Half a Trillion Paid in Interest on the $16T US Public Debt

>backbone
kek i think usury is the word you are looking for
We should never pay banks to create our own currency.
pic related the primary dealers that issue our currency in the form of debt out of thin air
also, we don't practice capitalism, either. The Fed is living proof of that

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dont think so, do some research

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kek, it's not federal and there is no reserve.

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Or get 320 million people to work for 1 year

You don't understand what treasuries are you dumb shit. The national debt are SAVINGS, your fucking savings in the form of bonds.
Theres public debt and there's private debt. The 'money created by lending out of thin air' by private banks is private debt. Money spent by the government and borrowed/saved in Treasury bonds is public debt and its necessary to keep it circulation to keep the interest rate above zero.
Debt is your wealth you fucking stupid shit lmao

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good explanation
Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison (Reference 1, 14). The FED banking system collects billions of dollars (Reference 8, 17) in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).

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>The national debt are SAVINGS, your fucking savings in the form of bonds.
lol nice try. you are so wrong im not going to bother replying

The United States needs to nationalize the big banks or create a series of state banks and begin to issue US notes. There would be little need to issue bonds if we issued our own currency. Why would a country pay banks to issue/create its own currency?

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Are you drunk?

The debt is savings, it's wealth if you don't understand such simple concept you are a retard
If you put your money in a banks savings account, that's debt. The bank owes you. That's what national is. Retarded fucking shit.

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Fucking kek

>The debt is savings,
lol what should i expect from a peruvian
south american economics

Let the retardation flow through you

>nothing paid toward the principal
That's a half truth at best. Huge amounts of national debt is bought and paid within a few weeks or days.

It literally is do some research retard. You can literally Google it right now

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simple answer.

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I eat, sleep and breathe the Fed and their days are numbered. They have done it to themselves. Trump is only accelerating their demise.

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That is insane.

US yield curve inversion
negative interest rates in europe
kek

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Easy. You become an Islamic state, criminalize usury, and issue indictments for all bankers, then publicly hang them in a sports stadium with a mandatory telecast on all TV stations, shown in every classroom, then have Trump step on stage while they wriggle and shout "SIC SEMPER TYRANNIS!"

To phrase what he's trying to say better, a massive portion of the national debt is owed to the American people for things like bonds and such.

lol
no violence, please

Thanks for trying to make sense out of his drunken/banking shill/just plain stupid posts.
The SINGLE largest holder of our public debt is the Fed itself at about $4T. Even China doesn't hold that much.
thebalance.com/who-owns-the-u-s-national-debt-3306124

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The $2.46 trillion here does not account for the $1.5T of MBS on the Fed balance sheet

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Wrong retard

you should protest by refusing to work for currency

i like barter alot
unit banks are interesting, too

pic Historical and projected US Federal Government revenues and spending from 2018 GAO financial report

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Debt is wealth...Freedom is........

where have we heard this one before?

make your own bread

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some of the lowest quality shilling there

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Again the debt are savings. Public debt = private savings. How many times do I have to say this?
If I'm a bank and every user here puts $100 in a savings account I will owe them $100 each, my total 'debt' will be X*$100. Am I going broke because people are putting money in savings accounts?
You simply don't understand simple finances. Every financial asset has a matching financial liability

that is exactly what i am saying idiot.

Modern finance capitalist could not exist without usury. Capitalism has never existed without usury. Capitalism is at its heart usury, where one person gains from anothers work by doing nothing. Capitalism is the system based on private property and so capitalism is a usurious system

Complaining about paying interest is antisemitic. Knock it off.

Why cant the US just drop a warhead on the federal reserve?

>tfw you put your savings in the bank
>the bank saves the money in the form of bonds (generating 'debt')
>tfw you drop a warhead and lose all your money because you are retarded
The debt is wealth

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Because a bunch of assholes exploited the Panic of 1907 and Wilson sneakily signed the Federal Reserve Act on December 23, 1913.

>Capitalism is the system based on private property and so capitalism is a usurious system
holy shit this is a leap
on the side:
note not one bank is repeated twice

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>the debt is wealth
wealth for the banks in the form of usury

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Fucking dumbass. The US GDP is around 20 trillion. The 2018 US tax revenue was 2.5 trillion. Just because your don’t-know-shit-about-economics can’t wrap you head around how this shit work doesn’t mean it’s all bullshit. Now fuck off to bitcoin or gold or whatever shit you think is “real”.

