Long ago when you first heard that the Jewish holo-hoax is a lie, you were briefly skeptical. How could it be a lie if everyone believed it?
Likewise you will be initialy skeptical about what I’m about to explain to you. How could it be a lie if everyone believes it?
Let’s start with a comment by David Duke, chosen at random. It was in a video that Sullivan recently posted.
David Duke says that “Zionist wars” are bankrupting the USA. Is he correct?
Imagine you can print money in your home, and that the money is your city’s currency. You do not need any income for your expenses, and you can never go bankrupt, since you print your own money. For you, debt and deficits are meaningless.
To ensure that your city uses only your currency, and that only you are allowed to print it, you demand that most of your neighbors regularly give back some of those dollars that you printed and issued. This give-back is called “taxes.” If your neighbors refuse to give back some of the printed money, then you will have other neighbors attack them.
Whatever money your neighbors give back to you (i.e. tax revenue) you throw into a furnace in your cellar. You do not need that money, since you have a printing press. You only demand that money in order to maintain your unique power to print the currency, and thus maintain your power over your neighbors.
Some of your neighbors are personal friends of yours. For them, you print all the money they want. Meanwhile you tell your other neighbors, “I can’t print money for you. We are broke. Our debt is too high. You must have austerity. I will only continue to print money for my personal friends. It’s a matter of national security.”
In this way, you and your personal friends rule as gods, while all your other neighbors bicker and grovel in poverty. For you and your personal friends, the game is not about wealth, since you print all the wealth you want. It’s about power.
This is exactly the situation with the USA, which issues its own currency. Always remember the image of a printing press in your house. Remember the simple difference between you and everyone else. You can print money. They cannot. Thus, “finances” means one thing for you, and a different thing for them. For you, “finances” are simply the money you print. For them, finances are complex and confusing.
>If you can print money, then you can never go bankrupt. Likewise, the USA can never go bankrupt.
>If you can print money, then you need not “live within your means,” since you have limitless means. Likewise, the US government has limitless means.
>If you can print money, then the terms “debt” and “deficit” are meaningless to you, but you use the terms anyway, in order to maintain your power. Likewise, the terms “debt” and “deficit” are meaningless to the US government, but bankers and politicians use the terms anyway, in order to maintain their power.
>If you can print money, then you have no need for tax revenue. Likewise, the US government has no need and no use for tax revenue (except to maintain the scam).
>If you can print money, then none of your neighbors will be poor unless you will it. Likewise, Medicare and Social Security can never go “broke” or insolvent unless the bankers and their friends will it.
WHY THE LIE?
The bankers, the politicians, and the One Percent want you to grovel before them. They constantly talk about economics, but their claims have nothing to do with economics. It’s all about power. That’s why they falsely claim that there is no money for social programs (but there is endless money for wars and bailouts). They falsely claim that the USA does not issue its own currency. They falsely claim that the US government is funded by tax revenue. They falsely claim that national finances are the same as personal finances. They falsely claim that the terms “debt” and “deficit” are applicable to federal finances.
For an individual, “debt” is money owed. For the U.S. government, “debt” is not a debt at all. It is simply money that people have invested in Treasury securities. It has nothing to do with taxes, or with the government’s ability to pay its bills. Nor does it threaten the USA with “bankruptcy.” (Remember, you can print money in your home.)
Although the terms “deficit” and “national debt” are meaningless at the national level, the corporate media repeats them a thousand times each day. This lets bankers maintain an artificial scarcity of money, so they can maintain their tyranny.
Each time you read or hear the words “deficit” and “national debt,” you are being lied to. The context does not matter. The subject does not matter. The source does not matter. When the words “deficit” and “national debt” appear, the rest of the article will be nothing but lies. Period.
The lie is supported by anyone who falsely claims that the USA is “going bankrupt.”
The lie is also supported by “progressives” who say the rich must be taxed. It is supported by Republicans who say the rich must not be taxed. Both calls are meaningless, since the USA has no need and no use for tax revenue. The USA creates its own money.
Politicians and idiot “progressives” claim that, “Total federal debt has now surpassed the size of the entire U.S. economy.”
So what? The federal “debt” is not a debt. It is simply money that people invest in T-bills. This money has no relationship whatever to the economy. It’s like comparing dollars invested in Walmart stock with the Gross Domestic Product. It’s meaningless.
For an individual, debt means debt. For a monetarily sovereign nation like the USA, debt is profit, since the mis-named national “debt” is simply the value of T-bills that people have purchased. The more T-bills purchased, the more confidence investors have in the USA. Thus, a $16 trillion “national debt” is actually a $16 trillion national profit. Rather than the government being in “debt,” the government has sold investments. The only reason to use the term "debt" is to maintain the power of bankers.
When T-bills mature, the government must pay the principle, plus interest. Hence, the government is in debt after all, right? Wrong. The government simply creates money to pay for everything, including interest. The national “debt” is money the government owes itself.
Think about it. How can a government have a "debt" and a “deficit” when the government creates its own money?
