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> “The debt obviously cannot be repaid”

You are absolutely correct.

See #31 above,

But here’s an idea, as the Fed fiat printing mechanism (or digital creation ability) is retired, the portion of the public debt held by the Fed and the US Government, about 50% or ~$12 trillion, is deferred indefinitely as in forever, letting it and it alone continued as federal reserve note fiat units which are taken to Weimar levels and allowed to disintegrate organically ending the fiat system altogether.

The remaining $12 trillion in US Debt held by investors and foreign interests can be substantially reduced by tax surpluses ramping up to a trillion per year. Given a golden age cycle of 10 years, this $12T US Debt can achieve a 50% reduction leaving the rest as a manageable line item.

Many will think reducing the debt by the above means is a pipe dream but US Oil and LNG exports are set to dominate the world. After the current glut fades, the US will emerge as the world’s leading fuel provider for decades. I’ve said it before, I’ll say it again, from direct observation, the Bakken alone contain proven reserves 10 X all of Saudi Arabia’s proven reserves. This is only one pathway to reducing the public debt to manageable levels.

The migraion of IRAs and other retirement vehicles into the trading exchanges under ELISA was an abomination. These pension funds and personal retirement accounts in my view need to be placed into tightly regulated federally insured blockchain accounts under an enormous decentralization reform act applied to the current banking system.

We will need innovative technology to create securities for stable retirements. In any case, it should be extracted, kicking and screaming if necessary, from exchange risk with the incestuous inbred oriented Wall St. fund managers. There will always be a place for wealth managers but the ones catering to middle class will have to be redirected to new products. They will adapt as their expertise focuses on seeding and growing dollar crops for future harvest. No one likes to change old habits. Well, tough. They will do fine once their asses are kicked hard enough.