Govt sells “national debt” to conduct a “reserve drain”. This removes excess reserve balances that the banks don't want or need, replacing those with interest-bearing Notes. It helps Capitalism work properly by pushing interest rates above zero.

T-Notes aka National Debt also provides safe storage for wealth Assets.

We like having the existence of wealth & money, right?

No it doesn’t. The Federal Reserve, which is regulated but is private, issues US currency. It controls the US money supply by buying and selling US Treasury Bills. When they want to issue more money, they buy T-Bills and pay for them with Federal Reserve Notes. When they want to decrease the money supply they sell the T-Bills back. They also collect the interest from those T-Bills. This is why the US has a “debt-based” monetary system. The last time the US Treasury issued “United States Notes” was during the Kennedy Administration.

>capitalism is usury
is this nigger serious

Because congress wanted to shirk their duty. They are the only people who should be deciding how much money we print not some kike ass private bank operating on usury slavery

let me say it slowly:
we need to issue our own currency, it would solve multiple problems, including making deficits irrelevant, paying interest to our own treasury, paying off the principal, releasing us from the disproportionate death-like grip the financial sector has on our country and its policies, demand the primary lenders are wholly capitalized and operate safely in our country, fulfill the constitutional requirement that banks are only to be chartered by state, not federal governments

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capitalism doesn't require a central bank (along with artificial interest rates) to work properly

You don’t know what “capitalism” nor “usury” actually mean.

The idea is if you have all that interest that you need to constantly pay off forever then it guarantees your currency will exist forever and with it the financial apparatus of the state. I think its all bullshit personally but that's the working assumption as to why from a structural perspective.

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>right screams about the deficit and national debt for 8 years straight under based black man
>trump gets into office and continues the same expensive debt increasing shit but accelerates it even more
>not a peep from the right

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>Because congress wanted to shirk their duty. They are the only people who should be deciding how much money we print
thank you, i have been dealing with the drunk, banking shill peruvian for an hour now

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Tbh I have no idea how the (((monetary system))) even works

you get rid of the fed you're still a slave

I don't understand how the Federal Reserve Act was passed without being a Constitutional amendment

>Tbh I have no idea how the (((monetary system))) even works
you can't win so don't play, trade and share your own natural life materials is basically the only way out of this,

victory gardens

it's not, they never got enough signatures on it, but somehow we all go along anyway because her majesty said so, based former child prostitute

>right screams about the deficit and national debt

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and the house, too

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Congress wrote the Law to create the Fed and has changed those laws over 200 times since 1913.

One job assigned to Fed by Congress is to maintain stable interest rates, especially on a day to day basis, so rates don’t jump around like Bitcoin prices. You don’t want 0.5% one day and 7% the next day.

A 2nd job assigned to Fed by Congress is a general suggestion to try to keep unemployment low … but Congress has much more power to affect that, via spend decisions and tax decisions, than the Fed can affect that by monkeying with increasing or decreasing interest rates. Fed can set the interest rate on Fed Funds (which banks borrow “overnight”), and can set interest rates on longer term Treasury Securities.

This process ultimately but indirectly affects what interest rates are paid by companies and business to banks for credit, such as mortgage loans.

Here’s our choices:

Start using a foreign central bank and foreign currency — like the European Union and Euro. That’s f’d. European technocrats bleed dry poor countries and even strangle rich countries. Unelected financial bureaucrats dictate Eurozone govt’s economic policies.
AND there’s not enough Euros in circulation for global commerce compared to US Dollars.
Basically, surrender all US economic and financial power and tell Europe or China to take over our lead role because we are losers and we quit.
Amend the Constitution, Article One, to allow Treasury to “print” dollars by themselves. At the same time, re-define basic accounting. Since the days of stone-age accounting (early agriculture in Mesopotamia), every financial asset is matched with a financial liability, somewhere.

>While there were reasons that a mixed public-private central bank and regulatory system may have made sense at the start of the last century, this is no longer the case today. The United States is the only major economy with this sort of mixed approach. The Bank of England, the Bank of Canada, the Bank of Japan, and the European Central Bank are all purely public entities. It is recognized that the conduct of monetary policy, along with the lender of last resort and regulatory functions of the central bank, are necessarily responsibilities of the government.
this is not a new idea, it has been buried by the media

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>The Bank of England, the Bank of Canada, the Bank of Japan, and the European Central Bank are all purely public entities
This is a giant lie, as they are all part of the BIS, but still a good paper on fed reform (i would prefer abolition)

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While accounting does need overhaul, not doing double entry accounting isn’t the problem. Accounting isn’t up to dealing with the huge abstractions of a modern economy. Before, the most abstract you tended to get was depreciation and in process r&d. That last one was totally fucking exploited by a bunch of companies, McAfee for example, because they we able to use one time charges for in process r&d to mask operation losses. It was supposed to be a conservative rule so acquisition value couldn’t be inflated. Unfortunately, it was completely inadequate for valuing software (and other IP-heavy industries). This is one small example that had a big impact, but it’s representative of how complex the problem is. Not to mention that there are two huge systems GAAP and IFRS. Fixing the whole thing is going to need much more than properly using a ledger.