But there must be some reason why these terms are used, right? Yes. The reason is to maintain the lie. It’s like constantly repeating “holocaust” as though it were an objective fact. When any lie is repeated often enough, the masses accept it as "true."
The bankers and their cronies want you to think that the USA has a "national debt," and that this "debt" means imminent bankruptcy, so that you submit to slavery. The reality is just the opposite. Since the national “debt” is not a debt (instead, it is dollars invested in T-notes), the larger the “debt” (i.e. investment in Treasury securities), the larger the GDP. A larger GDP means there is more money for people to invest in T-bills.
There are two ways that money and credit get into the economy. One is by government spending. The other is by bank lending. If you cut government spending, then you cut money out of the economy, thereby creating a depression.
However the bankers, the politicians, and the One Percent claim the opposite. They claim that the way to ease a depression is to worsen the depression by reducing federal spending on social programs, thereby reducing the money supply.
Economists and politicians who promote these lies are not "misguided." They do it intentionally, in order to gain power.
If you believe the LIE of the Jewish holo-hoax, then you will think, “I’m not smart enough to figure out history.”
Likewise, if you believe the LIE that national finances are the same as individual finances, then you will think, “I’m not smart enough to figure out money.”
In both cases it’s a con game. The “national debt” has nothing to do with economics, just as the holo-hoax has nothing to do with WW II. The holo-hoax never existed. The US “national debt” never existed. How can you have a “national debt” when you print your own money?
Some people say we must reduce the deficit. Others say the opposite: we must have deficit spending to stimulate the economy. Both claims are in error. We need government spending, but “deficit” is meaningless, no matter what we say about it. It’s like bickering about how severe the “holocaust” was, when the “holocaust” never existed at all.
The One Percent has so brainwashed the masses that the masses reject the truth about national finances, just as they reject the truth about the holo-hoax. If you explain the financial scam, then the average person will call you an idiot – just as the average person will call you an idiot if you expose the Jewish holo-hoax.
“Of course we are going bankrupt! It’s obvious!”
Yes-- just as the “holocaust” is “obvious.”
Nations that use the euro currency are different. They cannot print their own money. (For a while they could issue sovereign bonds, but no longer, since they really do have national debts, and their debts are too high.)
Politicians in euro-nations made a Faustian bargain with Satan (i.e. Troika bankers) who told them, “If you surrender your monetary sovereignty to me, and honor me as your lord, and remain loyal to me, and sacrifice your peasants to me, then I will let you rule as princes in your own realms.”
For the USA it is not possible to ever go “broke,” or run out of money to pay its expenses. For euro-nations it is just the reverse. It is not possible to ever NOT be broke. They can never pay their debts, since they do not issue their own currency. The only money they have is what the Troika bankers give them, which is never enough, since the bankers want slaves. Thus, Europe’s depression will continue to worsen until the nations finally dump the euro currency.
And yet, the Troika bankers and European One Percent have so brainwashed the masses that most Europeans defend the euro currency that is killing them.
I hear that voice in your head saying, “This seems logical, but there must be an error in it somewhere.”
That same voice arose when you first started questioning the holo-hoax, or 9-11.
Some people claim that “Social Security is broke. They say there is not enough money paid in to balance the money paid out.” Again, this is a meaningless lie. The USA issues its own currency, remember? It does not need or use FICA taxes. The FICA taxes are simply part of the scam. Medicare and Social Security can never become “bankrupt” or insolvent, unless the government wills it.
Even if FICA taxes were eliminated, and benefits were tripled, Medicare and Social Security could continue paying benefits forever. The only reason to cut Medicare, Medicaid, and Social Security is that they benefit the 99% more than the 1%. This does not mean the programs take anything from the rich. (The USA issues its own currency, remember? ) Social Security must be eliminated to crush the masses.
Incidentally, do not worry that rich people and big corporations pay no taxes. The federal government does not need or use tax money anyway. (The USA issues its own currency, remember? )
For Republicans, Tea Party morons, and many “progressives,” the top priority is not to create jobs, or end the depression, but to cut government spending on social programs – thereby worsening the depression. These clowns think that reductions in federal spending (a.k.a. “austerity”) will magically stimulate economic growth, and that Social Security, Medicare and Medicaid benefits, which put money directly into consumers’ pockets, somehow reduce economic growth.
As always with hideous scams, this is the exact opposite of the truth.
The liars claim that the federal government should spend less to build and repair roads, bridges and dams. Less to inspect food and medicines. Less to inspect banks and financial brokers. Less to help victims of natural disasters. Less for educational services. Less to protect our bank deposits. Less for the Library of Congress and federally supported museums. Less for research and development to cure disease. Less for occupational safety. Less for science. Less to preserve national parks. The list goes on and on.
The truth (again) is that the more you cut federal spending, the more you create a depression.
When you read or hear the words “federal deficit,” or “national debt,” or the need to raise or lower taxes, you can be sure that the speaker / writer is either a liar, or is ignorant about reality.
Always remember the image if a printing press in your house. "Debt" and "deficit" mean nothing to you, and you do not need tax revenue, except to maintain your illusion.
So it is with a monetarily sovereign government like America’s.