And it would only cost just 2 trillion to do so. We bring business to failing countries and nations. So, call me stupid but, it seems to me the simple soulution here is always the hardest one.

The article gave the solution at least twice — abolish the Federal Reserve and restore the ability to print money to Congress, per the Constitution. We have our own version of this crime family-the federal reserve. They can then turn around and put this money into 30-year Treasury bonds at 4.5%, earning an immediate 2.5% from the taxpayers, just by virtue of their position as favored banks. The only reason he is still in it is because of his grass roots supporters. But again, not all of this "money" actually "exists" either.

Or even put some gov items for collateral. And still the yanks haven’t apologised to the world for that. Study your history, and especially economics in history or you are DOOMED to repeat it. The same goes for most banking systems in the world. Meaning that the US Gov can legally walk away from any of the fraudulent dealings that have transpired. After reading this article (or whatever it technically is) I realized how little I knew, and how little the the public knows, about the banking and debt issue we’re currently in.

However, this is not true when debt is retired with the Federal Reserve. Screw the banking elite like they have been screwing us for so long with cant pay off debt a banking scam that has cost the US trillions and destroying the nation. In fact, most banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts.

From everything said in the article, and along with most everything that people said in the comments, I’ve realized one thing. An now the banks federal resreve banks can now pay off the national debt 15 trillion dollars an still have money left over. I know that everyone in this country may not have the best math skills, but I know everyone knows when you subtract something and dont add anything back to it, it gets smaller or in the case of the United States debt, it gets bigger.

Make life easier with anz internet internet banking online banking a safe way to bank online. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaranteed 6% return are considered "for profit" corporations. However, the problem is, the people in charge (the wealthy and the politicians) don’t want to solve it. The Bank of England was one that had significant reserves of gold and they became a powerful trading and military ally. The reality is that there are a lot of ways that the Federal Reserve is a money-making tool.

Consumers spend “dollars” but they were not issued by the government or the Federal Reserve, credit card companies issued them, or banks. I don’t get why the US Government can’t collect $20 from the 150,000,000 people that file taxes. Every man, woman, child, imigrant, politician, actor(ess), etc.) will agree on this. We will start creating jobs slowly on our own.

Lending on trends and overstimating the worth of an asset that one is lending against whether that be a tangible asset like a house or a promise of repayment. Instead, they keep only a small fraction of your money there at the bank and they lend out the rest to someone else. There is no authorization among the powers enumerated by the Founders in ARticle 1 Section 8 for the creation of a central bank, e.g. This recent recession has cant pay off debt fired up my imagination. If no one (government, business or individuals) borrows any money, there will be no money to carry on commerce. Actually the 2009 report should be available very soon if it isn't already.

Send these, the homeless, tempest-tost to me, i lift my lamp beside the Golden door.” – Emma Lazarus All those who can’t stand their home nations come to us to be free more so than they could have ever been in their home nation. A government created “money supply” can never go broke. That is $100,000 for every single person on the earth. The only solution to the problem is to somehow create some debt free and interest free money.

I am really good at what I do but, cant pay off debt banking is not what I do. I am sure that there are reasons that this won’t work as I am not as educated as most of the commentators on here, but it is just a thought. The "M1" money supply includes all of the currency in the "M0" money supply, along with all of the money held in checking accounts and other checkable accounts at banks, as well as all money contained in travelers' checks. People need to be SELF-educated and vigilant in spirit, as our forefathers had insisted.

When we did that, we basically ‘stole’ the entire worlds gold that we had in our possession at that point. What we will see over the coming years is america losing it’s AAA rating and pushing debt higher we will see America losing it’s position as biggest economy on earth and we will witness the meteoric rise of Germany. If federal and state governments would grow, harvest, and sell trees it would raise revenue.

