The Truth About The Debt Ceiling and TRILLION Dollar Coin

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[–]MagicMike 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Gold used to be money and oddly, debt is now money. The Treasury creates debt and the Fed accepts the debt and credits the Treasury with money. The trouble is that eventually all new money has to be used to pay interest on previous debt. It’s called a Minsky Moment and is scheduled to hit in 2024. THATS when the Greatest Depression begins.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

cancel odious debt

just don't repay the rothschilds, fuck em