CANCEL The National DEBT
(media.conspiracies.win)
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Not before all USD in whatever form that was paid by USA gov, business and private persons for imported goods and resources and that belong now to non-US governments, businesses and private persons will be returned to USA and exchanged to something real and useful that is now belong to USA.
Huge part of US national debt is a foreign debt, i.e. US got something real from abroad in exchange to USD. That USD abroad is an obligation of US to accept that USD in future and exchange it to something real.
So, US have to pay out its obligations to the world in first place.
And only then, you coud do with US currency whatever you decide to be right thing to do.
world economy has everyone holding huge piles of debt of each other. National banks could agree to zero each others debts out.
they don't want to as that is an easy way to print more money as for some reason most of it drops in to black holes that are a couple of families that own everything
Yes, but this not the case for US.
From all US debt, something like $24T is in the hands of foreigners. And not the ones who own something to US.
US exploited USD reserve currency status too heavy, and now owe the world a lot.
After 1970s US trade balance was steady negative, so US import more than export more that 40 years.And if you don't export enough goods to cover your import, the only way to continue is to give obligations. USD is US obligations to the world. That have to be settled.
Really it is not a rare thing among countries that owe each other. But that situation itself is rare now, because today countries mostly owe IMF, not another country.
So why even have a world with money? The greatest gems in the world are food, water, and people. Only fools think rocks are of value.
you need tools to grow food and get to fresh water so a barter system was invented and made easier with money.
in and by it self money isn't a bad thing. That bad thing about it is that we forgot to put a use before date on to it.
Foreign DEBT created by SLAVE LABOR in Foreign countries .. Like CHINA .. This commerce system is a purgatory for most people living in it,
I'm afraid that will definitely not be enough to cover US debt to the world. It will be much more. Hardly US will be able survive as a sovereign state at all.
Not paying debts will make US a pariah state. I don't think that US citizens will agree to fall into stone age for the sins of stupid and greedy authorities. But they are part of problem too - they was happy to get cheap gas, cheap electronics, cheap food, cheap clothes and so on for nothing (exporting empty fiat currency).
To avoid this, US will have to make an agreement with the debtors. IDK what the terms would be, but in any case US will lose its world hegemon, democracy beacon, freedom inspector and other frauded statuses. How much debt will be traded for that resignation? IDK, but that looks like the only way to keep a country alive.
But there is silver lining in that sad situation - for some time TPTB will lose its fangs in form of US and that will be the best chance for the world to get rid of TPTB.
I don't see any other ways to resolve this situation without destroying world.
I don't think serious players have any plans or intention to literally invade and occupy your country.
Occupation of big and completely different country is not a simple task. You have to establish local administrations, state administration, control a lot of things, all that need an enormous amount of personnel who know local specific, know language well and so on. No country in the world have enough resources to really do it to any other big country.
US could not occupy us, Russia could not occupy US and so on. Even China have no chances to do it.
Only Jews was successful in that, but it took centuries for them to install occupation government. And they have a lot of specific disguisting abilities to do it, from chutzpa to mutual guarantee.
Hardly any other nation want to repeat that.
So, no, US will not be invaded. More probably it will be ignored.