A Simple Fact

Image result for Blessed are the young, for they shall inherit the national debt

If you accept the above premise, consider this by extension:

A nation in debt is composed of enslaved people.

Sentient beings would then ask themselves to whom they are enslaved. Their masters are the political elite who enslaved them with debt. And that was always their goal.

David DeGerolamo

      
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2 Responses to A Simple Fact

  1. Average Joe says:

    “Permit me to issue and control the money of a nation, and I care not who makes its laws!”
    Mayer Rothschild

    “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that banking institutions are more dangerous to our liberties than standing armies…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
    Thomas Jefferson

    I expect the two would have not gotten along too well.

    Y’all have a nice day.

  2. daveburton says:

    I disagree.

    “Owe your banker £1000 and you are at his mercy; owe him £1 million and the position is reversed.”
    -- John Maynard Keynes

    What’s more, a debtor which can print money is not slave to its debts.

    Unfortunately, that means there’s little imperative for the federal government to budget responsibly.

    That’s another reason (one of many!) that a bare minimum of governmental responsibility and authority should be held at the national level. Since State and local governments cannot print money, they have much greater incentives to budget responsibly, because when they spend irresponsibly the consequences are much more immediate and obvious.

    “In the first place it is to be remembered that the general government is not to be charged with the whole power of making and administering laws. Its jurisdiction is limited to certain enumerated objects, which concern all the members of the republic, but which are not to be attained by the separate provisions of any. The subordinate governments, which can extend their care to all those other subjects which can be separately provided for, will retain their due authority and activity.”
    -- Publius (Federalist No. 14) [Madison, in collaboration with Hamilton and Jay]

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