Understanding America's Debt (Video)

Article posted with permission from the author, Karen Schumacher

Over the years, the federal government has put America into what is called a debt-based economy.  The essence of this type of economy is that it is a self-perpetuating debt cycle that continues to exponentially increase the debt, as seen in the persistent rise of the national debt, now at $38 trillion.  This debt problem isn’t limited to just the US, it is global.  Not surprisingly, it has been the government with its banker pals that has taken America down economically.

If not familiar with, or confused about how America has been dragged into this debt cycle, this 2012 video, End Of The Road: How Money Became Worthless, explains some basics about the US economy, its relation to central banks, the gold standard, and to Bretton Woods.  In the US, the Federal Reserve Board is the central bank with twelve reserve bank districts spread across the country.  It plays a powerful role in the current debt problem and control over the economy.

As explained in the video, multiple foreign countries hold US debt.  One has to wonder what assets the US will give up if those countries call in that debt, as France did with the gold.

Originally created in 2006, then revised in 2009, the Money as Debt I video is a historical explanation of how the government climbed into bed with banking institutions that created the debt-based economy and effectively stripped the US as a consumer-based economy.  Fractional reserve banking and its contribution to the debt-based economy are also discussed.

A while back, Trump and Musk were screaming for an audit of Fort Knox gold.  Everybody cheered.  But no audit has been conducted and most likely never will.  A congressional bill for an audit will not likely pass either.  Knowing what gold the US possesses would expose the corruption behind the debt-based economy.

Understanding the debt-based system also makes it easier to understand the recent suggestion for 50 year home mortgage loans under the falsehood that it will make housing more affordable.  As the Ponzi scheme suggests, new forms of debt are needed to keep the system running and indeed, perpetuating the debt cycle only benefits the banks and other financial institutions.

Economic growth is kept under constant watch, but as explained in the video, this does not indicate or lead to steady growth.  It is a dog chasing its own tail.  Even worse, the government continues piling up the interest costs while passing off debt to foreign countries that may not necessarily be friends, and to future children.  It is placing its sins onto us.

By the end of the video, it is easy to understand why US debt is continually escalating and why the government just whines about it while making no effort to correct it, but instead perpetuate it.  No balanced budget amendment will fix this because that is not the problem.

While Trump espouses going after the Federal Reserve, it is most likely just bluster.  Both he and Secretary of Commerce, Howard Lutnick, are playing into the banker’s hands by promoting the use of cryptocurrency.  Online banking, credit cards, and reduced use of cash have all played into the central bankers’ hands in a transition to a digital currency, which will lead to ultimate control.  Cryptocurrency adds another avenue for central banks to continue the debt scheme.

The US debt is tracked on the US National Debt Clock.  However, at the bottom, there is another chart for USA Hidden Wealth Asset-Backed Dollar.  Those assets are listed as precious metal and mineral reserves, real estate, land, stock market, and recaptured assets.  Then, the total “hidden wealth” in dollars is listed to the right.  Lutnick has made frightening statements about using this wealth for monetary gains.  The concern should be that if the gold supply is depleted as suspected, and foreign-held debt is called in, these resources could be used for payment of that US debt, or maybe just sold off for the money.  Whichever, Lutnick is drooling over it as if he owned it.

Imagine for one minute that every citizen who has been hauled into court for not paying their debt, yet the government is not held to account for the same offense.  The general rule of thumb is that assets are seized for non-payment.  It isn’t unthinkable that valuable resources would be seized as that is the goal in technocracy.

For those who want a deeper understanding at the international level, this video covers what has happened in England but also includes the US and other countries.  However, the dynamics are exactly the same.  The similarities are stunning and without question clearly attest that there is a cartel making the decisions

The World Economic Forum (WEF) and the prior White House defended the importance of central banks, but with reasoning different from what is explained in the videos.  Crony corporate WEF partners are the ones that have been collecting the wealth with this debt-based economy scam.  It too is looking to victimize younger generations for its Ponzi scheme.

For years, there have been warnings of impending economic collapse with some close calls.  But perhaps those close calls were just for practice.

2030 is the target for everything now.  Maybe that will be the year the final collapse will occur with a complete societal takeover under technocratic rule and the “You’ll own nothing, you’ll be happy” mantra will come to fruition.  In fact, the cat was let out of the bag originally with Agenda 21, which claimed to save the environment.  It was really to “intentionally transform the economic development model.”

These videos offer a new perspective in understanding the depth in which the Constitution has been ravaged.

How Money Became Worthless

Money as Debt

System of Money

Article posted with permission from Sons  of Liberty Media