10 Myths About Government Debt

Source: https://www.youtube.com/watch?v=EPjrFjAxwlw
Published: Oct 16, 2017
Author: Learn Liberty
Post Date: 2020-05-20 08:51:25 by BTP Holdings
Views: 519

Myth 1 is that the government owes “only” $20 trillion. (In reality, it’s much more.) But luckily, Myth 10 is that there’s no way to fix this problem… Prof. Antony Davies explains.

Poster Comment:

The Federal government first went bankrupt in 1933 under FDR. Nixon closed the gold window in 1971 which prevented foreign countries from converting their dollars into gold.

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#1: Horse    To: BTP Holdings (#0)

Nixon closed the Gold Window in 1971 because the Jews over populated America. We had to start importing natural resources which put us into a perpetual trade deficit.

There is a solution. Debt Cancellation. Arrest the Bankers and seize their assets to fund Debt Cancellation. Issue 100% money. Non-interest bearing currency like Lincoln's Greenbacks and ban fractional reserve banking.

Horse posted on 2020-05-20 08:59:29   Reply   Private Reply