There entirety of the assets of the United States and the assets of the individual citizens of the United States wouldn't cover the debt and long term liabilities of the United States Government. Not to mention that attempting to seize those assets would devalue them. No, promises made will not be kept. Secession on the other hand, would be an interesting twist.
Cover? I said nothing of the sort. The world banks are holding paper on bad loans. The mistake is theirs.
attempting to seize those assets would devalue them
On the global markets? That's not the point of seizing the farm lands from William Gates III. He is a criminal, his assets are forfeit, and we will coup anyone we want. Now name one thing we need from any other country on the planet. Take your time. I'll circle back.
Your assumption that ONLY "world banks" hold Treasury Bills is not accurate. 8 Trillion or so are held by American investors IRAs 401ks individuals. Obviously, they took a risk in loaning the U.S. government money, but now you've defaulted, and no one will loan you money. Cool, but Social Security Medicaid and Medicare fall, and the federal government cannot borrow money. I'm OK with it, but to casually wave your hand and pretend that there won't be consequences is short sighted.
My point still remains. It's either default (not paying the money back), or hyperinflation. In the history of man, I can't think of a single instance where the government did not choose to hyperinflate.
"8 Trillion or so are held by American investors IRAs 401ks individuals."
Which can be backed by a government controlled currency, where it's limited supply will be deflationary.
" no one will loan you money."
Loan us money? The fractional banking system is a ponzi scheme. That's not real money. That's a shell game, and we need to exit it.
"to casually wave your hand and pretend that there won't be consequences is short sighted."
And to go along with this ponzi scheme for 400 years is madness. People who loan out more money than they actually hold are not performing honest business. These aren't real banks. They hold 500 trillion worth of debt, and the money doesn't exist to pay it back because it is all debt based. We don't pay them, the government creates it's own currency. They cease to exist.
", I can't think of a single instance where the government did not choose to hyperinflate."
There entirety of the assets of the United States and the assets of the individual citizens of the United States wouldn't cover the debt and long term liabilities of the United States Government. Not to mention that attempting to seize those assets would devalue them. No, promises made will not be kept. Secession on the other hand, would be an interesting twist.
Cover? I said nothing of the sort. The world banks are holding paper on bad loans. The mistake is theirs.
On the global markets? That's not the point of seizing the farm lands from William Gates III. He is a criminal, his assets are forfeit, and we will coup anyone we want. Now name one thing we need from any other country on the planet. Take your time. I'll circle back.
Your assumption that ONLY "world banks" hold Treasury Bills is not accurate. 8 Trillion or so are held by American investors IRAs 401ks individuals. Obviously, they took a risk in loaning the U.S. government money, but now you've defaulted, and no one will loan you money. Cool, but Social Security Medicaid and Medicare fall, and the federal government cannot borrow money. I'm OK with it, but to casually wave your hand and pretend that there won't be consequences is short sighted.
My point still remains. It's either default (not paying the money back), or hyperinflation. In the history of man, I can't think of a single instance where the government did not choose to hyperinflate.
Which can be backed by a government controlled currency, where it's limited supply will be deflationary.
Loan us money? The fractional banking system is a ponzi scheme. That's not real money. That's a shell game, and we need to exit it.
And to go along with this ponzi scheme for 400 years is madness. People who loan out more money than they actually hold are not performing honest business. These aren't real banks. They hold 500 trillion worth of debt, and the money doesn't exist to pay it back because it is all debt based. We don't pay them, the government creates it's own currency. They cease to exist.
This is good for bitcoin.