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	<title>Comments on: It Is Now Mathematically Impossible To Pay Off The U.S. National Debt</title>
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	<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt</link>
	<description>Are You Prepared For The Coming Economic Collapse And The Next Great Depression?</description>
	<lastBuildDate>Wed, 08 Sep 2010 19:58:34 +0000</lastBuildDate>
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		<title>By: Rene</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-8481</link>
		<dc:creator>Rene</dc:creator>
		<pubDate>Thu, 12 Aug 2010 21:44:48 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-8481</guid>
		<description>This goes to something I&#039;ve been wondering about: It is not just the government that prints money. Every time a credit card gets issued we are adding to the money supply. And this goes on without the government regulating how much credit the credit card companies issue. Consumers spend &quot;dollars&quot; but they were not issued by the government or the Federal Reserve, credit card companies issued them, or banks.</description>
		<content:encoded><![CDATA[<p>This goes to something I&#8217;ve been wondering about: It is not just the government that prints money. Every time a credit card gets issued we are adding to the money supply. And this goes on without the government regulating how much credit the credit card companies issue. Consumers spend &#8220;dollars&#8221; but they were not issued by the government or the Federal Reserve, credit card companies issued them, or banks.</p>
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		<title>By: John</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-8393</link>
		<dc:creator>John</dc:creator>
		<pubDate>Wed, 11 Aug 2010 00:57:58 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-8393</guid>
		<description>People look at the debt and don&#039;t consider the total unfunded obligations which have been estimated to be 75 to 100 trillion or more. There is no way we can grow our economy to pay those debts and sooner or later the day of reckoning is approaching.</description>
		<content:encoded><![CDATA[<p>People look at the debt and don&#8217;t consider the total unfunded obligations which have been estimated to be 75 to 100 trillion or more. There is no way we can grow our economy to pay those debts and sooner or later the day of reckoning is approaching.</p>
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		<title>By: Marc The Debt Elimination Guy</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-8392</link>
		<dc:creator>Marc The Debt Elimination Guy</dc:creator>
		<pubDate>Wed, 11 Aug 2010 00:55:18 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-8392</guid>
		<description>I think we reached the point of not being able to pay our debt back a while ago. It does not matter the FEd has a solution, monetize the debt and print money to buy it. That doesn&#039;t work either.</description>
		<content:encoded><![CDATA[<p>I think we reached the point of not being able to pay our debt back a while ago. It does not matter the FEd has a solution, monetize the debt and print money to buy it. That doesn&#8217;t work either.</p>
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		<title>By: Dang</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-8229</link>
		<dc:creator>Dang</dc:creator>
		<pubDate>Thu, 05 Aug 2010 00:48:45 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-8229</guid>
		<description>Actually you are wrong, you could pay off the debt to the zero amount. And it would only cost just 2 trillion to do so. And it is legal way to do it. An wouldn take along time to do. Talking here matter of days. Iam talking here for the u.s. gov to actually come up with 20 trillion dollars to pay the deby off. Yes the gov could have 200 trillion dollars but still couldnt actually pay the  national debt off. Only because some off the the people holding the debt wouldnt want to sell it. This would actually take along time to do. Any way here is the so simple answer for the u.s. gov to come up with 20 trillion dollars to pay the debt off. All it needs is 2 trillion dollars. It could print this, make a loan from the social secerty bank. Or even put some gov items for collateral. Some air craft carriers, spaceshuttle, the gold in fortknox, anyway we will say the get 2 trillion dollars in there hands from all this through bank loans an the deal is almost done now. Once this money is in the gov hands. All that is needed now is to but this money into reserve banks. Then legally the banks now can loan out $20 trillion dollars. This is called fractional reserve banking. for every 1 dollar the bank has in it it can loan out 10. An now the banks federal resreve banks can now pay off the national debt 15 trillion dollars an still have money left over. An also with all this money injected into the world the economy would take off to the moon.</description>
		<content:encoded><![CDATA[<p>Actually you are wrong, you could pay off the debt to the zero amount. And it would only cost just 2 trillion to do so. And it is legal way to do it. An wouldn take along time to do. Talking here matter of days. Iam talking here for the u.s. gov to actually come up with 20 trillion dollars to pay the deby off. Yes the gov could have 200 trillion dollars but still couldnt actually pay the  national debt off. Only because some off the the people holding the debt wouldnt want to sell it. This would actually take along time to do. Any way here is the so simple answer for the u.s. gov to come up with 20 trillion dollars to pay the debt off. All it needs is 2 trillion dollars. It could print this, make a loan from the social secerty bank. Or even put some gov items for collateral. Some air craft carriers, spaceshuttle, the gold in fortknox, anyway we will say the get 2 trillion dollars in there hands from all this through bank loans an the deal is almost done now. Once this money is in the gov hands. All that is needed now is to but this money into reserve banks. Then legally the banks now can loan out $20 trillion dollars. This is called fractional reserve banking. for every 1 dollar the bank has in it it can loan out 10. An now the banks federal resreve banks can now pay off the national debt 15 trillion dollars an still have money left over. An also with all this money injected into the world the economy would take off to the moon.</p>
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		<title>By: Kenneth Lowndes</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-8228</link>
		<dc:creator>Kenneth Lowndes</dc:creator>
		<pubDate>Thu, 05 Aug 2010 00:06:17 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-8228</guid>
		<description>Someone asked if this is all a joke.

