Mathematically Impossible To Pay Off The U.S. National Debt

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Mathematically Impossible To Pay Off The U.S. National Debt

Post by PaCmAn »

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

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It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

The Economic Collapse
February 4, 2010

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don’t realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.
featured stories It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
Dennis Blair

We will be in perpetual debt for as long as the Federal Reserve system exists.

And the U.S. government would still be massively in debt.

So why doesn’t the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?

Well, for one very simple reason.

That is not the way our system works.

You see, for more dollars to enter the system, the U.S. government has to go into more debt.

The U.S. government does not issue U.S. currency – the Federal Reserve does.

The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers.

If you will pull a dollar bill out and take a look at it, you will notice that it says “Federal Reserve Note” at the top.

It belongs to the Federal Reserve.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

So that is how the U.S. government gets more green pieces of paper called “U.S. dollars” to put into circulation. But by doing so, they get themselves into even more debt which they will owe even more interest on.

So every time the U.S. government does this, the national debt gets even bigger and the interest on that debt gets even bigger.

Are you starting to get the picture?

Read entire article

Research related links

1. Obama’s Spending Plans Will Nearly Double the National Debt
2. Treasury Wants Donations to Pay Off National Debt
3. US lurching towards ‘debt explosion’ with long-term interest rates on course to double
4. Today We’re All Irish: Debt Serfdom Comes to America
5. Who’s going to Finance the rising US National Debt?
6. Russia May Swap Some U.S. Treasuries for IMF Debt
7. U.S. debt is losing its appeal in China
8. Fed Considers Plan to Buy Companies’ Unsecured Debt
9. Mayor Bloomberg Fears National Debt Crisis
10. U.S. debt approaches insolvency
11. Ron Paul: US Dollar Collapse When China Stops Buying Debt
12. Congress Considers Raising Debt Ceiling Again to Borrow from Bankers

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Re: Mathematically Impossible To Pay Off The U.S. National D

Post by DeathToll »

The impending economic crash on august 2nd in the states, or the formation of some treaty shall serve as the basis for the now quickly occurring NWO.

God speed everyone.
The true teacher is the one within

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