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.