Comments on: It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

By: Brian

Brian — Wed, 08 Feb 2012 20:01:35 +0000

True, I also have a home that represents a much larger amount than my annual income. Of course, I’m not spending 40% more than I make every year either. I also don’t have any unfunded future obligations that will add to my annual outlay and increase my borrowing needs. See the whole board.

By: janus

janus — Mon, 06 Feb 2012 01:47:29 +0000

Although you’d posted this comment months ago, i still thought it necessary to respond to its misinformation. One statement made by you, in particular, which stood out to me is where you state “The Fed has fueled economic growth in this country”. What’s your meaning of the term growth relative to monetary policy. In respects to the Fed, it is literally impossible to produce growth from debt – which you should know are Federal Reserve notes. If anything, all that it has actually produced is the illusion of growth:Inflation.

However, if I’m wrong in any of this, please do contend with a better argument.That is, if I AM in fact wrong about this.

By: rick

rick — Sun, 05 Feb 2012 02:50:20 +0000

This stuff scares me. I wish I could go somewhere and hide. The rich get richer, the poor get poorer. No wonder the world would like to see us fall. We just can’t give up,I’ve got another 30 years of life left. Please God save us!!!!

By: Lauretta

Lauretta — Sat, 04 Feb 2012 17:52:10 +0000

People open your eyes, this whole world is a conspiracy and nothing can or will be done unless and until the individual gets fed up and starts fighting back. We need to become the enlightened people we once were and do things that are morally good for us. We need to get back to our basic rights and freedoms and back to living off the land instead of depending on others to do for us. As one of the founding fathers said, you can not give up freedom for security because you will have neither.

By: Eric

Eric — Sat, 04 Feb 2012 09:43:59 +0000

The Fed returns its profits to Treasury, which means all their profit is taxed, after a fashion.

By: Ayrlahn Johnson

Ayrlahn Johnson — Mon, 23 Jan 2012 16:41:51 +0000

Good article. Here is some feedback. Too much emphasis on the Federal Reserve. The reality is the vast majority of money is created by the lending process of private commercial banks. When money is loaned, new (checkbook) money is created, when the loans are paid back, the (checkbook) money is destroyed. In the meantime the money to pay the interest is never created. Theis means we will always be in debt and there is no way to every pay back the debt and there will always be losers in the economy through no fault of their own. We will never get out of debt in this system because all money is debt. If no one (government, business or individuals) borrows any money, there will be no money to carry on commerce. The only solution to the problem is to somehow create some debt free and interest free money. Congress could easily do that but not only do they seem unwilling to do that they have shown themselves to not even understand the problem much less understand a solution. The good news is that we do have a solution that will work at the State level. In Minnesota we have introduced a Bill (Senate File 65 and House File 610) that will create money debt free and interest free through State Chartered Banks to fund transportation projects in the State of Minnesota.

By: david

david — Wed, 18 Jan 2012 11:50:49 +0000

It’s important to read the whole message What he says is that debt cannot just be printed away in our system, because the act of doing so creates more debt with interest. also that due to fractional reserve banking every amount paid back means times 10 taken out of the economy. Okay I like your spirit, just be sure to read the whole thing

By: Russel

Russel — Tue, 17 Jan 2012 14:56:48 +0000

The Best way I sense in resolving this issue, is (a) to levy a Surcharge for every Payment made to Federal Reserve say 1%.
(b) tax all the Shareholders for any transaction in transfer of funds @ 1%.
(c) Put a clause that no funds of Federal Reserve can be transferred out of the country, and in doing so twice that amount will be reduced from the principal debt.
(d) Government bonds purchased by the Federal Reserve as Institutional buyers will be given 1% lower interest than Individual/Corporate buyers.
(e) Keep track of all investments by these so-called Federal Reserve Shareholders Cash flow and levy additional surcharge of 1% on those transactions.
(f) put in a legislation that for every 500,000$ of money borrowed, 1 individual will be additionally employed by Federal Reserve with Salary not less than 75000$ p.a.. This employee will start paying tax of approx. 25000$.

(g) Many more points which cannot be listed altogether in this post.

These will start draining money out of the Federal Reserve and back into the economy. And in a span of approx. 15-20 years, Federal Reserve debt can be nullified.

Your views will be highly appreciated.

Regards/Russel

By: Fox

Fox — Sat, 14 Jan 2012 09:18:18 +0000

You guys have a few pieces of pieces from a massive, massive puzzle.

The Rothschild and 13 bloodlines have chiseled history in their own images (much as they are continuing to do our futures).

So here goes, a few pointers.
1. yes the fed is owned by bankers, well run by bankers from those banks (good eh) Rothschild created the fed and the first American bank and has (allegedly) killed of every American President that has stood in his way and mentioned “gold or silver standard” (but then who says gold or silver is a precious metal – (i mean you cannot eat it!).

2. Britain is FAR from out of the woods – guess who owns the Bank of England – it’s not the public!
and guess where ALL the money is owed? (someone with assets of $300 Trillion) Rothschild.

- so why don’t we stand up to him? “they” own the police, the armies the governments, the politicians… basically society!

3. Three countries without a Rothschild central bank (for now) — wait for it… SYRIA, IRAN and CHINA…

4. These families are responsible for all wars, WWI, WWII and WWIII, they have secret meetings in Bildersberg and Bohimien Grove to facilitate this dastardly plan….
don’t believe me? research, the one thing they fear is the internet, it is all out there, the real history, who REALLY owns Israel (and it is the Palestinians.. part of Persia you know)

Time to wake up and smell the coffee beans, i for one am fed up of being a slave for the rich.

P.s – sorry about the name, do you really think i am daft enough to write this and use my real name… RIK CLAY – YouTube.. do it!

By: Peter

Peter — Tue, 10 Jan 2012 14:37:40 +0000

Obama is a piece of garbage who hates America and is enjoying it’s collapse. We have the Tea party but no viable candidates. Ron Paul is tryng to get on the Republican ticket but the media HATES him and so does his party. The only reason he is still in it is because of his grass roots supporters. We are hoping to pull off a miracle. But that is only one branch. The congress is still crap…