Discussion » Statements » Rosie's Corner » Makes NO SENSE! Countries lend and borrow money from one another. WHY not pay our own bills and stop the merry-go-round?
RosieG

Makes NO SENSE! Countries lend and borrow money from one another. WHY not pay our own bills and stop the merry-go-round?

We are in a huge amount of debt to some nations who are in a huge amount of debt to us. How the he** does that make any sense to anyone? When did it start? Why did it start? Why doesn't the goofydoofylucy do something about THAT first instead of wanting more billions for more projects like walls we can't afford for which we will have to borrow even more money? It's crazy. Wacky crackpotty. Stupid dumb. Anyone who sees any sense to it at all will you please kindly explain it to me? Very truly yours...a very disgruntled citizen.  :(

Posted - April 7, 2018
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  • 1233
    Debt is the glue that holds globalism together. The prince of darkness wants control. It's not easy to control nations that are independent and self sufficient. It's easy when they are beholden to each other, and to him.

    Firstly, the debt countries owe to each other is chump change in the greater scheme of things. The vast majority of the what the nations of the world owe is to privately owned central banks, not each other. The U.S. government gives the fed license to create money out of nothing and lend that to U.S. government at interest. It's not part of the government. It's a private entity feeding on the U.S..

    The U.S. has cash flow problems. It runs a deficit year on year and has to make interest payments on the existing debt. The only way to avoid default is to continuously borrow more.

    Issuing U.S. government bonds is dangerous because the debt could be called in immediately. If the dollar ever fell sharply or interest rates got so low nobody wanted to hold U.S. treasuries, a large number of people would redeem their bonds at the same time. This would give the U.S. no choice but to immediately borrow the money from the fed (i.e. create it out of nothing). This would be inflationary. Why would anyone hold a bond if the yield is lower than inflation? So even more people would dump. It could trigger a massive collapse or the dollar and bring down the entire economy.

    ALL THIS IS BY DESIGN. This is what the right has been telling the left for decades. The U.S. is being economically conquered. Doing something about the debt is politically impossible because of people like you. You refuse to cut taxes. You refuse to cut spending. You refuse to stimulate the economy. You are focused on trivial spending like the wall, and refuse to cut the things that would actually make a difference. You prop up the corrupt establishment behind the central bank system. So I find such complaints pretty rich coming from you. This post was edited by Zeitgeist at April 8, 2018 3:19 AM MDT
      April 7, 2018 7:48 AM MDT
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