Is there any Limit to US “Debt”?

henrymakow.com – Aug 30, 2020

Owning gold today is like yelling fire in a crowded theatre and hoping people will rush to the right exit. In a crisis or crash, they are just as likely to dump gold and embrace the “worthless” USD.

by Henry Makow Ph.D – (henrymakow.com)

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In 2000, U.S. debt was $6 trillion — a 30% debt to GDP ratio. It was $14 trillion in 2010 and $23 trillion in 2019, increasing $1 trillion a year while the U.S. economy was booming. Or maybe this is why the economy was booming. The U.S. was charging $1 trillion a year, year after year, on its national credit card to buy things and to engineer this growth.
Since 1919, the US has created another six trillion and is considering another six. That makes $35 trillion.
“Money” is a medium of exchange that the central bankers create as a debt to themselves. It is a mental concept, a notion of value expressed in terms of some coupon (i.e. currency.)  It has no inherent value. Its value is based on its acceptance for goods or services and is linked to the “credit” of the issuing nation. Your “money” is just digits on a ledger kept by the central bankers, the same people who encourage sodomy.
The criminal cabal in charge has been producing this “money” and stuffing its pockets and those of its friends.  Is there any limit to the amount they will produce? If the “debt” doubled to $70 trillion, would it make any difference?
“Debt” is simply the money supply. It will never be repaid and shouldn’t be. Interest rates are near zero so there’s no limit to the amount they can create.

GOLD

 

Continues …

8 responses to “Is there any Limit to US “Debt”?”

  1. They will default and call a ‘Debt Jubilee’. This will work for a short period, but the debt will soon surge again. They need to keep asset prices inflated in a world rigged for deflation. The only way to do this is by creating more digital debt for banks and corporations. Bezos is now reported to be just shy of $200 billion in net worth… all because of money creation. This is because there are NO FREE markets, & in real terms, the sheeple get poorer every year. As China, Russia and many other nations move away from using the US Dollar for global trade… the old system required nations/businesses to buy US $$s to make their trades and every trade paid the US a commission… nations have had enough of this, so they decline of the US Dollar to do trade deals, means the US must create more dollars.

    Now you know why the UK deep state pushed through Brexit, the City crime cartels are in bed with the Wall Street mob and this is why they have been destroying the global trade system since 2008 with currency wars, illegal sanctions & now trade wars. Covid is the latest gambit to bring the world down because the US and UK are absolutely bankrupt.

    Two respected US academics published a report on US debt, this was around 18 years ago. The report was largely ignored. They concluded that REAL US DEBT was over $200 TRILLION… this was 18yrs ago.lol So maybe they can do another 18 or 40 years?

    Fact, the US and UK are full blown fascist states.

  2. The Satanic Ashkenazi Khazar Illuminati rule and own America. They own the cowards and traitors of the US Congress and the leaders of the US military. America is DEAD.
    You will learn that with negative interest rates and the new digital currency that will be controlled by the Satanists of the FED.

  3. Odious Debt~ a legal way out.

  4. Forbes predicts a USA national debt of 78 trillion in 8 years, that is over a 60 trillion increase. Is there a limit to the insanity of exponential debt and the answer is yes, there is.

    There is a limit to everything, this Universe is set up with limits. Only investors with super optimism buy junk bonds. A shift could send junk bonds crashing.

    The limit of US debt is debt buyer psychology. Every dollar of debt has to be sold to someone, they have to be willing to buy it. So the limit of spending is based on public perception of solvency. Interest rates are an indicator of this shift from optimism to pessimism. According to some researchers on wave patterns, interest rates on the 30 year Treasury bottomed out in March 2020. Now they are going up. A huge surge up in long rates will cripple US ability to borrow.

