i'll have to find out more about ya Theory.. i Have my own as well they will say ok if you agree to this new plan we have. we will wipeout all the debt and give eaach citizen $1billion dollars each. Then after they roll it out the $1 billion won't buy you a loaf of bread never mind any butter...
You should find my Pocket Change Theory very interesting...
@pocketechange