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...and an adolescent, absurd game of semantic deception to boot.
Nothing from nothing leaves nothing.
Nothing added to nothing leaves nothing.
If I give you nothing, and tell you it's something, it's still nothing no matter what I say it is.
If I call it debt obligations - it's still nothing.
If I call it assets - it's still nothing.
---------------------------
FIAT - "Because I say so".
DEFINITION of 'Fiat Money'
Currency that a government has declared to be legal tender, but is not backed by a physical commodity.
The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of.
Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith.
Fiat is the Latin word for "it shall be".
INVESTOPEDIA EXPLAINS 'Fiat Money'
Because fiat money is not linked to physical reserves, it risks becoming worthless due to hyperinflation.
If people lose faith in a nation's paper currency, like the dollar bill, the money will no longer hold any value.
Most modern paper currencies are fiat currencies, have no intrinsic value and are used solely as a means of payment.
Historically, governments would mint coins out of a physical commodity such as gold or silver, or would print paper money that could be redeemed for a set amount of physical commodity.
Fiat money is inconvertible and cannot be redeemed.
Fiat money rose to prominence in the 20th century, specifically after the collapse of the Bretton Woods system in 1971, when the United States ceased to allow the conversion of the dollar into gold.
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'Monetizing the debt' is simply adding more nothing to what was nothing to begin with.
The idiots of the Corporate board members of Congress, and the bigger idiots from the FED have 'nothing-ed' their way into a pickle of stupid, and there is no way out except to keep portraying their faux ponzi-scheme system has value.
The Fed ponzi scheme has no real value, because it was built on fiat nothing to begin with.
If the Fed ponzi scheme has no real value, then conversely, what is claimed as 'debt' is non-existent.
This is the game:
The predator thugs at Federal Reserve - City of London corporations, the predator thugs at IRS corporation ( a foreign-based corporation operating on us soil ), and the predator thugs of the Washington DC corporation ( another foreign-based corporation operating on us soil ), falsely contend, that Human Beings who reside in the usa outside the jurisdiction of the Washington, DC corporation - are responsible for the volume of deception they refer to as 'debt'.
The true assets of any economy, lie in the ability of Human Beings who reside within said economy to produce output.
Hence, the Federal Reserve System constitutes a coercive scam of real asset theft, and control over Human Beings who reside and produce in the usa, because as is quite evident this late in the game - that even unlawful extortion ('tax revenue') generated cannot begin to cover even a minute portion of the predatory assigned debt scheme.
When the volume of the assigned (fake) 'ponzi-scheme debt' - is more than the total GDP (Gross Domestic Product) of the usa economic output - it becomes an absurd 'debt into perpetuity slave system' - which is exactly the system the unlawful predator thugs from the FED and the IRS want to maintain.
The ponzi-scheme assigned fake debt number could be 18 trillion, or 36 trillion - or whatever.
It really doesn't matter what number is bandied about, because nothing from nothing leaves nothing, or nothing added to nothing still leaves nothing.
When corporate board members of Corporate Congress debate or contend there is a 'debt ceiling' or there is no 'debt ceiling' - it is simply a show they put on for the cameras and the gullible public.
When playing the fiat revenue game, a 'debt ceiling' does not even enter into the picture.
In other words, why even consider a 'debt ceiling' - when it's all fake regardless?
As long as the FED's predator scheme of demanding something in return for nothing is allowed to continue on, the debt slavery system will continue to depress productivity, destroy economies, usurp assets, destroy the lives Human Beings, and maintain the power status of the parasitical predator state.
Any suggestions?
Lion
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: As the holiday season draws nearer, it is nice to know that a
: present for all Americans and future generations is
: building as the hordes of consumers’ storm the aisles of
: their favorite box store so that they can go further in
: debt. Much like maxing out your plastic limits and paying
: the monthly minimum, the U.S. Treasury just keeps rolling
: over their debt since their credit card has no ceiling. The
: banksters behind the Federal Reserve have no problem with
: monetizing the national debt, since the Treasury provides
: their stamp of guarantee. As the public sector continues
: their spending spree, few really know the extent and amount
: of their share of the obligation.
: Read the entire article on the Corporatocracy archive
: http://www.batr.org/corporatocracy/120314.html
: Subscription sign-up for the BATR RealPolitik Newsletter
: http://eepurl.com/ESQ5L
: Discuss or comment about this essay on the BATR Forum
: http://forum.batr.net/showthread.php?tid=13159
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