The National Debt

It is absurd to think that there is any serious argument about the Fed’s National (Paper) Debt, now realistically in the hundreds of trillions of (paper) dollars, being paid back. It was never going to happen. The current financial / monetary system will inevitably need to be ‘restructured’. It’s not a matter of ‘passing the buck’ onto future generations. The current system is fundamentally a Ponzi Scheme; which poses the question: “To whom is this paper debt really owed?” The same Ponzi scam has been being run by the same principals on peoples and nations for centuries and it always ends in the same way. There was never any expectation that this ever expanding paper debt scheme be repaid.

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About 2012 Convergence

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