It Is Mathematically Impossible To Pay Off All Of Our Debt

Zero Hedge ^ | 5/22/15 | Michael Snyder/Tyler Durden

[tbw2]

If we had 20% or higher inflation for a few years with debt locked in at 2% rates, then the debt becomes payable.
Everyone miserable, but payable.

[bert]

at ~7% inflation, by the law of 72, the debt will be halved in 10 years

[Safrguns]

>>> I don’t play chess, but I thought that was what you were getting at, lol!

Thanks... I feel better now. :)

[DoughtyOne]

I went to the U. S. Government web site and pulled down the data. Then I developed my own jobs study spreadsheet using that data.

[DoughtyOne]

Thank you.

[Gluteus Maximus]

Someone’s going to take a bath.

That someone would be us taxpayers.

[desertfreedom765]

Very few people understand how money is created or what Fractional Reserve Banking is. (and you know that).

When money is created out of nothing, that increases the money supply. You do that on a large scale such as keeping interest rates artificially low for a long period of time. It creates housing bubbles, stock market bubbles, etc.

The Constitution mentions gold or silver as acceptable payment for taxes. When was that repealed?

[justa-hairyape]

Assets are worthless if you have no buyers. This land will eventually become uninhabitable. Some of our cities already are. Detroit,....

[Toddsterpatriot]

Very few people understand how money is created or what Fractional Reserve Banking is.

People who run around saying it's based on debt should know.

And if you know what fractional reserve banking is, why would you be surprised that there isn't enough cash to pay back all the loans at once?

When money is created out of nothing, that increases the money supply.

You deposit $1000 in the bank. I take out a loan for $900. The increase in the money supply wasn't created out of nothing, it was created from a deposit.

You do that on a large scale such as keeping interest rates artificially low for a long period of time.

Did Venezuela create inflation by keeping rates too low for too long?

The Constitution mentions gold or silver as acceptable payment for taxes. When was that repealed?

You don't think FRNs are constitutional?

[publius911]

Bookmark

[St_Thomas_Aquinas]

-— Old people were rare. -—

And children weren’t. Those who deliberately chose to have a minimal number of children may live to regret it.

[St_Thomas_Aquinas]

One thing we know abojt Marxists is that they do not cede power willingly which means the State will eventually outlaw the practice or turn public sentiment so sour to it that people are ostracized for doing so. If you think it’s impossible, look what they’ve done with gay marriage.

You're right. But the necessity may become too great.

Half of my extended family lived behind the iron curtain. Generations had to crowd into single-family apartments just to survive.

It may be our future.

[Personal Responsibility]

The one thing you know about statists is that they want to supplant the family with the State. So while the necessity will likely exist but the strengthening effect on the family unit will work against the Marxist goal of destroying the family unity as a support system. They’ll find some “reason” (read: guilt trip) to convince people not to live with extended family and/or pass laws which forbid it either through the front door or the back door.

For example, a law that states each person is entitled to X square feet of space in their home which has the effect of preventing 10 people in one house. Something along those lines would prevent the reconstruction of the nuclear / extended family bonds.

[Kozak]

People had lots of kids, true. They buried Many of them.