Posted on 06/10/2022 4:14:22 PM PDT by blam
New Zealand tech CEO, Kim Dotcom did the math on the United States’ sovereign debt and he tweeted a thread about it, saying it may the most important thread that he may ever make.
Kim explains that US spending and debt have spiraled out of control and the Government can only raise the money it needs by printing more of it, which means that hyperinflation is guaranteed.
He says this has been going on for decades and there’s no way to fix it and that the US got away with this for so long, because US dollar is the world’s reserve currency.
When the US Government prints trillions, it is thereby robbing Americans and the entire world in what he calls the biggest theft in history.
He says the total US debt is at $90 trillion, which together with $169 trillion in US unfunded liabilities totals $259 trillion, which is $778,000 per US citizen or $2,067,000 per US Taxpayer.
Now, the value of all US assets combined: every piece of land, real estate, all savings, all companies, everything that all citizens, businesses, entities and the state own is worth $193 trillion.
Our total debt, $259 trillion minus our total net worth, $193 trillion equals negative $66 trillion of debt and liabilities after every asset in the US has been sold off.
So even if the US could sell all assets at the current value, which is impossible, it would still be broke.
This is where the ‘Great Reset’ comes in and he asks, “Is it a controlled demolition of the global markets, economies and the world as we know it? A shift into a new dystopian future where the elites are the masters of the slaves without the cosmetics of democracy?”
He notes how the world has changed so much in recent years and how nothing seems to make sense anymore.
He sees the blatant corruption and the obvious gaslighting propaganda media and the erosion of our rights but he doesn’t know where it’s all going and he finishes the thread asking, “What’s the end game?”
As Harrison Smith from the American Journal says, “It’s a pyramid scheme. The people perpetrating the pyramid scheme are in charge of everything…they’re going to sacrifice humanity in order to maintain their system…
“The world economy is being collapsed, the food supply system is being destroyed, the energy that we rely on to maintain civilization is being curtailed and eliminated and we’ll be forced into the Great Reset where we will own nothing.”
Former BlackRock stockpicker, Ed Dowd believes that the entire COVID sham was created as a cover for the financial collapse and that new lockdowns are coming, to try mitigate the inevitable violence and chaos that we can expect to be witnessing in the streets.
We also saw how Dr Mike Yeadon, former Pfizer VP also believes that COVID and the death shot are an elaborate hoax to engineer a collapse of sovereign currencies to bring in the Great Reset and the introduction of programmable central bank digital currencies (CBDCs), for a wholly-controlled population, in which people will not be able to buy food, etc. unless the algorithms permit and the undesirables can basically be starved to death via artificial intelligence.
Kim Dotcom June 5, 2022 Thread
(emphasis ours)
This may be the most important thread I ever make. Big picture stuff about the major global collapse that is coming.
I will try to help you understand why the future is not what we’re hoping for. It’s worse than most can imagine.
Our leaders know. But what are they planning?
The United States did not have a surplus or a balanced budget since 2001. In the last 50 years the US only had 4 years of profit. In fact all the profit the US had would not be enough to pay for 6 months of the current yearly deficit. So how did the US pay for things?
US spending and debt have spiraled out of control and the Govt can only raise the money it needs by printing it. That causes inflation. It’s like taxing you extra because you pay more for the things you need and all your assets decline in value.
See the US money printing frenzy:
The reason why the US got away with it for so long is because USD is the worlds reserve currency. Nations everywhere hold USD as a secure asset. So when the US Govt prints trillions it’s robbing Americans and the entire world. The biggest theft in history.
The reason why the US got away with it for so long is because USD is the worlds reserve currency. Nations everywhere hold USD as a secure asset. So when the US Govt prints trillions it’s robbing Americans and the entire world. The biggest theft in history. pic.twitter.com/K1UKC7tWf0
— Kim Dotcom (@KimDotcom) June 5, 2022
The problem is that this has been going for decades and there’s now no way to fix it. The reality is that the US has been bankrupt for some time and what’s coming is a nightmare: Mass poverty and a new system of control. Let me explain why this isn’t just doom and gloom talk.
Total US debt is at $90 trillion. US unfunded liabilities are at $169 trillion. Combined that’s $778,000 per US citizen or $2,067,000 per US tax payer 
Remember, the only way the US Government can operate now is by printing more money. Which means hyperinflation is inevitable.
The total value of ALL companies listed on the US stock market is $53 trillion. The real value is much lower because the US has been printing trillions to provide interest free loans to investment banks to pump up the stock market. It’s a scam.
Most of the $53 trillion is air.
The value of all US assets combined, every piece of land, real estate, all savings, all companies, everything that all citizens, businesses, entities and the state own is worth $193 trillion.
That number is also full of air just like the US stock market.
