Friday, 30 April 2010

So You Want To Do Something About The National Debt?

The national debt is a headline concern at the forthcoming UK general election. But not just here, all across the world there are nations struggling with government debts. So this might be a good time to ponder where this debt comes from and what can be done about it?

Ask anyone why we have a national debt in the first place. Simples:
"When government spends more than they take in, of course."

Everyone wants to pay off the national debt. This is the commonly given solution:
"We need to raise taxes and/or lower spending."

Ah, but government and the banks (who are one and the same to me) want you to think that way, don't they. It's no threat to their little game when you think like that. To really understand where the national debt comes from, is to know how to end it. And to understand that, we have to look at one example when a nation did actually pay off their debt:

The country is the United States.
The President is Andrew Jackson.
His campaign slogan was "Jackson and no bank!", referring to his plan to abolish the Second Bank of the US (central bank).
He did so, and the national debt was actually paid off!

How could this be? I'm not going to write an essay on this here. A comic book seems more fun :)

The Money Myth Exploded

So now ^ you know why we have a national debt and how to get rid of it. We do not have to 'pay it off', it is a fiction designed to enslave everyone with ever spiralling taxes. It is only worth as much as the paper/digital money we use, which is issued as a debt by 'independent' banking cartels called central banks.

Tell me, with a few exceptions (like mass exporter China) that prove the rule, why is almost every country (3rd world and 1st world) wallowing in debt? Who are they in debt to? The financial cartel that leeches off their nation, that's who. The debt based currency itself is the origin of the national debt. The scam is centuries old but has grown ever more perfect in the last 90 years. An honest monetary system would not allow this kind of stuff to happen.

I don't think most people, even in America where it is popular-ish, grasp the magnitude of the problems that eminate from the pernicious entity that is the central bank. They think 'oh, they want to audit the Fed because they should have regulated the banks more' or something. Bollocks! They are the banks, seizing your nation by proxy!

Bank of England - Abolish It

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