Nope.

It is all for real.

The IVAMU can easily replace the doom and gloom of the Illegal Private Monoply on the production of money for use by the USA.

It is our time to repudiate this phony monopoly money system.

It is all a major con job, but the IVAMU? It is for real.

http://www.ivamu.com/</description>
		<content:encoded><![CDATA[<p>Someone asked if this is all a joke.</p>
<p>Nope.</p>
<p>It is all for real.</p>
<p>The IVAMU can easily replace the doom and gloom of the Illegal Private Monoply on the production of money for use by the USA.</p>
<p>It is our time to repudiate this phony monopoly money system.</p>
<p>It is all a major con job, but the IVAMU? It is for real.</p>
<p><a href="http://www.ivamu.com/" rel="nofollow">http://www.ivamu.com/</a></p>
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		<title>By: backhoebob</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-7786</link>
		<dc:creator>backhoebob</dc:creator>
		<pubDate>Tue, 27 Jul 2010 21:18:19 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-7786</guid>
		<description>The fact that the constitution states that only congress can print $ makes the fed and its charter  a fraud.  Meaning that the US Gov can legally walk away from any of the fraudulent dealings that have transpired.</description>
		<content:encoded><![CDATA[<p>The fact that the constitution states that only congress can print $ makes the fed and its charter  a fraud.  Meaning that the US Gov can legally walk away from any of the fraudulent dealings that have transpired.</p>
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		<title>By: sir jorge</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-7735</link>
		<dc:creator>sir jorge</dc:creator>
		<pubDate>Tue, 27 Jul 2010 00:55:44 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-7735</guid>
		<description>we had a good run</description>
		<content:encoded><![CDATA[<p>we had a good run</p>
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		<title>By: TedL</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-6950</link>
		<dc:creator>TedL</dc:creator>
		<pubDate>Fri, 16 Jul 2010 13:38:09 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-6950</guid>
		<description>As long as our overall economic output (GDP) is strong, we’ll have a – at the very least – a satisfactory economic outlook. If our capacity to repay the debt-- &lt;b&gt;even if we don’t actually repay it&lt;/b&gt; -- ever drops &lt;i&gt;significantly&lt;/i&gt;, then we’re in trouble.

In other words, there are no indications that the doomsday scenario some of you have in your head will ever play out.</description>
		<content:encoded><![CDATA[<p>As long as our overall economic output (GDP) is strong, we’ll have a – at the very least – a satisfactory economic outlook. If our capacity to repay the debt&#8211; <b>even if we don’t actually repay it</b> &#8212; ever drops <i>significantly</i>, then we’re in trouble.</p>
<p>In other words, there are no indications that the doomsday scenario some of you have in your head will ever play out.</p>
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		<title>By: Eric</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-3903</link>
		<dc:creator>Eric</dc:creator>
		<pubDate>Fri, 28 May 2010 06:20:38 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-3903</guid>
		<description>After reading this article (or whatever it technically is) I realized how little I knew, and how little the the public knows, about the banking and debt issue we&#039;re currently in. And in my current state of new enlightenment, I&#039;ve realized something. 

From everything said in the article, and along with most everything that people said in the comments, I&#039;ve realized one thing: all humans are capitalists at heart. We&#039;re all competitors. Humans have a base instinctive need to compete with and surpass one another, create hierarchies to cement their positions above the weak, and ensure that no one can usurp their power. 

