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The Road to Zimbabwe

Posted by DrZarkov 8 months, 2 weeks ago to Economics
35 comments | Share | Best of... | Flag

The Federal Reserve System now owns nearly 30% of the US national debt, purchasing bonds from domestic holders of that debt, and is now the biggest single holder of that debt. When government begins to become the biggest buyer of its own debt, that's a strategy referred to as "monetizing the debt," printing money to cover the purchases.

Using past history as an example, the Weimar Republic of Germany tried that approach, causing runaway inflation, with the image of Germans carrying wheelbarrow loads of Marks to purchase food. Zimbabwe is the current example, with images of printed money in $100M issues that are worth only a few pennies.

Japan has been monetizing its debt for some time, and now has a national debt that's over 250% of its GDP. Once the payment on that debt reaches a point where it becomes obvious that the country can't even make the interest payment from revenues received, the country is bankrupt, and Japan is nearly there.

US national debt is now more than 120% of our GDP, and the interest payment is now more than the defense budget. We've been skating on the thin ice of low interest percentages, but even a few percentage points rise would be a crippling burden on our economy. We desperately need leadership that recognizes the pending disaster and aims for a balanced budget.


All Comments

  • Posted by Dobrien 8 months, 1 week ago in reply to this comment.
    Fear is what they want from you ,do not give in to it. The majority of the country is awake. The FED Reserves fiat notes will never allow a balanced budget , the interest owed is virtually infinite.
    The central banking system has never been as vulnerable as its is now. BRiCS and Constitutional currency will rule the day. Q told us Gold will destroy the FED. I will stand with those fighting the system.

    Gold Standard Coming Back?
    Q !!mG7VJxZNCI 12 Dec 2018 - 7:01:15 PM
    2619
    Anonymous 12 Dec 2018 - 6:57:57 PM
    >>4280189
    Q: Do we have the gold?
    >>4280876
    Yes.
    Gold shall destroy FED.
    Q
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  • Posted by Dobrien 8 months, 1 week ago in reply to this comment.
    Seems you get riled up by the fake news. SKamala and Walz have as much support as a house of cards. These pigs that create this false image ,that cause a reasonable man like yourself to claim its over certainly deserve some credit. They create Blackpillers who like to spread doom. Fear is the tool of Satan.
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  • Posted by freedomforall 8 months, 1 week ago in reply to this comment.
    Every month the government generated previous months' employment
    figures are "adjusted" downward to hide the bad news.
    Media only reports the lies and ignores the downward adjustments.
    Employment is lower than reported every single month.
    Just as the inflation figures are also misrepresented to make it
    appear artificially that inflation is low. Media spreads the lies like
    composted bullshit, but the only thing that grows is more lies.
    Oh, and sKamala is way ahead of Trump in the polls. Right.
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  • Posted by 8 months, 1 week ago in reply to this comment.
    I've been watching the job creation numbers, and most of the new jobs are government jobs, not revenue generating jobs, so the picture is even more distorted than reported.
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  • Posted by 8 months, 1 week ago in reply to this comment.
    I'm sad to say that we may actually get to experience the real reason for the 2nd amendment.
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  • Posted by $ Abaco 8 months, 1 week ago
    Just last night I was getting out of my truck in front of the house when a neighbor I've never met came by with his dogs. Here...strangers stop and talk, and I pet his dogs a bit while we got to know each other. I explained that while I came from California I'm no lefty. Our conversation quickly came to the marxists and how we're screwed and they're probably going to win.

    They're going for broke now. WWIII. Total chaos. Lies like we've never heard. Paid attendees cheering when Kamala says "Trump's going to raise taxes and take away medicare" and when Joe says, "American can be described in one word 'iufnfiewqponjfdjhaskopjhfas'....hiking the hills of the Himalayas with Ping!"

    It's over. Tomorrow I acquire my 51-RA backwards and really good clips.
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  • Posted by $ Abaco 8 months, 1 week ago in reply to this comment.
    I've seen the movie. It is very interesting, I agree. And...I think that's just about the only explanation for the exorbitant spending that's burying humanity...
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  • Posted by katrinam41 8 months, 1 week ago
    A balanced budget will never happen as long as unbalanced elite run every position in and out of govrnment. With the massive whitewash flooding out of that crooked, partisan media, I fear too many sheeple will cave or wear blinders. The Donald will win the popular vote, but the cheat is already in place. Only a very few will see it, and they will be drowned out by a gleeful, insane celebration. We are toast...
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  • Posted by tutor-turtle 8 months, 1 week ago in reply to this comment.
    That all makes perfect sense. However..
    We've known that the scam that has been going down the for the past 100+ years is clearly illegal/unconstitutional, yet on it goes.
    What's it going to take before this Republic of "free citizens" rise up and take our country back?
    Of course this must be done in the most peaceful manner possible.

    Not in the manner of the "mostly peaceful" of the George Soros funded PantyFah anarchists/cum-Communists or the Burn-Loot-Murder Marxists.

    Just for the record Tampon Tim cheered these riots on in his Minnesota and Heels-Up Harris organized a fund raiser to bail out the (pitifully few) criminals who got arrested.