US total debt: $90 trillion
US unfunded liabilities: $169 trillion
Total: $259 trillion
Minus all US assets: $193 trillion
Balance: – $66 trillion
That’s $66 trillion of debt and liabilities after every asset in the US has been sold off.
Do you understand?
So even if the US could sell all assets at the current value, which is impossible, it would still be broke.
The US is beyond bankrupt. This patient is already dead. This patient is now a zombie.
You probably wonder why are things still going? Why didn’t everything collapse yet.
It’s all perception, denial and dependency.
The perception is that the US has the largest economy and the strongest military in the world. But in reality the US is broke and can’t afford its army.
The denial is that all nations depend on a strong USD or global markets collapse.
The reason why the US zombie keeps going is because the end of the US is the end of western prosperity and an admission that the current system failed as a model for the world. It doesn’t change the reality. The collapse is inevitable and coming.
What are our leaders planning?
You may have heard about the ‘great reset’ or the ‘new world order’. Is it a controlled demolition of the global markets, economies and the world as we know it?
A shift into a new dystopian future where the elites are the masters of the slaves without the cosmetics of democracy?
Without a controlled demolition the world will collapse for all, including the elites. The world has changed so much and nothing seems to make sense anymore, the blatant corruption is out in the open, the obvious propaganda media, the erosion of our rights.
What’s the end game?
Controlled? I doubt it will go that smoothly. It’s being done on purpose, but nobody is in control.
The Mad Max movie comes to mind.
Hey, it’s government. They can get away with anything.
And the people had better be quiet and comply. Or else!
The end game is hyperinflationary collapse of the dollar and all fiat, against commodities and especially the ultimate commodity, Bitcoin.
It happens like many things, incrementally for decades while we sleep, then all at once. We as a species are learning the power to print money is the One Ring which binds all in the darkness. Not even a saint could remain uncorrupted by such power.
Bitcoin destroys the One Ring, and removes from man forever the power to corrupt the medium of accounting.
Not sure what to make of Kim. Interesting material, for sure.
The Global Warming Nuts will create the Soylent Green world
I think that much of what we see (i.e. Social Security) is a literal Ponzi scheme. Some of the rest may not literally fit the description of a Ponzi scheme, but it still has the feel of it. It’s just a matter of time. We are in a speeding car, heading for a brick wall, and we (the government) is taking small steps trying to buy a few more moments of time. But we will slam into the brick wall. That’s not even a question. The only question will be exactly when the crash will occur.
But we’ve passed the point of no return. The crash cannot be avoided.
The establishment’s is deluding themselves if they think there won’t be blood in the streets, both there’s and ours.
Solution? All Freepers must immediately start selling flowers and oranger at freeway off ramps and then send the proceeds to the US Treasury. Since inflation will make the price of the flowers/oranges to $775,000 a sale, we will soon be out of debt. Problem solved.
Will probably be “points” rather than any currency like USD. It’ll be just like a game then and they have a name for that, gamified. All the facebook game players or any other game players are quite used to that as are sports fans.
Do the right things and get points. Do the wrong things and lose points. Half or more of the population is silly enough to accept it as the ‘new normal’.
Get your shot and gain points.
Use too much fossil fuel or buy too much meat and lose points.
It’s amazing he would write something like this considering his case is still under judicial review and there’s a very good chance he will ultimately be extradited to the US. He best leave New Zealand and head to Russia before that happens.
thanks
Endgame (Revelation 6):
5 When he opened the third seal, I heard the third living creature say, “Come!” And I looked, and behold, a black horse! And its rider had a pair of scales in his hand.
6 And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius, and do not harm the oil and wine!”
Whether his prediction will come true or not I don’t know. US governance has been grossly defective for a long time, mainly because of the decadence of its leadership class (and by that I don’t mean it’s politicians).
However, he uses a different mode of calculation of national debt than is normal. He includes future monies owing or, rather, implied future spending on certain programs like Social Security and Medicare. That is not actual financial debt, money owing on actual loans, which is under 1/10th of his number. That is bad in itself as debt is now = gdp.
But focusing on SS and Medicare as “debt” is fallacious. Most government spending is “necessary” and is going to continue into the future as it is all, practically speaking, already committed, so why isn’t it all “debt”? Definitions and wording don’t matter to economic analysis, spending is spending.
His calculation is not the correct way to do a long term income-expense analysis. A better way is to use a net increase, expense-income, over a given time, that is, taking the deficit, not the debt, and projecting it out. He would be making a necessary but improbable assumption of a straight line projection, but that’s par for the course in these things.
Even so he would end up with a much smaller number than his assumed value of US assets. And that too is a thorny question. Valuing assets is not at all straightforward. Personally I would use a present value of US GDP discounted for x years at y% interest. We can argue over appropriate values of x and y.
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