National debt = ZERO: Austerity unnecessary. I'm sick and tired of people knowing little or refusing to talk about our banking system; we forget that we ourselves are all usurers.

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[–]EthnocratArcheofuturist 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (1 child)

If the national debt was reduced to zero the US would experience the biggest economic depression in human history. The truth is that the national debt isn't the problem. It's private debt that caused both the Great Depression and the Great Recession. Debt will always exist as long as we live under the price system, and the state - especially a powerful state like the US - can carry way more debt than private corporations or individuals. The problem we have is that most of the debt creation - meaning money - is initiated by private banks, mainly in the form of loans. Debt creation should be nationalized and initiated at zero interest. Lincoln wanted to do this right before he was killed. It's why Bismarck called Lincoln's death a tragedy for the West. Germany always had a tradition of wanting to nationalize finance, which is why they were demonized by international Jewry and the Anglosphere.

Anyway, if you want to get rid of debt entirely then you need to dismantle the price system. Stop reading neoclassical economists and start reading Thorstein Veblen. The cancer isn't debt, the state, or the free market. It's the price system itself.

They love to distract you with race.

You're trying to subvert us. It won't work. Race is important. Period.

[–]Jesus[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Debt creation should be nationalized and initiated at zero interest. Lincoln wanted to do this right before he was killed. It's why Bismarck called Lincoln's death a tragedy for the West. Germany always had a tradition of wanting to nationalize finance, which is why they were demonized by international Jewry and the Anglosphere.

Sure, so why not kick out dual-Israelis, Zionists and usuers and issue treasury notes, at zero % interest backed by an asset of our choosing?

The state is the mafia for the bank. Congress is just a corporation full of criminals who allowed a private corporation to take over the fiscal policy of the state, which interestingly, is itself a corporation.

It should also be noted that Banks don't give loans. I always thought they did. Next to no one does. They can't show you a bank account where they got their own money and put it in your bank account. What they do is take your promissory note, magically transform that into credit and put that in your account. That is NOT a loan.

They gave you access to your own credit using that note and your SSN. And since they never told you that you were funding your own loan, its also fraud but they don't care. Any contract that doesn't divulge every single detail is null and void on the face of it.

These banks have no skin in the game. They have no risk. But if you default on these fake loans, they'll either take your very real house or harm your credit and the state and confress allows them to do this.

Are you claiming the US should nationalize debt and then persons who had debt must pay back the principal to the state anyway? Or are we talking about a Jubilee here?

Lincoln wanted to do this right before he was killed. It's why Bismarck called Lincoln's death a tragedy for the West. Germany always had a tradition of wanting to nationalize finance, which is why they were demonized by international Jewry and the Anglosphere.

Provide evidence that Lincoln wanted to do this? His greenbacks were interesting bearing bonds and were the forerunner for the FED.

Can you provide a quote of Bismarck on Lincoln's death?

And yes, I slightly agree that NS Germany was against, at the very end international finance. They expelled Rothschild banks and took their assets. But Warburg was in the mix as were many other bankers that funded Hitler, the difference was that regulations were held in place and privatization of certain banks still were regulated and had to make an alliance with the Reich.