Quote:
Originally Posted by BeerGeek40
There shouldn't be any deficits at all!
There should be a BALANCED BUDGET AMMENDMENT!!!!!!!!!!!!!!!!!!!!!!!!!!
|
Actually, there is a good reason to not have a balanced budget.
The last time CONgress accidentally balanced the budget (1999-2000) was during the
dot com boom which rapidly became the
dot com bust.
Most people are unaware that dollar bills are IOUs (debt) that are authorized by CONgress borrowing more (deficit spending). See: Title 12 USC Sec. 411.
Since usury (interest) requires an ever growing money token supply, CONgress must always keep borrowing to authorize more dollar bills to be printed. And since these notes are borrowed, at interest, MORE debt is needed to service the debt.
Yes, this is insane.
No, you cannot challenge it, pursuant to Clause 4, 14th amendment, USCON.
Remember, CONgress has no power to CREATE money. It is delegated power to COIN MONEY (stamp bullion) or BORROW MONEY. CONgress cannot create bullion.
Since 1933, CONgress has been dead broke, issuing worthless repudiated IOUs (Federal Reserve Notes), that are not redeemable in lawful money.
And if you're a participant in FICA, you're an obligated party, pledged as collateral on that bogus debt.
http://www.federalreserve.gov/faqs/currency_12773.htm ● How much U.S. currency is in circulation?
● There was approximately $1.5 trillion in circulation as of February 22, 2017, of which $1.47 trillion was in Federal Reserve notes.
U.S. Population (2017) : 326,474,013
>>> $4,502.65 per capita <<<
Federal Budget (2017): $3.65 Trillion
How does government spend $3.65 T when there is only $1.47 T in circulation?
>>WHOOSH<<
The "Velocity of Money" - the speed by which the scarce and finite medium of exchange must pass from wallet to wallet lest the muggles find out about the Giant Scam in place.
That's why no one seems to have any spare cash despite inflation.
It's not a case of "too much money chasing too few goods."
Folks are strapped for cash. And the rich are not bidding up the price for milk and eggs.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
