[Lorianne]

Where does debt go?

[PetroniusMaximus]

Another “buy my book” site.

[Paladin2]

To make derivatives.

[ProudFossil]

The fourth sentence proves this is a fraud. Don't buy it.

I was one of those in the banking industry as a systems analyst/programmer in 1999. The Y2K was not a hoax. At least four of the banks I dealt with would have completely crashed if we did not modify EVERY FRIGGING computer program they had running which performed any kine of computation base upon date so it could handle the change from 99 to 00. This was occurring because all the programs had a date format of mmddyy and not mmddyyyy. It would be a complete disaster. As it was we did not meet the deadline on all the programs and had to fix some of the minor ones dealing with reports and not with computations after 01012000.

The biggest problem was in the computation of interest and penalty charges. The old program (depending upon the bank) would either compute the interest all the loans and savings on 01012000 on either 99 years or would think there was an error in the data and simply crash.

This man is not to be trusted, even less than any politician or lawyer.

[Signalman]

If the economy (and the markets) have a major, severe crash between now and the election, it seems to me this will really help Trump for obvious reasons.

[roadcat]

Where does debt go?

Seems to me that a lot of people who are in debt want an economic collapse. They think it will rinse away their problems and they can recover. Same with our government; they kick the can down the road but probably aren't concerned about a coming economic collapse. Fools, all of them. When it happens, it will be hard and long. People in debt are not going to easily recover; they'll be suffering in poverty for years. The government is running out of other peoples' money and handouts will be constrained.

Debt will transform into suffering for most people. People need to get off their butts and create some assets in order to ride out this coming storm.

[SkyPilot]

The government is also eyeballing your IRA, 401(k) and pension even now. Stealing it from you and replacing it with government paper would knock a big hole in the so-called “government debt” and prop up the system for a while longer.

Many people talk a big game, and say "If the Government did that, it would be Civil War II!!!"

No it wouldn't. People would be indredibly depressed and angry, but there would be very little they could do about it. And forget about the courts making things right. Plus, the "Takers", the UN, and the Vatican would rejoice and sanction the theft. Mark my words.

And if you made any trouble, they will deny you Medicaid, Social Security, any form of private or public pension, and anything else they can think of.

[AllAmericanGirl44]

bkmk

[A CA Guy]

This is the Great Depression with social programs and government pumping 40% of the stock market our money.

93 million unemployed is a number bigger than the Great Depression when measured as a percentage of the population compared to that time in the past.