Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

re: Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

kj1990 — 12/13/2022 1:53:18 AM

Just realized that the title is misleading here - If I understand it correctly, it’s just $65 trillion of dollar-denominated debt overall, not $65 trillion owed BY the US government to foreign agencies. (Please correct me if I’m wrong.)

re: Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

Mythfighter — 12/8/2022 1:39:33 PM

The so called national debt is nothing more than a limited term interest bearing savings account at the Federal Reserve Bank much like a CD at a commercial bank. When you, a hedge fund, China or anyone else buys a Treasury security the money goes on deposit at the FRB in a security account. When the term is up the money is transferred to a reserve account. Paying off the National Debt is no more difficult than you moving money from your savings account to your checking account at a commercial bank. The money to pay off the entire debt is already on deposit at the FRB.

There is no longer any operational reason for the Treasury to issue any debt whatsoever except for the law remaining from the gold standard days. Congress is unlikely to repeal it because it benefits their campaign contributors that choose to hoard dollars instead of spend them into the economy. There are only two ways US dollars are created and remain in circulation. One the Federal government spends them into existence. They cease to exist when they are used to pay Federal taxes.

Two a commercial bank loans them into existence. They cease to exist when the loan is payed off. If all commercial bank loans were paid off the only money left (except for coins which are created outside this framework) would be exactly equal to the so called national debt. To further educate yourself I can recommend the book The 7 Deadly Innocent Frauds of Economic Policy available free at MoslerEconomics.com. The essay The Fifteen Fatal Fallacies of Financial Fundamentalism is likewise excellent.

re: Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

ccdavid — 12/7/2022 6:29:25 PM

The recipe to save a nation has been known at least since the Roman times: Throw out the central bankers, eliminate usury, and use gold-backed money. WTFU.

re: Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

Cap8161 — 12/7/2022 4:07:58 PM

This is why Biden is onboard with the Globalist banks to sign us up for CBDC . Article today about Bank of America insolvency problems. Easy to cover up if all money is imaginary; but slavery for us if they control it.

re: Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

fundamentalassumptions — 12/7/2022 6:12:27 AM

Planned pretext for the next (ongoing) war? Not like this is a surprise.

re: Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

Charly ali — 12/6/2022 1:30:48 PM

As long as the workers are producing viable goods, and manufacturing vehicles and other desired collectibles - they are paying off the debt. The worst thing they could've done to hurt all economies, is what the billionaires chose to do. In the process they damaged, and eliminated many workers, with their "safe and effective" solution. Respect Nature, as we are all part of it, through gifts from above we are able to tend to it with Grace. When Nature is harmed, Natural Law has been broken. There will be unknown consequences, which AI can't control.

re: Did You Know Overseas Agencies Hold $65 Trillion in US Debt?

axkershaw — 12/6/2022 8:06:25 AM

Not to worry. The "debt" is less substantial than Monopoly money. It was created out of thin air digitally and can disappear into thin air digitally. It will likely cause a manufactured financial panic and take over the news like the manufactured Covid panic. Grow your own and support your local farmer and unless you work in FIRES you will be fine.