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re: Interest on the debt is 60% of the Amount taken in by the Treasury in February
Posted on 5/9/24 at 9:27 pm to VoxDawg
Posted on 5/9/24 at 9:27 pm to VoxDawg
quote:
The amount taken in by the Treasury is immaterial. It's all based on the US' willingness to enforce our fiat currency as the world's reserve notes under threat of force from the US Military.
Well the answer to that is we can't do that anymore. In fact, our aggressive foreign policy has caused the hold on reserve currency status to weaken further. Something like 58% of trade transactions are dollar denominated. It used to be much higher.
The US military won't save us. It's overrated anyway.
1
Posted on 5/10/24 at 5:14 am to RiverCityTider
quote:
Well the answer to that is we can't do that anymore. In fact, our aggressive foreign policy has caused the hold on reserve currency status to weaken further. Something like 58% of trade transactions are dollar denominated. It used to be much higher.
The answer of how to defeat the machine is to overload it.
Again, the more important question is to whom do we owe $35T and counting? It doesn't stop at some Schoolhouse Rock ditty about the national bank that Alexander Hamilton created.
The El Salvador President was on the nose. Paying high taxes is an illusion of funding the government.
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