    You can watch the action live right here. Click on candlesticks and daily to see blow off top on March 09 2020.

    https://www.investing.com/etfs/ishares-barclays-us-treasury-bond-chart

    There is a huge long standing debate on this topic, there is much discussion on hyperinflation vs deflation. I have studied this intently since 1984 when I bought a bunch of Kruggerands and watched the price go sideways and down. Inflation never pushed gold to the moon, I had gotten suckered by the inflation argument and that forced me to dig deeper to figure out why.

    The argument is gold is real money, and the increase in money supply with make gold be revalued in many more dollars. Gold in Canada got up to 2800 Canadian dollars recently, but will it continue? The bulls say yes, I am not so sure. There is a good deflation argument and it goes like this: there is so much debt that when the economy crashes like it is now, millions will not be able to pay, so prices of everything will crash, and negative psychology will set in and deflation will take hold which could last decades.

    Those states with hyperinflation did not have capital bond markets. Zimbabwe just printed money with more zeros, but in Amerika every dollar that comes into circulation is first by creation of debt. The world is drowning in debt, there are millions and millions of houses in forbearance right now, soon there will be millions of defaults and house prices will crash far worse than 2009. Cash will be king, gold will plunge below 1,000.

  5. Dear Henry, you really do go too far when you say things like,
    “The criminal cabal in charge has been producing this “money” and stuffing its pockets and those of its friends. Is there any limit to the amount they will produce? If the “debt” doubled to $70 trillion, would it make any difference?”

    You cannot say our cartel or cabal is “criminal”. Don’t you see we actually own all of the law makers, and besides whatever we do is quite above any of the laws which apply to the common people. As for stuffing our pockets, the families which make up our network of central banks throughout the world are in fact the main power brokers in the world. That is our right. Your governments demand every year more than they can afford with one deficit budget after another, always saying that this or that is necessary. By indulging them we simply acquire more power and control. It is called “ownership”.

    What are we to do, give them our own gold or assests in their borrowing process and never see it again? That is one of the reasons why we have fiat money. It can be made out of nothing and we can make as much as your governments want, so long as they do not spend it on things against our interests or endeavors too far out of our control. Also, we do not simply “give” it too them or there would be hyperinflation all of the time and no confidence in any fiat currency. Rather we “lend” it to them such that if we ever called in all the loans it would bankrupt every government which has been borrowing for years from our banks. Furthermore, we are able to charge interest on what we lend, which usually sustains the value of our own holdings in compensation for the masses getting all of their free stuff, for so many generations and not paying us back for the exercise of our god-like powers in being able to create something out of nothing.

    You have to realize that with the development of our central banking systems all over the world, and particularly through global development lending and our investments in places like China, the economy of the world has grown exponentially over the last 100 years. Presently, the US dollar cannot serve the global needs and is being phased out not with a whimper but with the bang of a mushroom cloud in the creation of unlimited trillions. For decades we tried to hide what is now called “the shadow economy” where we worked with the US Fed to create vast amounts of cash out of nothing, to facilitate both business and political interests particularly in developing and and other irascible nations around the world. It made little difference to inflation, as the money seldom made it back to the US or to Europe and it usually came back to our banks anyway.

    Since 9/11 when the loss of some of those trillions were being investigated, we have been more open as to the importance of always having enough money on hand to do whatever we want, and quite frankly even if we were to make the US dollar debt to us $70 trillion as you say, what we have found is that people around the world, despite complaining about our alleged abuses of power, still keep demanding the stuff. It is very similar to the heroin industry, which grew out of our venture in China in the 19th century during the opium trade, the more you produce the more people get addicted to the stuff. With our latest batch of 6 trillion, everyone holding dollars, wants their value to be retained, yet in places like China, India, and Russia what they complain about is the unfair power the US is able to wield around the world by being able to draw so much money from our banks and spend it the way they do, particularly on their military and as a political weapon to serve their interests and those of our families.

