JAN 21//RAID ORCHESTRATED BY BANKERS FAILS AGAIN: GOLD DOWN ONLY $2.00 TO $1558.00//SILVER DOWN 24 CENTS TO $17.82//HUGE QUEUE JUMPING IN BOTH GOLD AND SILVER//THE CORONAVIRUS HAS NOW SPREAD FROM CHINA TO OTHER COUNTRIES//IRAN WITHDRAWS FROM THE NON PROLIFERATION TREATY AND ARE NOW SUBJECT TO UN SANCTIONS//IMPEACHMENT TRIAL BEGINS TODAY: MORE SWAMP STORIES FOR YOU TONIGHT///
The Federal Debt Is Nothing to Lose Sleep Over CHECK THIS ONE - HOT STUFF!
Policy makers and voters often express concern about the level of the federal deficit, which topped $1 trillion last year, and the national debt, now more than $23 trillion. But, unlike a household that owes money to a bank, the U.S. government has the ability to tax its creditors. This power means that the federal government can afford any level of debt that is owed to American taxpayers. Here’s an example of what I mean. Suppose that the government’s debt is $100 million per person -- a huge amount that is many times larger than the current debt -- and the interest rate is 5%. How can the government begin to pay this, a figure that amounts to $5 million per person per year? It’s actually simple.
Suppose first that all U.S. taxpayers are exactly the same financially and so they each own the same amount of U.S. government debt. Then, the government can tell each person: your tax bill for this year and every year thereafter is equal to $5 million. People can pay this seemingly huge tax by handing over the $5 million in interest that they receive from the government. The entire process of taxation and debt finance ends up being a complete wash. Of course, not all U.S. taxpayers are the same and so they don’t own the same amount of U.S. government debt. But the government could simply announce that it is levying an annual 5% tax on all of the Treasury instruments now owned by U.S. taxpayers. That tax would generate enough money to allow the government to pay the interest that it owes.
Neither of these tax plans is inflationary. Their effectiveness doesn’t depend on the federal debt being denominated in U.S. dollars. And, of course, there’s nothing special about 5% or $100 million -- the argument works for any level of debt and any interest rate. Indeed, if it wanted, the government could retire its entire debt in a similar fashion, rather than simply paying the interest. The logic of the argument does depend -- critically! -- on the debt being owed to U. S. taxpayers. When the U.S. government borrows from non-taxpayers, such as the Chinese government, it becomes much more like a household that is borrowing from a bank... https://www.bloomberg.com/opinion/articles/2020-01-16/the-u-s-government-can-afford-much-more-debt
IT'S A TIME BOMB.. Mass Debt Expansion And Suppressed Rates. Mannarino
They are getting ready incrementally for an International Gold Standard that was announced in the 1990's by Benn Steil CFR, who was a featured speaker at the gold conference in New York. By the way, another featured speaker at that meeting was Larry Kudlow, one of Mr. Trump's chief financil advisors. Mr. Steil said that a gold standard was coming, and it would be DIGITAL. Bit Coin and other digital money has been touted, and the public is getting comfortable with all kinds of "Chip Safety" measures. We are well on our way to a completely cashless society backed by gold so that the public feels safe.
Bill Holter's Intrview with Dave Janda
Meanwhile we are being distracted by:
Peter Ruckman: The End of the Rope (This is really good)
What Will the Antichrist Do with the USA? | Dr. Gene Kim
Canada to unveil legislation to ratify USMCA deal on January 29: Trudeau
The Canadian government will unveil legislation to ratify the United States-Mexico-Canada trade deal on Jan. 29, Prime Minister Justin Trudeau said on Tuesday. Speaking to reporters ahead of parliament's return on Monday, Trudeau said Canada would immediately move forward on ratifying the trilateral trade pact, known as USMCA, with the United States and Mexico. "Passing the new NAFTA in parliament is our priority," Trudeau said while flanked by members of his cabinet following a three-day retreat. He noted millions of Canadians depend on stable, reliable trade. Canada is the last country to ratify the revamp of the 26-year-old North American Free Trade Agreement (NAFTA) that includes tougher rules on labor and automotive content. The deal cannot take effect until it has been ratified by all three member nations... https://www.kitco.com/news/2020-01-21/Canada-to-unveil-legislation-to-ratify-USMCA-deal-on-January-29-Trudeau.html Are Mexico and Canada the other two foreign parts mentioned in Dr. Kim's teaching?