Yes the gov could have 200 trillion dollars but still couldnt actually pay the national debt off. I just read a report that only 85 million people actually pay Federal income tax….Low income familys 22% of soccial security etc don’t pay. You can roughly estimate your actual credit which fico score site score with this free score estimator. They are warning that such an audit could cause a financial disaster. At current mining rates, assuming that the gold existed, it would take 87,000 years to mine enough to pay off the debt only if it was frozen right now.

The massive amount of damage and ruination these bankers can inflict is beyond belief, but it has to be done. We just can’t give up,I’ve got another 30 years of life left. Support small businesses from start up to bad credit start up business loans in dfw the realization of their ultimate she. Then legally the banks now can loan out $20 trillion dollars. As of mid-2009, the Federal Reserve said that this amount was about 908 billion dollars. It is quite possible that the debt be paid off over five years and the value added to the economy through increasing resources, making materials cheaper, promoting healthier homes is greater than the amount that was borrowed.

The Fed is owned by private banks, here is a link to that fact. If we continue to take in chinas products it obviously will continue to get much worse. And so far, money and finance is the most effective and deceptive means of accomplishing this. They are loaning based on fractional cant pay off debt reserve lending.

There is no way we can grow our economy to pay those debts and sooner or later the day of reckoning is approaching. A debt consolidation loan from barclays bad credit debt consolidation unsecured loans could help you better manage your. What’s your meaning of the term growth relative to monetary policy.

Check your credit report and credit score from experian uk. The money supply cannot be increased further without collapsing the dollar. We are always seeking hard working, dedicated job listings now hiring individuals to join our team. The insanity of the article can be summarized in this passage, “You see, this is what the whole Federal Reserve System was designed to do. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

Plus if you got the debt back down to half of GDP, no-one would be concerned. In fact, it can almost seem like playing 3 dimensional chess. If we are in an impossible to beat financial crisis why would money lenders keep.

Because if we keep to this system, everything will eventually collapse, and they’ll hold all the power. People open your eyes, this whole world is a conspiracy and nothing can or will be done unless and until the individual gets fed up and starts fighting back. It is right to try to scare people but you need a call to action – people should ask themselves, am I borrowing productively. If we did that every year for 4000 years that would just do it, assuming no new debt… great plan. But in reality, only $100 actually exists.

It’s a basic human need to compete. As one of the founding fathers said, you can not give up cant pay off debt freedom for security because you will have neither. In the meantime the money to pay the interest is never created. Every time a credit card gets issued we are adding to the money supply. Let if China asks US to let 10 millions Chines to immigrate in USA in return of some write off. First of all, eliminating all US debt should not be the goal.

BTW- all the money the government collects and then redistributes through medicare/medicaid/social security, etc. But the Federal Reserve is NOT a government agency and it DOES make profits. I also don’t have any unfunded future obligations that will add to my annual outlay and increase my borrowing needs. GAAP accounting is what is used by all the major firms on Wall Street and it is regarded as a much more accurate reflection of financial reality.

That total value of all physical assets in the United States, both publicly and privately owned, is somewhere in the neighborhood of 45 to 50 trillion dollars. When money is loaned, new (checkbook) money is created, when the loans are paid back, the (checkbook) money is destroyed. Have you tried to borrow any money lately.

Let that one come crashing down and see where we end up. Congress could easily do that but not only do they seem unwilling to do that they have shown themselves to not even understand the problem much less understand a solution. The Rothschilds were the ones who financed the First World War, so devastating in death and destruction but ever so profitable to the winners, Britain and France. Telephone search engine that returns the cell phone number search city, state, and country of any phone. So screw them borrow all we can and stick it up there ass for a change.

If only they weren’t so corrupt, and let the failures fail so that successful businesses could take them over and get rid of the corrupt ones, we would not be in this mess. The government were to cut expenditures such that they ran a surplus of total interest + $x and then applied that surplus to the interest and $x of principle each year… eventually we would hit the % of GDP target and be done. In almost every case, government borrowing is bad.