Its literally impossible to pay off the national debt with a debt based CB currency, because as you pay off the debt with new dollars you are creating more debt. To even try to pay it off would crash the entire economy and create a massive deflation/depression.
But there is a way to fix the problem. With the negative interest rates the federal govt can now just borrow 20+ trillion new dollars at negative interest to service the old debt, and then have the treasury issue new currency 1 to 1 on the new debt. It would destroy the central bank (with the treasury taking over) and the national debt would be gone virtually overnight(at a profit no less). This is what Trump is actually doing I believe
Its literally impossible to pay off the national debt with a debt based CB currency, because as you pay off the debt with new dollars you are creating more debt. To even try to pay it off would crash the entire economy and create a massive deflation/depression.
But there is a way to fix the problem. With the negative interest rates the federal govt can now just borrow 20+ trillion new dollars at negative interest to service the old debt, and the have the treasury issue new currency 1 to 1 on the new debt. It would destroy the central bank (with the treasury taking over) and the national debt would be gone virtually overnight(at a profit no less). This is what Trump is actually doing I believe
Its literally impossible to pay off the national debt with a debt based CB currency, because as you pay off the debt with new dollars you are creating more debt. To even try to pay it off would crash the entire economy and create a massive deflation/depression.
But there is a way to fix the problem. If there are negative interest rates the federal govt can now just borrow 20+ trillion new dollars at negative interest to service the old debt, and the have the treasury issue new currency 1 to 1 on the new debt. It would destroy the central bank (with the treasury taking over) and the national debt would be gone virtually overnight(at a profit no less). This is what Trump is actually doing I believe
Its literally impossible to pay off the national debt with a debt based CB currency, because as you pay off the debt with new dollars you are creating more debt. To even try to pay it off would crash the entire economy and create a massive deflation/depression.
But there is a way to fix the problem. If there are negative interest rates the federal govt can now just borrow 20+ trillion new dollars at negative interest to service the old debt, and the have the treasury issue new currency 1 to 1 on the new debt. It would destroy the central bank (with the treasury taking over) and the national debt would be gone virtually overnight. This is what Trump is actually doing I believe
Its literally impossible to pay off the national debt with a debt based CB currency, because as you pay off the debt with new dollars you are creating more debt. To even try would crash the entire economy and create a massive deflation/depression.
But there is a way to fix the problem. If there are negative interest rates the federal govt can now just borrow 20+ trillion new dollars at negative interest to service the old debt, and the have the treasury issue new currency 1 to 1 on the new debt. It would destroy the central bank (with the treasury taking over) and the national debt would be gone virtually overnight. This is what Trump is actually doing I believe