This observation doesn&#039;t directly relate to the money issue primarily, but if you break it down enough, this is what it is. Though probably complex and difficult, I do not doubt that there are ways to solve the current debt issue. However, the problem is, the people in charge (the wealthy and the politicians) don&#039;t want to solve it. Because if we keep to this system, everything will eventually collapse, and they&#039;ll hold all the power. The same goes for most banking systems in the world. It was flawed to begin with, but it was built to be that way.

Again, maybe I&#039;m breaking this down too much, but I just see the whole thing as another way for people to obtain power and &quot;rise&quot; above the weak. It&#039;s a basic human need to compete. And so far, money and finance is the most effective and deceptive means of accomplishing this.</description>
		<content:encoded><![CDATA[<p>After reading this article (or whatever it technically is) I realized how little I knew, and how little the the public knows, about the banking and debt issue we&#8217;re currently in. And in my current state of new enlightenment, I&#8217;ve realized something. </p>
<p>From everything said in the article, and along with most everything that people said in the comments, I&#8217;ve realized one thing: all humans are capitalists at heart. We&#8217;re all competitors. Humans have a base instinctive need to compete with and surpass one another, create hierarchies to cement their positions above the weak, and ensure that no one can usurp their power. </p>
<p>This observation doesn&#8217;t directly relate to the money issue primarily, but if you break it down enough, this is what it is. Though probably complex and difficult, I do not doubt that there are ways to solve the current debt issue. However, the problem is, the people in charge (the wealthy and the politicians) don&#8217;t want to solve it. Because if we keep to this system, everything will eventually collapse, and they&#8217;ll hold all the power. The same goes for most banking systems in the world. It was flawed to begin with, but it was built to be that way.</p>
<p>Again, maybe I&#8217;m breaking this down too much, but I just see the whole thing as another way for people to obtain power and &#8220;rise&#8221; above the weak. It&#8217;s a basic human need to compete. And so far, money and finance is the most effective and deceptive means of accomplishing this.</p>
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		<title>By: Dave</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-3124</link>
		<dc:creator>Dave</dc:creator>
		<pubDate>Tue, 11 May 2010 21:08:35 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-3124</guid>
		<description>Looking at a point in time of US Dollars in physical existence + having to pay off all debt at once is a fallacious way of looking at this issue. Not to say that there isn&#039;t a serious issue at hand--because there is.

First of all, eliminating all US debt should not be the goal. US debt (in the form of US Govt bonds) is an important investment vehicle to individuals and other governments and serves many other purposes that I won&#039;t go into here.

The goal should be: to contain debt by covering the interest on debt plus managing the principle to a minor fraction of GDP.

One method for doing this is the following: The government were to cut expenditures such that they ran a surplus of total interest + $x and then applied that surplus to the interest and $x of principle each year... eventually we would hit the % of GDP target and be done.

BTW- all the money the government collects and then redistributes through medicare/medicaid/social security, etc. is NOT retired and therefore can be repaid to the government in a future period in the form of taxes. Only the interest and principle owed to the Fed is retired.

Make sense?</description>
		<content:encoded><![CDATA[<p>Looking at a point in time of US Dollars in physical existence + having to pay off all debt at once is a fallacious way of looking at this issue. Not to say that there isn&#8217;t a serious issue at hand&#8211;because there is.</p>
<p>First of all, eliminating all US debt should not be the goal. US debt (in the form of US Govt bonds) is an important investment vehicle to individuals and other governments and serves many other purposes that I won&#8217;t go into here.</p>
<p>The goal should be: to contain debt by covering the interest on debt plus managing the principle to a minor fraction of GDP.</p>
<p>One method for doing this is the following: The government were to cut expenditures such that they ran a surplus of total interest + $x and then applied that surplus to the interest and $x of principle each year&#8230; eventually we would hit the % of GDP target and be done.</p>
<p>BTW- all the money the government collects and then redistributes through medicare/medicaid/social security, etc. is NOT retired and therefore can be repaid to the government in a future period in the form of taxes. Only the interest and principle owed to the Fed is retired.</p>
<p>Make sense?</p>
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		<title>By: Adam Cassidy</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-3047</link>
		<dc:creator>Adam Cassidy</dc:creator>
		<pubDate>Tue, 11 May 2010 00:33:20 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-3047</guid>
		<description>Dead on and concise analysis of the bloated demon sucking upon the flesh of each and every person in the world that is &#039;The Fed&#039;.

