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US Federal Debt – Problem Solved

The US federal debt is not legitimate, and thus no one should expect repayment:

  1. The federal debt is unconstitutional.
  2. The federal debt is Taxation without Representation.
  3. Most of the money loaned to the US government was stolen.
  4. Most of the money loaned to the US government was fiat.

Now let’s elaborate a little to help those who are being defrauded to defend themselves.

The American government has been spending trillions of dollars on programs it had no Constitutional authority to create, and such unconstitutional expenditures exceed the amount of the federal debt. Therefore,

The federal debt is unconstitutional.

Not only are most government programs themselves unconstitutional, but the debt used to pay for these unconstitutional programs, which were created by previous taxpayers, is paid for by future taxpayers. Therefore,

The federal debt is Taxation without Representation.

Taxation without representation is also unconstitutional. In fact, it is the reason America seceded from the British empire.

Given that the US Constitution is pretty simple, then anyone who loaned money to the US government should have known that they were loaning money to a fraudulent and illegitimate enterprise and thus should not expect repayment.

Of course, there would be a huge consequence – no one would be willing to loan money to the US government again until it started obeying the Constitution, which would be …

Good!

Although the US federal debt is not legitimate, most of the lender’s themselves are not legitimate either:

Most of the money loaned to the US government was stolen.

Much of the money loaned to the US government came from other governments as well as from the US government itself. However, all taxes collected by all governments are an initiation of force or fraud unless the taxpayer is paying voluntarily, and I have not met a single voluntary taxpayer in any country. We know this because even the tiny percentage who say they want the government to take taxes from them have never paid one penny more than their government takes by force, and of course, they have no right to take any of the fruits of other men’s labor. Therefore, governments should not expect repayment.

Over 90% of the money loaned to the US government was created out of thin air by central banks, governments, and fractional reserve banking. They also have a monopoly on the creation of money; whereas, in reality, money is a product like any other. Such monopoly money out of thin air is known as fiat currency. Now consider that:

Most of the money loaned to the US government was fiat.

More specifically, most of the money loaned to the US government was loaned by governments or banks who created it out of thin air while forcibly preventing competition with their fiat from honest money. Therefore, those who created fiat and loaned it to the US government should not expect repayment.

Jim
 

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