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What would happen if the world's debt disappeared?
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The elimination of debt would be the elimination of what we call wealth. The green stuff in your wallet is a receipt for a claim check on a debt that can never be repaid. It was never meant to be repaid. It was created to enslave the citizenry and extract wealth from productive citizens to make interest payments on the ever-increasing debt. And it has to continue to grow; the system will not function without a constant expansion of debt.
When you send a check to the IRS it is not used to run the government - it is applied directly to interest payments on the national debt. Read the Grace Commission report from the Reagan administration. In fact, if you send your payment Certified Mail - Return Receipt Requested, you will see that JP Morgan signed for it, not the IRS. The debt does have collateral though. It is the real property and wealth of the citizens of the Several States, pledged to the World Bank when your Birth Certificate was issued. You were enslaved in 1933 when JP Morgan bailed out the U.S. Government and Roosevelt called in all the gold coins. |
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