These people are building the Apocalypse - it is slavery by other means, and worst of all, it is NOT WORKING.

Nice try, clowns - but you&#039;re about to crash and burn, and take humanity with you in your vanity and avarice.</description>
		<content:encoded><![CDATA[<p>Dead on and concise analysis of the bloated demon sucking upon the flesh of each and every person in the world that is &#8216;The Fed&#8217;.</p>
<p>These people are building the Apocalypse &#8211; it is slavery by other means, and worst of all, it is NOT WORKING.</p>
<p>Nice try, clowns &#8211; but you&#8217;re about to crash and burn, and take humanity with you in your vanity and avarice.</p>
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		<title>By: William</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-2613</link>
		<dc:creator>William</dc:creator>
		<pubDate>Mon, 03 May 2010 02:41:34 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-2613</guid>
		<description>Join those who are enlightening their friends and neighbors about the fact that the politicians take an oath to uphold the Constitution but ignore it. There is no authorization among the powers enumerated by the Founders in ARticle 1 Section 8 for the creation of a central bank, e.g. Federal REserve SYstem.

www.campaignforliberty.com  231115 and growing
www.YALiberty.org  on over 170 campuses so far

we intend to replace politicians with those who will keep the oath, abolish the Fed, restore the gold standard to prevent the govt from inflating the currency ever again, repeal Medicare, Medicaid and Social Security which are taking America to insolvency and backruptcy.</description>
		<content:encoded><![CDATA[<p>Join those who are enlightening their friends and neighbors about the fact that the politicians take an oath to uphold the Constitution but ignore it. There is no authorization among the powers enumerated by the Founders in ARticle 1 Section 8 for the creation of a central bank, e.g. Federal REserve SYstem.</p>
<p><a href="http://www.campaignforliberty.com" rel="nofollow">http://www.campaignforliberty.com</a>  231115 and growing<br />
<a href="http://www.YALiberty.org" rel="nofollow">http://www.YALiberty.org</a>  on over 170 campuses so far</p>
<p>we intend to replace politicians with those who will keep the oath, abolish the Fed, restore the gold standard to prevent the govt from inflating the currency ever again, repeal Medicare, Medicaid and Social Security which are taking America to insolvency and backruptcy.</p>
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		<title>By: Tbonz</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-2416</link>
		<dc:creator>Tbonz</dc:creator>
		<pubDate>Sun, 25 Apr 2010 16:57:11 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-2416</guid>
		<description>Why not simply tax the profits of the Federal Reserve, oh, to the tune of 100%.  I am sure that there are reasons that this won&#039;t work as I am not as educated as most of the commentators on here, but it is just a thought.</description>
		<content:encoded><![CDATA[<p>Why not simply tax the profits of the Federal Reserve, oh, to the tune of 100%.  I am sure that there are reasons that this won&#8217;t work as I am not as educated as most of the commentators on here, but it is just a thought.</p>
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		<title>By: BK</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-2330</link>
		<dc:creator>BK</dc:creator>
		<pubDate>Thu, 22 Apr 2010 00:18:02 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-2330</guid>
		<description>How about US taxpayers sale good part of US real estate. Let if China asks US to let 10 millions Chines to immigrate in USA in return of some write off? Or some other option. US bought Alaska from Russia, why does US can not sale Alaska to China for few trillions?
May be China can ask for more influence in US politics or let them buy businesses which employ enough Americans to have political clouts! Which may result into changes in law in Chines favor! Think, why does Israel get so many special goodies from US taxpayers?</description>
		<content:encoded><![CDATA[<p>How about US taxpayers sale good part of US real estate. Let if China asks US to let 10 millions Chines to immigrate in USA in return of some write off? Or some other option. US bought Alaska from Russia, why does US can not sale Alaska to China for few trillions?<br />
May be China can ask for more influence in US politics or let them buy businesses which employ enough Americans to have political clouts! Which may result into changes in law in Chines favor! Think, why does Israel get so many special goodies from US taxpayers?</p>
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		<title>By: Sir Vincent</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-2293</link>
		<dc:creator>Sir Vincent</dc:creator>
		<pubDate>Wed, 21 Apr 2010 04:24:11 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-2293</guid>
		<description>&gt;&gt;&gt;Very interesting article! I’d love to read more about it and everything you wrote is true.

