Topic: Economy, what's left of
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"Spending"
OK, lets do a bar napkin calculation of whats happening. Macro Economics 101.
They "spend" "money" my EYE. NO ONE is spending "money" here, its all computer balance sheet entries else with this level of "spending" and "debt" there would be no trees left...
NO ONE is paid in cash here, so "money" is not being used. Especially in a fractional-fiat system (approaching a cashless society)
OK, now that its clear that theres no "money" being "spent" check this -
They are "spending" more than receipts. = TWO issues, NOT ONE:
1.) deficit "spending"
2.) national debt
They are not the same, one leads into the other but not vice versa.
They "transfer" some fund balance to, say, an IRS employee. Thats spending from a debt, they have to borrow to pay it.
Borrow what? Money? No, "credit"
How is it "borrowed?"
Apparently from "bond sales" which means that nothing tangible is being sold. They arent selling a bond in a municipal water supply somewhere with tangible asset value, its smoke and mirrors on paper.
A "bond" is sold where its nothing but a promise to repay. The exchange between contracting parties is "funds to shift towards a debt hole" against "promise to pay by a Govt which is eternally bankrupt"
Smell a rat? It cannot BE repaid. $15TRILLION will be repaid with an economy in a smoking hole? NEVER.
So only the insane investor would "lend" to such a "borrower" proving THERE IS NO LENDER. It sure as HELL isnt CHINA, they bailed out of US Bonds, so were told.
So this cycle of borrowing to cover debt continues and now we hear two things from both sides:
1.) taking from "entitlements" like Social security into which CITIZENS have PAID REAL ASSETS
2.) increase in TAXES which is closer to "money that is real" This is taking real value from the cyclical economy (real economy, not Govt smoke and mirrors)
See the scam? They are not just "creating" but "inflating" an imaginary debt hole, where nothing was actually "borrowed" and attempting to STEAL REAL FUNDS to "pay it back"
The proof that nothing was actually "borrowed" (of any real value) is that nothing was exchanged of any real value and its generally contractually fraudulent to have an exchange thats only one-way.
And whats worse than that fraud is that if, for example, it is China "lending" these imaginary funds then its a scam to repay an imaginary transfer from China back in REAL FUNDS stolen from Americans.
Biggest financial FRAUD in HISTORY. This is a giant reverse transfer of funds stolen from the American People to pockets in Government.
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