In Reply to Fears About the “National Debt”
What people are missing — and Mr. Stockman, too — is that the “National Debt” is in fact falling, not rising anymore.
How is that possible?
Simple. The “National Credit” is being applied to pay down the “National Debt”.
Last month, Winston Shrout applied $400 billion directly against the National Debt. And that is just one man properly applying the remainder of a commercial claim against the so-called “National Debt”.
As I have tried and tried to get through to people, there actually is no “National Debt”. There is only a criminally mismanaged bookkeeping system.
In a monetary system based on Promissory Notes (I.O.U.’s aka “Federal Reserve Notes”) there is only one transaction possible and it is known as “passing the buck”. When someone pays you with a debt (an I.O.U.) and you accept that debt as payment, a credit is created for him and a debt is accrued for you.
You never get paid for anything until you “pass the buck”—and use that debt instrument as a means to receive something real in return.
Think about it in another way— every time a debt is created, so is an answering credit of equal amount.
The debts and credits naturally cancel each other out. There cannot be a $20 Trillion dollar “National Debt” created without the existence of an answering and equal $20 Trillion “National Credit” being created.
So what is all this horse-hooey about?
The ”United States Government” — as opposed to the American Government — has been very profligate. It has borrowed and borrowed and avoided paying its debts and squandered money like a drunken sailor for decades, and in the process it has accrued a $20 Trillion dollar National Debt for itself.
The American Government as a whole, meanwhile, has been very circumspect and diligent and has accrued no commensurate debts so that a $20 Trillion dollar National Credit (and a great deal more) has accrued on our side of the ledger.
It’s time for the Internal Revenue Service to do the bookkeeping and zero out the “National Debt”. It should be a routine process akin to balancing a check book, but instead it has been made into an excuse for fraud and theft on an unimaginable scale.
It’s also time for the vast majority of the members of the U.S. Congress to be sacked, thrown out on their ears, given a pink slip, sent home in dishonor, and held feet first to the fire for their gross lack of accountability, honesty, and competence.
After having spent considerable time talking to members of the “U.S. Congress” I am convinced that most of them (1) have no idea how the government of the United States is supposed to work or fit within the framework of the American Government as a whole, (2) have no clear knowledge of how the government bookkeeping and accounting system is supposed to work, (3) and aside from knowing how to ”appropriate” money for every unauthorized and questionable purpose in the western world, have no idea where the so-called money comes from, how it created, or anything else about it.
A more brainless, irresponsible, unfocused, unaccountable, indecisive, self-absorbed, egotistical, crooked, and abominable assemblage of human flotsam than the “U.S. Congress” has seldom been collected on the face of the Earth. One can only assume that Washington, District of Columbia, is the drain-hole of the world, and that the dregs of society have been dressed up in $2500 suits and trotted out as a joke.
Clearly, when the actual land jurisdiction states convene a Continental Congress and examine the topic of credentials and requirements for Congressmen and US Senators, having a brain and an I.Q. above 60 should be first on the list, followed by a solid understanding of how the American Government functions, followed by an equally solid grasp of basic economics, bookkeeping, and accounting. Congress, after all, has the singular task of holding the purse-strings, and they have also very apparently failed to do so.
As for the political parties supporting such appallingly unqualified candidates for office, they should be universally despised as significantly worse than useless and self-interested.
The whole idea of “political parties” was imported here by European immigrants cast out of their own countries for their participation in the 1848 Communist Worker’s Rebellion. It is a foreign concept and practice being promoted by a foreign “government” services corporation that is under contract to us and our states to provide stipulated services. None of the familiar political party frou-frou-rah has anything to do with our actual and lawful government, except that the “United States” Incorporated has been criminally mismanaged and allowed to run rampant over the people and states that it is hired to serve and polarized by different political party platforms which serve special-interest agendas instead of seeking the Public Good..
As part of the much-needed overhaul and reform of the “Federal Government” as its functions pertain to our states of the union, I believe that political parties should either be outlawed as seditious special interests or all political elections should be publically funded or both. Continuing to allow the “end results” of two rival gangs’ selection process to control corporate offices that have such important duties to perform is nothing short of madness. Elections for actual Public Offices must be resumed within the broader framework of the American Government and new restrictions and requirements must be imposed upon those offices and processes of the United States Government which affect us and our states.
Anyway, folks, next time someone starts prattling about the “National Debt”, be sure to cock an eyebrow and inquire— “What National Debt?”