Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: TigerClaws

How is $30 Trillion in direct debt (and 3-4X that in unfunded liabilities) even possible?

Its possible because of our monetary system, based on a total, unbacked, fiat currency which can be manipulated at will by the Federal Reserve.

That’s why the founders of this country declared the US currency would be based on precious metals. It is something completely out of the control of politicians. It makes citizens equal to their government. Massive government debt would simply be impossible.

Its too late now. FED.GOV and the progressive empire it supports both home and abroad can not go back.


17 posted on 01/26/2016 12:30:11 PM PST by PGR88
[ Post Reply | Private Reply | To 1 | View Replies ]


To: PGR88

“Its too late now. FED.GOV and the progressive empire it supports both home and abroad can not go back.”

It will eventually collapse and then the world will get quite ugly.


18 posted on 01/26/2016 12:33:30 PM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson