Quote:
Originally Posted by JAMS14
A plan whose time has come.
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Perhaps, if Mr Sanders is insane or delusional.
HOW CAN WE PAY FOR "FREE" HEALTHCARE?
(Not everyone has a job, nor a "good job"!)
18+ Trillion Dollar Public Debt
Pursuant to the Coinage Act of 1792, et seq, that debt computes to over 900 billion ounces of gold, stamped into coin.
❏ Problem #1 : Fort Knox depository (allegedly) holds 147.4 million ounces of gold.
❏ Problem #2 : World wide supply (est) is 5.6 billion ounces of gold.
❏ Problem #3 : At current mining rates, it would take over 8000 years to mine enough bullion IF the debt and interest were frozen right now.
❏ Problem #4 : The validity of this insane public debt cannot be questioned, pursuant to clause 4, 14th amendment, USCON.
Remember, the dollar bill (Federal Reserve Note) is a debt, and has minus value. It cannot pay off the national debt - being part of it. (See: Title 12 USC Sec. 411)
So "where" does all that money come from?
To authorize spending more, Congress has to go deeper into (impossible) debt, borrowing FRNs (dollar bills) to pay for it.
WHO IS OBLIGATED TO PAY OFF THIS DEBT?
Our children?
Our grandchildren?