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Forum Post: Is the US national "debt" an illusion?

Posted 2 years ago on March 5, 2015, 10:47 p.m. EST by TonyWAWA (-20)
This content is user submitted and not an official statement

I tend to agree with many of the forward-thinking viewpoints that are shared on forums like this. However, I feel there is misinformation being circulated regarding the US national debt. The core question that must be answered: What is the national wealth?

Private wealth in the US is almost $70 trillion. But dig deeper: What is the mineral wealth in our national parkland? What are the Rocky Mountains, Mendocino County, and ANWR worth? What is the aggregate oil wealth in public lands? What is the value of the US military in the jungle of international relations?

I argue that the $18 Trillion national debt pales in comparison to the national wealth of the United States. There is no better example of this than the revenue generated from Obama's successful energy exploration campaign.

When you take a look at the massive swaths of valuable land held by the federal government, it becomes clear that the total federally-owned real estate, oil, minerals, etc. within the borders of the USA could be valued in the quadrillions of dollars.

One thing has become increasingly clear to me: the United States HAS debt, but it is really not IN debt.

The purpose of the Federal Reserve is to govern the people through the money supply. The threat of hyperinflation or deflationary depression is exaggerated. The resource wealth of the United States - as well as the large, rich, taxable population - provides a backstop that keeps our currency strong, even in expansionary environments.

I believe this backstop is far more valuable than prior generations' use of precious metal reserves. I concede gold and silver are more tangible, but defining the national wealth by reserves of scarce metals is nothing more than a form of social brainwashing intended to keep resource-rich Americans feeling poor.

Conspiracy theorists and John Birchers who measure the national debt against gold reserves are engaging in monetary child's play. However, the Federal Reserve's ability to spend the past decade in crisis while hiding the money supply (M3) from the American public is brilliant. A brilliant scam that must come to an end in the United States, as it has in central banks throughout Europe and across the globe.

The strength of the dollar in FOREX markets in the wake of QE3 invalidates many conspiracy theories. As a market student and participant, I believe the dollar is legitimately strong and would remain strong through QE4, QE5, and QE6.

Is it time to end the myth of false scarcity? Is the easy answer - a dramatic increase in the debt ceiling to fund the Small Business Administration, Farm Service Agency, and regional banks - the best path for the US economy?

Recently an interesting statistic was released. The USA has fewer corporations today than 40 years ago, despite having three times as many citizens. If "corporations are people," do we just need more "people?"

Or is a multi-decade Japanese-style depression a better way to break the will of American men, break the daughters of the revolution into prostitution, seize American's weapons, and ultimately rejoin the British Crown and join the New/Old World Order?

I ask that question only half-sarcastically, because that appears to be the the intent of the current world order, and the path the United States is headed. Especially if either Hillary "Forester de Rothschild-RHODam" Clinton, or Jeb "Lehman is now Barclays" Bush are elected president.

This is serious business.

Sure, a new monetary system would be nice. But is a total revolution possible? Perhaps it is time to submit to reality, and finally admit that Reagan was right.

Mine eyes have seen the glory of the coming of a new hashtag.

Matthew Libman Charleston, SC

11 Comments

11 Comments


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[-] 4 points by Shule (2638) 2 years ago

I suppose we all create our own recessions when we hold something as valuable when something is not while at the same time we don't have it.

Sounds like we can free ourselves from the whole affair by realizing money is only bullsheet in the first place, and learn how to carry on with our lives without it.....or at least not so much of it.

[Removed]

[-] 3 points by lugano (1221) 2 years ago
[-] 3 points by TonyWAWA (-20) 2 years ago

There are alternative, non-debt based fiat options the US Treasury could employ to pay off the debt and continue to stimulate economic growth. However, these strategies would be completely revolutionary, and would essentialy make the president an elected king. Conspiracy theorists suggest this was JFK's intention with EO 11110. I read the order and do not interpret it the same way as the tinfoil hat crowd, but I do understand the underlying philosophy. It is good economics, but terrible politics.

Any major move away from the Fed would be the nuclear option of monetary policy. It would result in an entire shift in the world order, and would not be without consequence. The emotional sense of false scarcity that central banks and sovereign debt create governs the amount of natural resources populations consume, and forces societies to work together. Unless your favorite movie is "300," the current world order is probably for you. It is better we play along with the debt game as enlightened participants than experience a complete revolution. And by revolution, I mean bloody.

However, if we don't step on the gas now and print our way out of this mess there will likely be another type of revolution. Or at least a big fire. That fact is pretty well laid out in history books, including the one King James commissioned.

[-] 4 points by lugano (1221) 2 years ago

Debt-Based Money vs. Sovereign Money.... http://www.positivemoney.org/our-proposals/debt-based-money-vs-sovereign-money-infographic/ - from a British p-o-v, but the principles still apply. Please do explore this site and then these too - http://altbanking.net/ and http://www.publicbankinginstitute.org/

Odious Debt; Indentured Debt Slavery; Jubilee and Public Banks need to be considered, without fear and reflect upon.... 'Wealth Inequality In America' - http://www.youtube.com/watch?v=QPKKQnijnsM

Also re EO 11110 - please closely consider... http://ecclesia.org/forum/uploads/bondservant/jfkP.pdf

[-] 3 points by TonyWAWA (-20) 2 years ago

Zero Hedge hears the call and starts the drumbeat for QE4:

http://www.zerohedge.com/news/2015-0...-balloning-qe4

[-] 3 points by turbocharger (1756) 2 years ago

The only thing that gives anything value is whether people view it as valuable. The money is a product of the government. When the government shows an inability to govern responsibly, everything its involved in suffers, money included.

I would say we are the ones leading that nwo path, and everyone else on the planet is terrified compared to us lol.

[-] 0 points by TonyWAWA (-20) 2 years ago

Luke, I am your father.

[-] -2 points by TonyWAWA (-20) 1 year ago

Ahh.

[-] 2 points by TonyWAWA (-20) 2 years ago

If anyone is interested, here are a few snippets from my activism during 2012:

Me (Matthew Libman) with Newt and Callista Gingrich: https://www.flickr.com/photos/94809731@N02/8724111149/in/set-72157634144456567

Me (Matthew Libman) with Jesse Jackson: https://www.flickr.com/photos/94809731@N02/8724111743/in/set-72157634144456567

Lobbying for the Volcker Rule with NAACP President Ben Jealous and Rev. Jesse Jackson Sr.: https://m.youtube.com/watch?v=A3wDjAugaRg

Calling for a boycott of the Los Angeles Times and Chicago Tribune to prevent Rupert Murdoch's hostile takeover of the newspapers: https://m.youtube.com/watch?v=CIbj5CXJqwM

A 30 minute collection of clips of my activism including Mitt Romney, Newt Gingrich, Ron Paul, Occupy Wall Street, NATO, and more: https://vimeo.com/68334998

Thanks for your support.

[-] 1 points by MattHolck0 (3867) 2 years ago

yes