A Simple Solution to the US Debt Problem
Many talk about the US debt like it is a major problem. The challenge with this is people talk about the debt yet provide no context. When people say it is too much, in relation to what?
In this video I discuss some contexts that should be applied ot the conversation regarding the debt in addition to providing a simply solution.
▶️ 3Speak
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Wait wait. I have most likely heard and understood what I wanted to hear and not what you said, but here it is:
the solution is already in the works; and, i am not talking about the receivership to the bankrupt territorial and municipal corporations planned CBDC / U.S.NOTES scam-solutions for dead ☠️ PERSONS in commerce.
i am talking about the newly restored and getting reconstructed organic, unincorporated, government and international bilateral trade banking system/institutions of, by, and for the living people, where “… We are now correcting this situation and are issuing our own gold-backed American currency, the American Federation Dollar, through our chartered International Trade Banks, and issuing American Credit Certificates through our land jurisdiction Commercial Banks for the redemption of ‘US DEBT NOTES’ otherwise known as FEDERAL RESERVE NOTES.
We formally and on the record accepted all debts of the various corporations as credit owed to us prior to the recent bankruptcies, and lodged our claims against the Principals responsible and the treasuries responsible beginning in 1998.
We claim all the unlawfully converted Maritime Commercial Banks as Commercial Banks owed to us and naturally belonging to our jurisdiction.
We deny the existence of any emergency powers assumed by the Usurpers responsible for these conditions, or any special extra-territorial powers assumed by their corporate CEOs…”
Public International Notice: They Are Offering Our Money for Their Debts
“…The tragic thing is that all the chaos and suffering that will inevitably result before this mess can be straightened out, could have been — and might yet be avoided — simply by a process of lawful conversion.
If the Officers and Boards of Directors of these banks are arrested before they can make this move and more intelligent heads rule the day, then all this drama and nightmare can fade away.
The entire world can be spared a devastating collapse simply by bringing the credit side of the ledger forward and distributing the prepaid credit and asset accounts that are owed.
This would allow the banks to stay in business and make a decent, safe, lawful profit serving their communities. It would flip the debt ledger on its head and open up supply lines, restore public faith, and enforce lawful government…”
“What to Do About it…”
It’s not true that the U.S. had no debt under Reagan. IIRC, the last time the government had no debt, Andrew Jackson was President.
If the government (the Treasury) suddenly started buying up our debt in big quantities, wouldn’t bond prices start rising too? X value of bonds can’t be bought for X, just like all the $HIVE on exchanges couldn’t be bought for their current market value.
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Probably to their own aspect/approach. Everyone have their own aspect/approach. This is very subjective. Not only in finance, but in many other things too. Something "too much" for someone can be "normal", "low", or even "very low" for someone else. For example $100 USD can be a lot of money for many people, but only pocket money for some people.
Summary:
In this video, the speaker discusses a solution to the U.S. debt problem. He argues that the key issue is not necessarily the total debt but the servicing costs that come with it. The proposed solution involves a debt-for-equity swap, similar to what corporations do, but in this case, it involves changing the form of money to eliminate debt and interest payments. The speaker emphasizes the importance of understanding the balance sheet of the United States and suggests that technological advancements, particularly in cryptocurrencies and blockchain, could help stimulate growth and address the debt issue.
Detailed Article:
The video delves into the U.S. debt problem, focusing on the idea that the size of the debt, which stands at $32 trillion, might not be the core issue. The speaker argues that what truly matters are the servicing costs that come with the debt, which can become unsustainable over time as they consume more of the economy's resources.
The speaker introduces a solution in the form of a debt-for-equity swap, drawing parallels to how corporations handle their debts by issuing stock. However, in the case of the U.S., the proposed swap involves retiring bonds and changing the form of money to eliminate debt and interest payments. This approach aims to improve the income statement by reducing servicing costs without altering the existing balance sheet significantly.
An interesting comparison is made to owning a house with a mortgage; while the debt-to-equity ratio might look favorable, the inability to make payments can still lead to financial challenges. The speaker highlights the importance of considering both the balance sheet and income statement when assessing the sustainability of debt.
Moreover, the speaker touches on the role of technology, particularly cryptocurrencies and blockchain, in potentially driving growth and serving as part of the solution to the debt problem. He suggests that technological advancements could be instrumental in stimulating economic growth and addressing the debt issue in the long term.
In conclusion, the video presents a thought-provoking perspective on the U.S. debt problem, emphasizing the significance of understanding both the balance sheet and income statement aspects. By proposing a debt-for-equity swap and highlighting the potential of technological innovations, the speaker offers a unique take on addressing the challenges associated with the country's debt.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.