How to End the National Debt


One solution is to stop the war machine. At Boiling Frogs there’s a great recent post from Sibel Edmonds called “What National Debt? US Taxpayer Dollars Continue to Flow to the World’s Despots, Torturers & Human Target Practice Fields”. Among her findings:

Afghanistan gets around $7 Billion= $7,000,000,000. Now, don’t mistake this for our money spent on our war in Afghanistan. That’s in the trillions of dollars. That’s a separate deal. No, this money goes to Afghanistan’s government – known for being crooks, criminals, heroin dealers, and terrorist breeders. They take the money, and misplace it- so the money, some of it, ends up with the guys we are supposedly bombing and waging war against. Then we point at those guys and say, hey, you see these armed terrorists, and then we go bomb the hell out of them. They take the money and invest it in some highly lucrative poppy fields and heroin production, so that we can spend billions of dollars pretending to destroy those poppy fields and production centers.  And then we give more money to these government guys, so that we can go and bomb them some more, and target more poppy fields … and the cycle continues, and continues. Trust me, it makes sense …Not necessarily to you and me, but it makes lots of sense to our fat war-profiteers here at home. After all, who gives a damn if things make sense to the people-since when have they counted?

Of course Israel gets quite a lion’s share. That goes without saying. They get nearly $3 billion=$3,000,000,000, in military aid and another large sum as financial aid for …well, let’s put aside all the diplomacy and political correctness and call a duck a duck: They get all the military and foreign aid so that they can turn around and spend those dollars through their powerful network and lobby here, to make sure we are all screwed up in developing and implementing our foreign policy. Does that make sense? Just think about the billions of dollars, directly or indirectly, spent by the Israel lobby to form and control our foreign policy, aka war-war and more war. They get all those billions of dollars in foreign and military aid, come over here, get us into wars so that we go spend trillions of additional dollars in wars and screwing up the world … and ourselves… and then give Israel more in foreign and military aid. It doesn’t make sense, does it? Of course not, It’s not supposed to make sense, dude!

Egypt gets its $1 billion of our tax money for … for what? Thank God it’s been in the news lately so even the mass ignoramus population in our nation is able to have an idea: guns and bullets to kill political dissenters, tanks and tear gas to be used against civilians, helicopters to fire at civilians below … bring about a coup de tat, and then bring about another one …Okay, so that one we get. We know what they use our money and military equipment for. No brainer. As to why we would shower Egypt with all this money and military power? Why in the world do we end up giving all these dollars to the side that gets in via a coup, and to the side who takes out those who brought about the coup and gets in with its own coup … and another coup after that, and many dead … Why? Well, duh. It’s because that’s what we do. Since when has our government been in the business of providing reasons and justification to its people? Since when do they worry about having to make sense to their lowly people? Maybe, referring to the paragraph above, maybe it’s because of the billions of dollars we gave Israel, which came back here and were spent so that our government would put together this policy of giving billions of dollars to many different sides in Egypt – so that they would continue coups and butcher their people.

Pakistan gets more or less $1 Billion. They get military aid to make sure they create desirable conditions so that our military can send its drones out there and bomb the hell out of them every day. Makes sense. No? All right, try this: How else do we give these drones and our other killing machines a real-life test run? See! Like shooting ranges, our government needs to go out there, pick countries (and their inhabitants), and make them viable war-practice fields.  Call them Human Target Practice Fields. You haven’t heard?! Nothing like a real test drive. Of course these things ain’t free, so of course the money has to be spent, thus, our foreign aid to countries like Pakistan. Why is the price so high? Because Pakistan is dangerous, and it has nuclear weapons that we made sure they would get, and that makes Pakistan kinda expensive.

Those are just the largest recipients. For the complete list read the full article here:

Another way to end the national debt is to switch to government issued debt-free money. Michael Snyder of The Economic Collapse Blog describes what the process might look like:

#1) The U.S. Congress votes to take back all of the functions that it has delegated to the Federal Reserve and begins to issue debt-free United States Notes.  These United States Notes would have the exact same value as existing Federal Reserve Notes, and over time all existing Federal Reserve Notes would be taken out of circulation.

#2) The U.S. Congress nationalizes all debt held by the Federal Reserve.  That would instantly reduce the national debt by 1.6 trillion dollars.  In fact, there are a few members of Congress that have already proposed this.

#3) A Constitutional amendment is passed limiting future U.S. government deficits to a reasonable percentage of GDP.  Any future deficits would not be funded by borrowing.  Rather, future deficits would be funded by newly created United States Notes.  Therefore, the federal government would never again accumulate another penny of debt.

And it would be important to inject new money into the economy from time to time.  When existing money is destroyed or when the population grows it is important to inject a certain amount of new money into the system in order to avoid deflation.

#4) The existing national debt would be very slowly paid off with newly created United States Notes.  The U.S. government spent over 454 billion dollars on interest on the national debt during fiscal year 2011, and over time this expense would go to zero.

If the national debt is paid off slowly enough, it would not create too much inflation.  I believe that it could be paid off gradually over 50 years without shocking the economy too much.

Read the full article here:

Such a solution may seem simple, but the obvious obstacle would be overcoming the immense political and economic influence of the central banks. The only U.S. presidents who challenged the central banking scheme were John F. Kennedy, James Garfield, Abraham Lincoln and Andrew Jackson. Kennedy, Garfield and Lincoln were assassinated in office. Jackson would have been assassinated in an attempt in 1835 were it not for two guns miraculously misfiring. Jackson later famously stated:

The Bank is trying to kill me – but I will kill it!

…If the American people only understood the rank injustice of our money and banking system – there would be a revolution before morning.

This entry was posted in Activism, anti-war, conditioning, consciousness, Corporate Crime, Economics, Empire, Financial Crisis, Geopolitics, History, military spending, Recession, society, war, war on terror, wasted taxpayer dollars and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

1 Response to How to End the National Debt

  1. Jackson would never accuse today’s American citizenry of possessing a revolutionary spirit.

    Even if the American people cared and “understood the rank injustice of our money and banking system” they would do nothing, can do nothing. Their apathy is insurmountable. For as long as they have their distractions: their sports, games, toys, reality TV, animal foods, alcohol, drugs–both legal and illegal–they will care for or notice little else.

    As the founding fathers have penned, “. . . accordingly all experience hath shown, that mankind are more disposed to suffer, while evils are sufferable, that to right themselves by abolishing the forms to which they are accustomed.”

    No. To gather the masses for a stand against injustice would be as John Candy said, “We’d have more luck playing pickup sticks with our butt-cheeks.”

    As such, the knowing and the wise will quietly resign themselves to the whim of their leaders while peacefully acting for change and wishing themselves left to their own accord.

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