Why would we need money on this planet anyway?
We all should work for the benefit of the whole planet!

I will never understand that someone born on a planet has to EARN &amp; PAY money to live on it. “Idiocracy” if You ask me

It’s not like you have a choice to go somewhere where money does not exsist.

It’s sad people, we have to wake up and start living completley different.

All people have the right to be happy all of their lives!&lt;&lt;&lt;&gt;&gt;&gt;What happens if the debt keeps increasing and eventually just goes so far out that whatever is done, it just cannot be repayed? So what happens to the US, the US government and the American folks?&lt;&lt;&lt;&lt;

Ever heard of a serfdom? We&#039;re already there.





It doesn&#039;t really matter what we do if we cannot protect our freedoms as human beings. People need to be SELF-educated and vigilant in spirit, as our forefathers had insisted. Then, once every state fails or secedes, we can hit the restart button.

But unless that happens, we&#039;re doomed to repeat the past. We&#039;ll become nothing more than a serfdom.</description>
		<content:encoded><![CDATA[<p>&gt;&gt;&gt;Very interesting article! I’d love to read more about it and everything you wrote is true.</p>
<p>Why would we need money on this planet anyway?<br />
We all should work for the benefit of the whole planet!</p>
<p>I will never understand that someone born on a planet has to EARN &amp; PAY money to live on it. “Idiocracy” if You ask me</p>
<p>It’s not like you have a choice to go somewhere where money does not exsist.</p>
<p>It’s sad people, we have to wake up and start living completley different.</p>
<p>All people have the right to be happy all of their lives!&lt;&lt;&lt;&gt;&gt;&gt;What happens if the debt keeps increasing and eventually just goes so far out that whatever is done, it just cannot be repayed? So what happens to the US, the US government and the American folks?&lt;&lt;&lt;&lt;</p>
<p>Ever heard of a serfdom? We&#039;re already there.</p>
<p>It doesn&#039;t really matter what we do if we cannot protect our freedoms as human beings. People need to be SELF-educated and vigilant in spirit, as our forefathers had insisted. Then, once every state fails or secedes, we can hit the restart button.</p>
<p>But unless that happens, we&#039;re doomed to repeat the past. We&#039;ll become nothing more than a serfdom.</p>
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		<title>By: cassiusking</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-2242</link>
		<dc:creator>cassiusking</dc:creator>
		<pubDate>Mon, 19 Apr 2010 00:40:31 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-2242</guid>
		<description>coins are not issued by the Fed - they are issued by the Gubmint - Dept of Treasury.</description>
		<content:encoded><![CDATA[<p>coins are not issued by the Fed &#8211; they are issued by the Gubmint &#8211; Dept of Treasury.</p>
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		<title>By: AustraliaDebt.org</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-2064</link>
		<dc:creator>AustraliaDebt.org</dc:creator>
		<pubDate>Tue, 13 Apr 2010 01:13:18 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-2064</guid>
		<description>Hey. You may not be aware of this, but Australia is virtualiy on the cusp of a massive debt fueled property crash! The stats are as follows: 1200 Billion AUD$ of private debt mostly in mortgages and 158 billion AUD$ gov debt, all this for only a small population of 22 million people.</description>
		<content:encoded><![CDATA[<p>Hey. You may not be aware of this, but Australia is virtualiy on the cusp of a massive debt fueled property crash! The stats are as follows: 1200 Billion AUD$ of private debt mostly in mortgages and 158 billion AUD$ gov debt, all this for only a small population of 22 million people.</p>
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		<title>By: Shelby</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1964</link>
		<dc:creator>Shelby</dc:creator>
		<pubDate>Fri, 02 Apr 2010 18:56:26 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1964</guid>
		<description>This was a very interesting blog, helped me understand a lot more than what i knew beforehand. This is obviously an issue today that most people don&#039;t know much about.</description>
		<content:encoded><![CDATA[<p>This was a very interesting blog, helped me understand a lot more than what i knew beforehand. This is obviously an issue today that most people don&#8217;t know much about.</p>
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		<title>By: Sam</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1910</link>
		<dc:creator>Sam</dc:creator>
		<pubDate>Sun, 28 Mar 2010 16:53:56 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1910</guid>
		<description>Clarification, it became mathematically impossible to pay it off a few years ago.  Yet I see WALL STREET types want to say NOW instead of THEN.</description>
		<content:encoded><![CDATA[<p>Clarification, it became mathematically impossible to pay it off a few years ago.  Yet I see WALL STREET types want to say NOW instead of THEN.</p>
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		<title>By: Susan</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1908</link>
		<dc:creator>Susan</dc:creator>
		<pubDate>Sun, 28 Mar 2010 11:36:42 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1908</guid>
		<description>@Jason President Andrew Jackson did not renew the charter for the 2nd Central Bank of the United States. Yes, we have had 2 Central Banks before the Federal Reserve, both were closed and we can close the Federal Reserve. See Monetary dot org also see WebOfDebt dot com and TheMoneyMasters dot com</description>
		<content:encoded><![CDATA[<p>@Jason President Andrew Jackson did not renew the charter for the 2nd Central Bank of the United States. Yes, we have had 2 Central Banks before the Federal Reserve, both were closed and we can close the Federal Reserve. See Monetary dot org also see WebOfDebt dot com and TheMoneyMasters dot com</p>
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		<title>By: Paulette</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1817</link>
		<dc:creator>Paulette</dc:creator>
		<pubDate>Thu, 25 Mar 2010 07:23:07 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1817</guid>
		<description>To Jason (March 16th)
I understand that there has been three presidents who tried to stop the Federal Reserve. The last one was JFK. He had money printed up by the Treasury (according to the Constitution) A few months later he was dead and all the money was burned. The other presidents also ended up dead. There is a central bank in every major country (except Muslim countries) that control the money of the world. They have set it up for a world wide financial collapse to put them in control of the world. Many of the financial experts expect this to happen this summer. The purpose of the bailouts was NOT to &quot;save&quot; America, but to put us so far in debt to the Fed that they own us now -- thanks to the politicians. There is no such thing as a &quot;safe&quot; bank. Your only hope of survival is in storing up supplies, investing in silver and gold and praying that God will lead you in the right direction. Good luck!</description>
		<content:encoded><![CDATA[<p>To Jason (March 16th)<br />
I understand that there has been three presidents who tried to stop the Federal Reserve. The last one was JFK. He had money printed up by the Treasury (according to the Constitution) A few months later he was dead and all the money was burned. The other presidents also ended up dead. There is a central bank in every major country (except Muslim countries) that control the money of the world. They have set it up for a world wide financial collapse to put them in control of the world. Many of the financial experts expect this to happen this summer. The purpose of the bailouts was NOT to &#8220;save&#8221; America, but to put us so far in debt to the Fed that they own us now &#8212; thanks to the politicians. There is no such thing as a &#8220;safe&#8221; bank. Your only hope of survival is in storing up supplies, investing in silver and gold and praying that God will lead you in the right direction. Good luck!</p>
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		<title>By: Ian Mathers</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1813</link>
		<dc:creator>Ian Mathers</dc:creator>
		<pubDate>Thu, 25 Mar 2010 05:35:19 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1813</guid>
		<description>There is a solution to central bankers, but it&#039;s rather drastic.