    None of these facts are brought up in the Lap Dog Press. With all that boot-licking media, still, still, Kabala won't allow to be interviewed....
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  • Posted by tutor-turtle 8 months, 1 week ago in reply to this comment.
    Sentencing on the phony bookkeeping charges are due any day now.
    The Merde is about to hit the ventilator..
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  • Posted by Dobrien 8 months, 1 week ago in reply to this comment.
    Trump is a master at controlled demolition. The Sovereign Aliance vs the Globalists. This is WWIII
    All the stops are pulled . Never before have we seen the irregular warfare on a worldwide stage. Info war, Lawfare, color Revolution, Kinetic warfare , assassinations, biowarfare, propaganda , insurrection, financial warfare , Mass infiltration at the borders , Riots. Cyberattacks,
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  • Posted by Dobrien 8 months, 1 week ago in reply to this comment.
    The Banksters that control the Fed are the enemy.
    The Warburgs the Rothschilds ,Paysuer all the Bloodline families , the ultra wealthy through millennium. Do we have a chance at defeating them , yes . We are under a revolution that has never been seen before. People are finally awakening to this system of systems. The FED is in between IRAQ and a hard place. Inflation is much higher than reported and job numbers are way worse than reported. 20+ months in a row job creation revised downwards.
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  • Posted by Dobrien 8 months, 1 week ago in reply to this comment.
    Trumps EO clearly states that any person or organization that engages in Crimes against humanity including Trafficking, and enabling these activities will have all their assets seized and forfeited. All the gold the FED holds by law is turned over to the treasury. The US Treasury by law does not hold any debt. The FED is holding a bag of debt. I would rather hold the gold than the debt. Perhaps we are witnessing the controlled Demolition of the Fiat central banking system. Don’t dismiss Trumps speech at the Bitcoin conference. Also just as important was Trumps no tax on tips and no tax on Social security. This kind of talk got the Satanic Banksters in a whirling dervish.
    Tax-free tips lead to a capped income tax, which leads to the abolishment of income tax, which leads to the destruction of the financial system as we know it. I don’t believe the rollercoaster of a ride we’ve been riding the past few weeks has anything to do with Biden and the Democrats, and has everything to do with Trump letting the Deep State Satanic cabal know their control of the American financial system is almost at its end.
    What was Trump doing when all the Olympic distraction was occurring? He was speaking at the Bitcoin Conference. Do you see now that they were distracting us away from? At the conference, Trump clearly stated that he saw Bitcoin as an important part of the American economy going forward. He wants to stockpile Bitcoin.

    This isn’t to say Trump is necessarily telling everyone to go out and buy as much Bitcoin as they can, or that Bitcoin will replace the US Dollar. He was in fact saying that Bitcoin would be used to strengthen the US Dollar. Whether one goes out and buys Bitcoin or not, it will be used to protect and strengthen the US Dollar and the US Economy. He suggested that the US Government should stockpile Bitcoin, but what you choose to do is your business. By the US Government stockpiling Bitcoin, every American benefits. MAGA the best is yet to come. That will be easy if the FED and Deep State is destroyed.
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  • Posted by nonconformist 8 months, 1 week ago in reply to this comment.
    This is a natural cycle. It happened to the Romans as well. Predation tends to increase in society until its demise, unless acted upon in some way. If this didn't happen, some empire could have been able to maintain its health to this day, but we don't observe such a thing.
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  • Posted by $ allosaur 8 months, 1 week ago in reply to this comment.
    Didn't run into a disclaimer but I also failed to find Biden making that same statement maybe two or three years ago..
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  • Posted by tutor-turtle 8 months, 2 weeks ago in reply to this comment.
    I watched a deeply disturbing, yet eye opening documentary a few years back called "Zeitgest"
    (plus an addendum that came out later) It's been out long enough, you should be able to find it free out there.
    They wrap up the last 100 years or so of big government/banking fraud & abuse and how creating endless wars play a crucial role in keeping the scam alive.
    But one point stood out, if you were to take every dime every person owned, all their property, all the assets of every company, large and small, you wouldn't put a dent in what they/we owe.
    It is an unplayable debt. so why even try?
    You know why? Slavery. The only point was to put us in such debt, we can never get out from under it. Ever.
    No miracle can occur, no blessing from God can ever get us out from under this load.
    And it is all (the goal) intentional. Serfdom.
    As Friedrich von Hayek wrote way back in 1944 in "The Road To Serfdom" to point is to enslave you.
    Not to merely spend money, but to recklessly spend you/me into oblivion.
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  • Posted by freedomforall 8 months, 2 weeks ago in reply to this comment.
    What does the fedgov have for collateral that they didn't steal?
    Repeal the 16th amendment (which was never properly ratified anyway), and the fed,
    and let the %^&* fedgov die the death it so richly deserves.
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  • Posted by tutor-turtle 8 months, 2 weeks ago in reply to this comment.
    But wait. There's more.
    As the world wakes up to the fact the dollar is garbage, fiat garbage, those governments are dumping their T-Bills.
    Japan, China, Russia, Germany, France, the Mid-East... friend and foe alike are jumping the sinking ship.
    The day of reckoning is on the horizon.
    We all hope and pray for Donald J. Trump, but the Swamp Creatures are so poisoning the well, I'm not so sure he will be able to stem the tide.

    I know this is a radical idea (a massive understatement) but I think it is time to default.
    Start over, Kill the FED, print our our currency (as the Constitution demands) based on tangible assets (pick one, or more) something with actual value.
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  • Posted by tutor-turtle 8 months, 2 weeks ago in reply to this comment.
    The Swamp routinely scrubs the Internet for incriminating evidence.
    Then puts a disclaimer on Soros funded "Fact Check".
    Reply | Permalink  

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