Hello all!
I was just doing some research in an attempt to narrow down some very broad topics to write about to a singular topic that is much narrower, and in my research (still pending original source at this stage), I remembered this little factor, and how it really highlights the need to reanchor the worlds production to a non-manipulatable, global digital currency like DNotes. The following is truly harrowing if you understand the true potential effects of default and economic collapse. Nobody here has seen a true 'recession' in their lifetime because all the previous ones were deferred with the printing of more money and bank credit expansion.
"It is Mathematically Impossible To Pay Off All Of Our Debt..."
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http://www.zerohedge.com/news/2015-05-22/it-mathematically-impossible-pay-all-our-debtNow this much should be obvious to anybody who understands that money is created as debt, and all debt accrues interest that must come from somewhere, ergo... more debt must be created BUT!
The USA is in a position where even if you took all of the different forms of money: savings, cash, chequeable balances, mutual deposits, money market funds, short-term repurchase agreements... Basically ANY piece of US money that EVER existed... and used it to pay the Government debt, there would still be government debt outstanding... To put it further into perspective, the US government debt is circa 18 Trillion, all the money that every existed is ~17 Trillion, that doesn't take into account non-financial and household debt, which brings the total to 41.4 Trillion. Then think that the 18 Trillion figure for government debt doesn't even take into account unfunded liabilities (promises to pay in the future - medicare, medicaid etc), the total government debt balloons to ~115 Trillion + household debt (14 Trillion) and non-profit debt (12 Trillion) for a whopping total of: 141 Trillion dollars.
17 Trillion dollars of money (in its loosest definition - 3 Trillion exists in actual liquid money) to somehow repay 141 Trillion...
The Rubicon has been crossed...
Luckily non-government programs like CRISP plans may work to alleviate some of this potential economic pain - a remarkable nod to foresight. Retirement plans offer saving rewards for many of us who won't retire with benefits like medicare and state pensions, students crypto investment and giveaways to combat student debt, trust funds to encourage saving for your child's future early etc. These are all essential components of a globally accepted digital currency, and they have been rolled out in pilot before global currency status has been earned, which allow people to purchase DNotes cheaply and participate in these investments early when they're most lucrative. I call that a great buying opportunity.
There was also one comment on the page that summed up my views quite nicely:
"The American government has been spending trillions of dollars on programs it had no Constitutional authority to create, and such unconstitutional expenditures exceed the amount of the federal debt. Therefore,
The federal debt is unconstitutional.Not only are most government programs themselves unconstitutional, but the debt used to pay for these unconstitutional programs, which were created by previous taxpayers, is paid for by future taxpayers. Therefore,
The federal debt is Taxation without Representation.Taxation without representation is also unconstitutional. In fact, it is the reason America seceded from the British empire."