http://www.guardian.co.uk/world/2010/mar/18/north-korean-executed-currency-reform
Pak Nam-gi killed by firing squad after currency reform worsened markets
 
The chief of the Central Bank in North Korea botched their reform.....and was executed by firing squad.
 
In the US, the failed and corrupt bankers go on speaking tours.
 
http://www.msnbc.msn.com/id/10878253/ns/business-financial_times/
Fed chief could command six-figure fee for speaking engagements
 
Former Chairman of the Federal Reserve Alan Greenspan  &quot;....could charge as much as $150,000 for a single U.S. appearance...&quot;</description>
		<content:encoded><![CDATA[<p>There is a solution to central bankers, but it&#8217;s rather drastic.</p>
<p><a href="http://www.guardian.co.uk/world/2010/mar/18/north-korean-executed-currency-reform" rel="nofollow">http://www.guardian.co.uk/world/2010/mar/18/north-korean-executed-currency-reform</a><br />
Pak Nam-gi killed by firing squad after currency reform worsened markets</p>
<p>The chief of the Central Bank in North Korea botched their reform&#8230;..and was executed by firing squad.</p>
<p>In the US, the failed and corrupt bankers go on speaking tours.</p>
<p><a href="http://www.msnbc.msn.com/id/10878253/ns/business-financial_times/" rel="nofollow">http://www.msnbc.msn.com/id/10878253/ns/business-financial_times/</a><br />
Fed chief could command six-figure fee for speaking engagements</p>
<p>Former Chairman of the Federal Reserve Alan Greenspan  &#8220;&#8230;.could charge as much as $150,000 for a single U.S. appearance&#8230;&#8221;</p>
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		<title>By: Heal the world....</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1719</link>
		<dc:creator>Heal the world....</dc:creator>
		<pubDate>Sun, 21 Mar 2010 02:08:37 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1719</guid>
		<description>American people....arise and awake...you don&#039;t have much time on your hands....