>surrender all US economic and financial power and tell Europe or China to take over our lead role because we are losers and we quit.
are you telling me you are an american in peru?

REMEMBER THE 21 GORILLION OF TAXPAYER DOLLARS THAT DIED FOR ISRAEL!!!!

msutoday.msu.edu/news/2017/msu-scholars-find-21-trillion-in-unauthorized-government-spending-defense-department-to-conduct/

Because we are a debt-based Jew-owned slave-state.

Everything is a lie. It's not supposed to be fair. It's deliberately deceptive. The entire point is to create a control system that has total control of everyone's decisionmaking ability.

The reason it feels terrible and evil is because it is terrible and evil. We are living in Hell.

People are so owned by the Sugar, Alcohol, Weed, Porn, Social Media, etc that they can just barely get through each day of consumption and sadness.

This is the magnitude of the problem and why the only hope is a massive anti-Establishment movement.

yeah and I bet you say
>it's better to have a weaker currency
>the economy is too strong

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the hebrew people couldn't do that alone, i am sure there are plenty of christian conspirators

>When will the US issue its own currency?
when Trump revokes the Federal Reserve Act of 1913 and declares bankruptcy on the U.S. SOON. TRUST THE PLAN! CONSEQUENCES!

but i think you are right about everything else

ok im going to explain something that others have but i wont sugar coat it and i wont have some little girl acting as a mouth piece pretend the world can work any other way

EVERY bank is a ponzi scheme. the simple fact that they have to invest money you deposit in order to keep the lights on , please investors in the bank as many are publicly traded , and pay for fancy vacations and large pay rates of top executives makes it impossible for them to simply hold your money. they dont make money if they just hold it and would operate at a loss every quarter and well close down

as a result the money thats tied up in investments like 75% of what the bank has is always in peril. no investment is safe. when you take money out they cant dump shit that second to cover it. thus we have M1 . M0 is all the real money in the world converted to 1 currency unit. M1 is M0 plus all the money the banks claim they still have when you or any one pays for anything or withdraws money from a account. due to this most countries have a deal where a portion of currency counted as being real will be granted annually. this puts a burden on central banks or the fed which is not a real central bank as it lacks 2 things to make it a standard central bank but thats for another time

anyways thanks to this at any point banks can go under if M1 goes way past what will be granted at the end of the year which isnt a flat rate but since it does burden central banks and the fed is limited. if they did not award money to banks for simply claiming they had it all banks in the west at least would have gone bankrupt already

you live a lie . you do not live in a 1st world country. you live in a dead 3rd world country that has taken out a loan. a big loan. one it cannot pay off and future generations would pay for. thats what people understood 4 decades ago. guess what. the repoman cometh

Because it's anti-Semitic if you don't

>i wont have some little girl acting as a mouth piece pretend the world
and who is that?

fractional reserve banking is the worst sort of ponzi scheme, in addition to charging interest to issue our currency, they can lend it out while not even having any
the fed is a fucking con

years ago there was a banker who accidentally saw one of the Rothschild bank accounts that of course wasn't on the books and he said the amount was in the trillions

read or watch Princes of the Yen by Werner. There's vid of it on bitchute and the book is better but hard to get. Its the best book on the power of a central bank I've found.

imagine all the wars that could have funded!!

can the foreign aid we pay to israel be considered interest payments or is this separate?

It can't be paid off, that's the point. The (((banks))) don't care, they're not after money, they want complete control of the government
>and spoiler alert: they have it

Also, the last President to tackle the (((Federal Reserve))) was JFK, and he was a few months later. Ain't gonna happen again.

Abolish the Federal Reserve under Article 1 Section 8 Clause 5 of The Constitution now!

"The Congress shall have Power To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;"

Andrew Jackson also fought central banks (and won) before JFK. Now he's on the $20 of the Federal Reserve Note. Sad.

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bump went for a bicycle ride

do you want the biggest bank to be government, or the rothschilds?

god damn retarded ass libertarians are worse than their jewish tail waggers

sad but true

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