Why can't government use its own 50% of the land as collateral?
"Why can't government use its own 50% of the land as collateral?"
Why does the govt. own 50% in the first place
Nixon already committed the mineral estate of the West as collateral for the Federal debt after the collapse of the Brettonwoods agreement. We had borrowed that money from the Europeans in order to defend them from communism.
Go figure.
You think it doesn't ??
Teacher, 'Why can't government use its own 50% of the land as collateral?' :
'...Since the federal United States DIDN'T HAVE ANY ASSETS, they assigned the private property of their "economic slaves", the U.S. citizens as collateral against the un-payable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit
organizations [SUCH AS THE NATURE CONSERVANCY a partner of the United Nations], as collateral against the federal debt. All has already been transferred as payment to the international bankers....'
The Bankruptcy of The United States
http://www.apfn.net/DOC-100_bankruptcy.htm