Things are going to turn much worse as the days go by. And the government has already fired all the bullets. Only one is remaining.... to PRINT MORE MONEY.

Save your country, Americans...save your country....for God&#039;s sake and for the world&#039;s sake. And most importantly for your own sake!!!</description>
		<content:encoded><![CDATA[<p>American people&#8230;.arise and awake&#8230;you don&#8217;t have much time on your hands&#8230;.</p>
<p>Things are going to turn much worse as the days go by. And the government has already fired all the bullets. Only one is remaining&#8230;. to PRINT MORE MONEY.</p>
<p>Save your country, Americans&#8230;save your country&#8230;.for God&#8217;s sake and for the world&#8217;s sake. And most importantly for your own sake!!!</p>
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		<title>By: Heal the world....</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1718</link>
		<dc:creator>Heal the world....</dc:creator>
		<pubDate>Sun, 21 Mar 2010 01:55:21 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1718</guid>
		<description>I think most of them now understand that the US has the debt problem and the Fed is like the aching tooth.

It will be really helpful if you can make some videos and upload on youtube on how its mathematically impossible to pay off the US Debt. 

As they say a 10mins youtube video is better then 1000 pages of blog.</description>
		<content:encoded><![CDATA[<p>I think most of them now understand that the US has the debt problem and the Fed is like the aching tooth.</p>
<p>It will be really helpful if you can make some videos and upload on youtube on how its mathematically impossible to pay off the US Debt. </p>
<p>As they say a 10mins youtube video is better then 1000 pages of blog.</p>
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		<title>By: Jason</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1566</link>
		<dc:creator>Jason</dc:creator>
		<pubDate>Tue, 16 Mar 2010 18:16:02 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1566</guid>
		<description>A few presidents have tried to dissolve the Federal Reserve.  Does anyone know who they were and what happened to them?</description>
		<content:encoded><![CDATA[<p>A few presidents have tried to dissolve the Federal Reserve.  Does anyone know who they were and what happened to them?</p>
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		<title>By: Eileen H</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1517</link>
		<dc:creator>Eileen H</dc:creator>
		<pubDate>Mon, 15 Mar 2010 07:53:01 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1517</guid>
		<description>Since the Federal Reserve board members have their hands in the US politicians pockets, and the US politicians are not interested in changing this situation (as they benefit financially), the way for this to end is by the US defaulting on their debt and then it won&#039;t be advantageous for our politicians to use the Federal Reserve as our money lender.

I think this is what US Americans are avoiding feeling.  They don&#039;t want to see anything unsettle whatever savings they have in US banks.  I just don&#039;t see another way around than getting rid of the US dollars created by debt to the Federal Reserve.

As to how an individual can make any difference, is by ruining the effect that such a climax of events would have on them and their relations.  Either with a basket of currency account or by turning cash into actual resources (and paying down all debts).

If it is safety and security you crave, then don&#039;t trust US politicians for advice.</description>
		<content:encoded><![CDATA[<p>Since the Federal Reserve board members have their hands in the US politicians pockets, and the US politicians are not interested in changing this situation (as they benefit financially), the way for this to end is by the US defaulting on their debt and then it won&#8217;t be advantageous for our politicians to use the Federal Reserve as our money lender.</p>
<p>I think this is what US Americans are avoiding feeling.  They don&#8217;t want to see anything unsettle whatever savings they have in US banks.  I just don&#8217;t see another way around than getting rid of the US dollars created by debt to the Federal Reserve.</p>
<p>As to how an individual can make any difference, is by ruining the effect that such a climax of events would have on them and their relations.  Either with a basket of currency account or by turning cash into actual resources (and paying down all debts).</p>
<p>If it is safety and security you crave, then don&#8217;t trust US politicians for advice.</p>
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		<title>By: Mark</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-4#comment-1333</link>
		<dc:creator>Mark</dc:creator>
		<pubDate>Wed, 10 Mar 2010 16:46:44 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1333</guid>
		<description>There&#039;s a simpler way to understand the reality here than looking at the technical specs of the FED: Examine the systematic outcomes of the financial structure. Just look at the GINI coefficient for the USA over the past 100 years or so. The GINI measures &quot;wealth inequity.&quot; 

