Posted on 06/28/2021 3:25:12 PM PDT by Jonty30
Now, do understand, I realize that we cannot drop the dollar with the garbage politicians that we have in office. Inflation would go Venezuela and everybody would suffer. I totally understand that we cannot do that at all. So, I realize that we can't do this, so I don't want to discuss about how our politicians cannot be trusted and all that, because I know that.
However, my thought is what if we cleaned up the deficit financing and dropped the dollar to pay a bunch of debt back. Then we tightened up the federal financial policy until the dollar recovered and we dropped it again at some point to make another large payment on the debt.
Could the debt be paid off this way theoretically?
To be clear, my question is along the lines of the fantasical idea of having politicians that really wanted to do best for the country and not line their pockets with millions of dollars.
Please don’t give our idiot leaders any ideas!
We’ll be lucky if the USD doesn’t collapse.
The value of the dollar is dropping like a rock now anyway. You don’t have to do a thing to lower its purchasing power. mr Biden is taking care of that in spades
Raise tariffs to pay off the debt. It is what Alexander Hamilton did to put the new nation on the road to fiscal responsibility. High tariffs funded the government completely and allowed manufacturing to develop in the new nation.
If you purposefully reduce the value of the dollar, people might think it will drop further. If everybody sells it, the value goes to zero. You can then pay the entire debt.
Drop it to what? Its at zero now. Why do you think most of the federal agency buildings in DC are shutdown and the place is a ghost town? There is no money.
High tariffs funded the government completely and allowed manufacturing to develop in the new nation.
while at the same time income taxes or internal taxes were almost nothing.
First wrap your mind around how big a number 28 trillion is. Not only is it a hole too deep to dig out of, it’s unfair to say the least that everyone should tighten their belts because the country was mismanaged for decades by a relative few who completely sold us out. Screw it. Let it implode. This country will never be ‘fixed’ through the conventional channels. It needs a societal upheaval like you read in history books but are glad you weren’t there.
Print enough money to pay down the debt that matures and then tighten policy.
I understand that it is a disaster, with our current crop of politicians, but I’m just wondering about the economics if our country was run by angels and they did this?
Good Lord. Please don’t give them any ideas! Aside from destroying the USD as a reserve currency, it would f*** us all in the ***. We’re already suffering inflation...and you want to increase it?
No. No need, no point, no interest in paying off this debt.
Bring on NESARA/GESARA. Bring on QFS.
Taking down the FED-based, IRS-aided Bankster Cabal will remove any need or desire to pay a single plug nickle of debt.
Switching to a precious-metals-backed new financial system will have some hiccups in the transition, but bring us back to sovereignty and freedom in the long run.
Andrew Jackson.
The real number "owed" to the banksters is north of $150T.
Try this on just for fun. The US corporation was dissolved in 2019 and Biden is president of a defunct corporation. There is no money.
Well, unless you consider the bankster Cabal's access to just create "money" out of thin air.
The Grace Commission determined that not a plug nickle of 1040 IRS tax money goes to pay any federal program. 1040 taxes pay a handful of bankster families, about 200 FED shareholders, and the small remainder after that to pay off IRS employees to keep their traps shut about the whole scam.
All federal programs just create new debt, tacked onto the existing $150T, for which we will forever (in theory) pay the interest on.
I’m in agreement with you. Our politicians, if they did this, would destroy the economy and country.
But that’s not the premise of my question. The premise of my question are a united front of politicians who are truly patriotic and are completely in service to the country. This question is really fantasitical of what would happen if we did this, to pay a large part of the debt down, and then tighten things up until the dollar regained its value.
It’s really an academic question more than anything else. I tried to make that clear in the beginning, because I’m only interested in the academic aspect of this.
Ron Paul says it’s $190T+
These people have children. Amazing
Those politicians have moved much of their wealth out of the country for the inevitable dollar collapse. They intend to take their children with them.
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