Forget abolishing the debt ceiling - Abolish the debt

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Friday January 18, 2013 · 11:59 AM PST

2013/01/18 · 11:59

I have kept my mouth shut for most of the insanity of the "fiscal cliff" goofiness, the Republican debt ceiling blackmail, and the hopeless Democrat reactions. No longer.

I have hoped for many years now that the American people - hey, the world's people - would wake up to see who is exploiting them and what is causing the unending mess we are in. Let's see - there was the Savings and Loan debacle, then the Enron debacle, and finally the ongoing disaster of the "Great Recession," to mention a few obvious candidates for a wake-up call Every time the banking cartel managed to cover up the workings of their money machine, pin the blame on the victims, and skate away with even more power - yet the people didn't wake up. Well, here goes. Wake Up!

Here's the straight fast ball: The worldwide financial oligarchy and banking cartel (comprising such entities as the Federal Reserve, most central banks, the big players (i.e. Goldman Sachs, JP Morgan Chase, et al), and the branches of governments they control) create virtually all the money in the world out of thin air, call it loan it to us, and demand repayment. This includes the national debt of the USA. Except for a trivial amount of coins, all the money we are forced to use is debt money, we have been suckered into saying we will repay. No government, no laws, no Constitution (least of all the US Constitution), or any other legal nicety gave the financial oligarchy this power. They took it. Don't believe it? - read on.

RSS