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today, countries like USA, UK, Italy, Greece etc are up to there neck (and beyond) in debt and pay huge amounts in interest payment on that debt. why don't countries have a huge reserve (as opposed to debt) and lend that money out so it can run on the interest received on that instead of running on taxing the population ? this way the population will be free from taxation and free to prosper. this will also help the economy grow because 0% tax will attract investors from around the globe. the country would be richer as a result.
kind of like if someone put 10,000,000 in a savings account, and lived off the 1% per annum of interest he/she would get off it ($100,000).
by my calculation, today, the UK spends £682 billion every year, a reserve of £68.2 trillion would be required for the UK to live on a 1% per annum interest alone. in comparison, the US would require $372 trillion. that is alot but for the past 100 or so years, wouldn't that have been plenty of time to build a huge reserve ?
As of 2006, here are the top ten countries in terms of gold/foreign exchange per GDP. I put number 11 on the list too, because of its particular importance in the world economy.
Rank Countries Amount
# 1 Libya: $1,182.04 per $1,000 of GDP
# 2 Singapore: $1,031.34
# 3 Lebanon: $844.11
# 4 Botswana: $773.84
# 5 Hong Kong: $695.48
# 6 Algeria: $681.71
# 7 Malaysia: $551.90
# 8 Lesotho: $478.29
# 9 Jordan: $463.45
# 10 Malta: $463.05
# 11 China: $402.16
. . . # 152 United States: $5.24 (second to last, ahead of only Ireland.)
I believe Norway has a very large sum of oil money invested. As for the USA, even ignoring that our entire financial system is built upon the value of government bonds, our political system would demand large tax cuts long before the debt could be paid down. We saw this in the 2000 election, when the debate wasn't evwn about whether or not to have a tax cut, but merely how large and at what marginal rates.
Last edited by eastmemphisguy; 02-09-2014 at 09:03 AM..
today, countries like USA, UK, Italy, Greece etc are up to there neck (and beyond) in debt and pay huge amounts in interest payment on that debt. why don't countries have a huge reserve (as opposed to debt) and lend that money out so it can run on the interest received on that instead of running on taxing the population ? this way the population will be free from taxation and free to prosper. this will also help the economy grow because 0% tax will attract investors from around the globe. the country would be richer as a result.
kind of like if someone put 10,000,000 in a savings account, and lived off the 1% per annum of interest he/she would get off it ($100,000).
by my calculation, today, the UK spends £682 billion every year, a reserve of £68.2 trillion would be required for the UK to live on a 1% per annum interest alone. in comparison, the US would require $372 trillion. that is alot but for the past 100 or so years, wouldn't that have been plenty of time to build a huge reserve ?
Answer: Because the global banking cartel wants to keep nations and individuals enslaved.
today, countries like USA, UK, Italy, Greece etc are up to there neck (and beyond) in debt and pay huge amounts in interest payment on that debt. why don't countries have a huge reserve (as opposed to debt) and lend that money out so it can run on the interest received on that instead of running on taxing the population ? this way the population will be free from taxation and free to prosper. this will also help the economy grow because 0% tax will attract investors from around the globe. the country would be richer as a result.
kind of like if someone put 10,000,000 in a savings account, and lived off the 1% per annum of interest he/she would get off it ($100,000).
by my calculation, today, the UK spends £682 billion every year, a reserve of £68.2 trillion would be required for the UK to live on a 1% per annum interest alone. in comparison, the US would require $372 trillion. that is alot but for the past 100 or so years, wouldn't that have been plenty of time to build a huge reserve ?
That would be Norway and the UAE you are referring to.
Norway's passive investments are within the government's pension plan. Those investments are held in trust for the benefit of the pension beneficiaries, not the government itself.
There are so many problems with this idea - it's just not even conceivable. You have to let go of the idea that a government can operate like a business or household.
today, countries like USA, UK, Italy, Greece etc are up to there neck (and beyond) in debt and pay huge amounts in interest payment on that debt. why don't countries have a huge reserve (as opposed to debt) and lend that money out so it can run on the interest received on that instead of running on taxing the population ? this way the population will be free from taxation and free to prosper. this will also help the economy grow because 0% tax will attract investors from around the globe. the country would be richer as a result.
kind of like if someone put 10,000,000 in a savings account, and lived off the 1% per annum of interest he/she would get off it ($100,000).
by my calculation, today, the UK spends £682 billion every year, a reserve of £68.2 trillion would be required for the UK to live on a 1% per annum interest alone. in comparison, the US would require $372 trillion. that is alot but for the past 100 or so years, wouldn't that have been plenty of time to build a huge reserve ?
as others have said.
“Give me control over a nations currency, and I care not who makes its laws.",
the family of ROTHCHILDS
suddenly enormous interest in how much people are making who are working. not that the ones inquiring are working intend to work or have worked. as the Millennialists age, a surge of "lets share" is heard throughout the country.
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