    In this respect, these nations fortunately do not excessively complain against our families controlling the money supply, but rather they tend to focus on the various favored governments which appear to direct the government spending and allocations. They complain mainly against the US and for the most part just about every other nation in the world has agreed to take that power from the US, and allow our central banks to create a new world currency, and to be their banker. It will require, however, a central government to allocate the expenditures when the borrowing from us will be necessary, and of course to enforce trade with this currency on a global scale that central government will need independent military backing. For a good number of decades now the governments of over 190 nations have agreed with this direction and the necessity of there being a one-world government to ensure the necessary financial stability. They are all nations which are part of our web which either have a firmly established central bank in our control or are completely indebted to us for all of our loans from institutions such as the IMF and the World Bank.

    The engineering of these new arrangements, which some refer to as the New World Order, however, could not be accomplished by a fiat like we create money. Various nations competing with one another for resources or territories, will not agree just to a global currency, or a global banking system akin to the US Fed, without a central global government for financial enforcement of trade and regulation, and even if they do not agree to a world government, quite frankly places like China and Russia will only continue to feel the abuse of our powers being exercised by favored nations like the US, the UK and Israel.

    Then apart from differences between the various governments who are in our direct or indirect control, there are the masses of ordinary people in the world who still believe they have a say in such affairs, which are in fact many steps removed from them. Such a world government which our families have envisioned, will have to give them something in exchange for giving up their local and national controls over trade and commerce. In this respect we have exercised our powers of creating hundreds of billions mainly of fiat-created dollars and “loans” to fund not only the UN but also all of its Agendas, to provide a credible, urgent and existential justifications for the necessity of a one-world government.

    To supplant many of alleged “sovereign” of nations particularly in the West, it has been necessary for us to be very generous allowing the borrowing and indebtedness to us to become virtually astronomical. As the governments of the nations have become subservient to us so also are the people of those nations. Whether our sustainability measures are actually necessary or not to cure the problems, like global warming or inequality, which issues our NGO’s, government agencies, media and corporate minions have developed and featured in their various campaigns, what really matters most to us is that there is some real substance to there being a one-world government. We need all the support we can garner through our efforts to convince people everywhere of the “necessity” of a one-world government.

    Alternatively, if the people reject our proposal most of the governments in the West are at the mercy of us calling in our loans and bankrupting them, whereas the other nations in which we have less control are at our mercy and discretion of continuing in the present system with the dominance of the US and the very precarious US dollar which in any case has had its day, in our view.

    Of course the Covid pandemic is a plandemic, and we through our various think tanks and networks have meticulously planned it over decades. In order for all of the major changes we have planned, including the big one for us of our global bank and one-world currency, the people have to become totally subservient. This is much more difficult to achieve in nations where the people think they have a semblance of freedom, and that is why the governments in these nations have been so extreme with the fear and control tactics we have ordained. It has been mainly the economic independence of most of the common people which makes them so unruly in these nations, and likely apt to opt to support the sovereignty of their own nations and local control, which is the main obstacle to our plans, and precisely why the severe economic restraints have been necessary under the guise of the pandemic. If the people do not comply, undoubtedly a second wave will come their way, and with that food shortages, and complete government domination in order to usher in all of our proposed changes.

    One of our most trusted agents who can see the light for a much brighter future, Karl Schwab of the World Economic Forum, has invited more people waking up to the facts of our virtually compete monetary control, to join in with the Great Reset, and to welcome in our New World Order, and our continued running the world, but on a much vaster, greener, smarter, more equal and more centrally-controlled scale, mainly by our families which have served you so well all throughout the 20th century until now.

  6. “Burn The Banks
    Kill The Jews”

    Post Everywhere

  7. markus: I was chatting to a South African bank owner, yes, he owned his own bank. This conversation was in late 2008 as we discussed the designed financial collapse. He said to me a line that I’ll never forget because this guy (like myself) understood the massive high crimes undertaken to destroy the financial system… & this destruction still goes on today. He said: “I am surprised the people are not in the City burning the banks down.” This from a bank owner. lol

  8. Jacob Rothschild non avrebbe mai detto cose simili le avrebbe solo pensate,Non e da lui