You will see that the rich are getting far richer at an accelerating rate, and the poor are getting far poorer also at an accelerating rate. Wealth is being vacuumed upwards at an alarming rate of increase. Since this movement of wealth is a byproduct of the financial system itself, you can easily conclude that the system must be &quot;rigged.&quot; Plumbers are not becoming lazier as hedge fund managers become more industrious, labor-wise. It is an effect of the rules of the system.

The rules in the broadest sense are set by the FED and the Treasury - which are now more or less one institution wholly owned by Wall Street. (Behind Wall Street then lies your Rothchilds and Rockefellers and such)

The GINI is the absolute best &quot;big picture&quot; tool you can use in understanding the structure and slant of the US economy.</description>
		<content:encoded><![CDATA[<p>There&#8217;s a simpler way to understand the reality here than looking at the technical specs of the FED: Examine the systematic outcomes of the financial structure. Just look at the GINI coefficient for the USA over the past 100 years or so. The GINI measures &#8220;wealth inequity.&#8221; </p>
<p>You will see that the rich are getting far richer at an accelerating rate, and the poor are getting far poorer also at an accelerating rate. Wealth is being vacuumed upwards at an alarming rate of increase. Since this movement of wealth is a byproduct of the financial system itself, you can easily conclude that the system must be &#8220;rigged.&#8221; Plumbers are not becoming lazier as hedge fund managers become more industrious, labor-wise. It is an effect of the rules of the system.</p>
<p>The rules in the broadest sense are set by the FED and the Treasury &#8211; which are now more or less one institution wholly owned by Wall Street. (Behind Wall Street then lies your Rothchilds and Rockefellers and such)</p>
<p>The GINI is the absolute best &#8220;big picture&#8221; tool you can use in understanding the structure and slant of the US economy.</p>
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		<title>By: wayne</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-3#comment-1307</link>
		<dc:creator>wayne</dc:creator>
		<pubDate>Mon, 08 Mar 2010 21:06:09 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1307</guid>
		<description>for those of you who are asking if it can be fixed the answer, mathmatically speaking, is pretty simple really http://www.perfecteconomy.com</description>
		<content:encoded><![CDATA[<p>for those of you who are asking if it can be fixed the answer, mathmatically speaking, is pretty simple really <a href="http://www.perfecteconomy.com" rel="nofollow">http://www.perfecteconomy.com</a></p>
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		<title>By: Anon</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-3#comment-1289</link>
		<dc:creator>Anon</dc:creator>
		<pubDate>Sun, 07 Mar 2010 20:59:35 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1289</guid>
		<description>jim sadler: I cannot speak to your question on the federal level, but you can on a local level, sure. In fact, take a look at what the Village in NYC has been doing with their own form of local currency.</description>
		<content:encoded><![CDATA[<p>jim sadler: I cannot speak to your question on the federal level, but you can on a local level, sure. In fact, take a look at what the Village in NYC has been doing with their own form of local currency.</p>
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		<title>By: jim sadler</title>
		<link>http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt/comment-page-3#comment-1201</link>
		<dc:creator>jim sadler</dc:creator>
		<pubDate>Thu, 04 Mar 2010 03:15:34 +0000</pubDate>
		<guid isPermaLink="false">http://theeconomiccollapseblog.com/?p=125#comment-1201</guid>
		<description>Since the Federal Reserve is not part of the US government would not we be free to issue and entirely new currency and let the Federal Reserve sink into the mire thus eliminating our national debts? After all if the debt is in dollars and the Federal Reserve bank backs the dollars but the US does not how do the people lose?</description>
		<content:encoded><![CDATA[<p>Since the Federal Reserve is not part of the US government would not we be free to issue and entirely new currency and let the Federal Reserve sink into the mire thus eliminating our national debts? After all if the debt is in dollars and the Federal Reserve bank backs the dollars but the US does not how do the people lose?</p>
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