Quote from: jballs on January 29, 2014, 08:20:03 PM

Quote from: LRCGROUP on January 29, 2014, 11:16:36 AM

Quote from: empoweoqwj on January 29, 2014, 09:33:15 AM

Quote from: Ix on January 29, 2014, 06:27:09 AM

Quote from: empoweoqwj on January 29, 2014, 04:27:31 AM

What's the size of the US debt. Its got too many zeros for me to count ...

I have something for you to give you an idea of the size of the debt

USA's Debt

Imagining the American debt-image is not an easy task...

The picture you know, it is a 100 dollar bill.

This famous and known everywhere 100 dollar bill will help us to represent the debt figuratively.

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A whole new perspective!!!!!!!!!!!!!!!!

Those are from demonocracy.org a cool site for sure.

But consider that all that money is owed to someone. That's a lot of wealth. Of course this is just a shell game in the end. The debt was invented, nobody "had" all that money to lend out, they just invented it because they have laws written to say they are "creditors".

Take Europe... Take Greece for example. Ten years ago the German and French banks open up the spigot and say "Hey borrow all you want at 4%"

Well common delusion holds that the Greeks borrowed money that these banks had. This is mostly untrue. Because it was sovereign debt, the banks credited Greece with "zero capital allocation". Or in other words they just entered a debt on a ledger and handed Greece newly printed Euros from the ether.

So 10 years go by, 40% of the principal has been paid as interest to the banks, but Greece still owes 100% of the principal because that is the game.

But there was no money borrowed from some wealth holder to lend to Greece. It was conjured for the sole purpose of lending to Greece.

Of course they can never pay it back, I mean the whole world can never pay back more money than the whole world has. This is what the public must wake up to, and realize the banks aren't "owed" jack shit. They have a lot of explaining to do, they owe us a definitive reason we should let them hold their license to steal if they are not furthering human progress (which at this point it is hard to argue that they are doing anything but enriching themselves at the expense of humanity).

Don't get caught up in the illusion of debt, it is just that, it is a rigged game. To whom is what owed... is the ultimate question of the 21st century.

And this is exactly the thing that has happened in the United States, and is happening all over the world where the bankers have extended their power. There is no loan. There is no debt. There are only lies to try to keep people under control. Now that you know that your parents and grand-parents never borrowed any money when they thought they did, how do you feel? We all got taken.

Bitcoin has a chance of changing all that for us, if we wake up!