Is the National Debt of the United States significantly a Practical Joke being played on Americans?

[PatrickTate]

If this theory is true then the technical term for this may be "Neo-Malthusian Economic Philosophy."

I now need to give you a quotation from Dr. Kevin Zadai Th. D. who reports having a brush with death back in 1992. Jesus explained some astonishing mysteries to Dr. Zadai with a clarity and a simplicity that leaves me somewhat in awe.

I do believe that we are living in a time period when Isaiah chapter forty five verses one to thirteen are being fulfilled somehow and every Christian can pray about this and become more well informed on how this may relate to the history of Canada and the USA. [I believe that my Canadian ancestors are ashamed of how ignorant that they were during the years 1750 to 1776 because if they had known the truth they would have tended to support the American Revolutionaries in their desire to be independent from the Monarchy in England].

... "Jesus said that this unbelieving world is not going to accept you, but He said, “Do not fear, for I have overcome the world.” What is it that is bothering you today? You might not think that you have access to the Father, but it has been provided to you. You might think that you cannot just go to the Father and ask Him for something. The first thing you should ask the Father is to open your eyes. Your relationship with God is going to drive out fear. You have to grasp that God is not limiting you. He has never limited you. The Holy Spirit came on the Day of Pentecost and took the ceiling off. You can go as high and as far as you want.

If you would believe, God would give you the ability to completely pay off our national debt. God has a way of paying off our debt in our country. There is a way to do it. God knows that secret. But instead of focusing on our country, what about focusing on your bills? What does the Holy Spirit want to tell you by pulling back a veil that will cause you to be debt-free within the year? That will happen if you believe. The Holy Spirit has so much more for you, but you have limited Him. Because you have limited Him, He can’t speak to you. Because of that, people that are prophetic can’t come to you and confirm what God has said because you won’t hear it.

You can trust God. Relationships that you are having trouble with can be resolved tomorrow morning. If you accept what God is saying, the Spirit of God will enforce a blessing in your life to the point where you will see your family members and friends start to respond. " (Dr. Kevin Zadai, Prayer Secrets Level 1, Warrior Notes School of Ministry, lesson 4 )

 

[PatrickTate]

I feel that I should begin with what appears to be me a scheme that was hatched in Europe as well as in Canada to make the national debts of both the USA and Canada APPEAR on paper to be vastly inflated in comparison to what could easily have been accomplished if the rather brilliant Bank of Canada policy that was in effect from 1938 to 1974 had simply been continued.

(Betty Krawczyk) :

"But somehow this worked backward for Trudeau. Many Canadians still think highly of Pierre Trudeau, but in 1974 he did one terrible thing that changed the lives, for present and future, of all Canadians, for the worse. Trudeau gave the leading operations of the Bank of Canada over to the private banks operating in Canada.

The Bank of Canada was first established by Prime Minister Richard Bennet in 1935 as a private central bank, but was then nationalized by William Lyon Mackenzie King in 1938. By nationalizing the bank, Mackenzie King meant for it to belong to the people so the Canadian government could borrow funds with little or no interest for capital expenditures. The mandate of the newly nationalized Bank of Canada was to act as the banker to the government and to manage the public debt. As Mackenzie King famously said: “Once a nation parts with the control of their currency and credit, it matters not who makes that nation’s laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of sovereignty of parliament and of democracy is idle and futile.”

So the Bank of Canada was nationalized in 1938 and the government could now borrow money with little or no interest. And it worked. The Canadian government built freeways, public transportation systems, subway line, airports, the St. Lawrence Seaway and funded a national health care system and the Canada Pension Plan. But then Trudeau, under the influence of the international financial group called Basel’s
Committee’s Recommendations (The Basel Committee on Banking Supervision) made the decision to halt the borrowing of money from the Bank of Canada, and instead, chose to borrow from the private banks who instead of lending to the government at no interest, or low interest, introduced higher interest rates along with compound interest.

All banks know very well the magic of compound interest. And Pierre Trudeau must have known that the mounting compounded national debt would lead to Canadians eventually owing a dollar fifty for every dollar of their disposable incomes. After all, he studied economics at the London School of Economics. Surely the professors there knew about compound interest.

So Pierre Trudeau, instead of feeling blessed that Canada, unlike the US, had a nationalized central bank, signed our bank away to the private banks. Couldn’t Trudeau, such an educated man, surmise that citizens in a few years would be struggling to make car payments and meet rent and mortgages and student loans and to buy healthy food while last year’s profits for the big five (that’s Royal Bank, TD Bank, Scotiabank, Bank of Montreal and CIBC amounted to $31.7 billion?) If he did, he didn’t care. But it doesn’t have to be this way. It really doesn’t. Our Bank of
Canada is still there. Next time."

(Betty Krawczyk)

 

[PatrickTate]

My last name "Tate" is pretty obviously an English name.

I was raised listening to the Irish Songs of Rebellion made famous by The Clancy Brothers and Tommy Makem so after I am twenty or so and I figure out that my last name is an English name, [from Northern Ireland], I go through something of a spiritual or philosophical identity crisis.

On the plus side this rather sets me up to Plead Guilty when I find out that my people have made some serious errors that have implications to the situation now in 2025 with the world facing a possible Bear Market.

I believe that the full truth of what was happening in the United States was HIDDEN from us Canadians or we would have tended to support the Americans in their Revolutionary War in order to become Independent from the USA.

Here is a part of the full situation that tends to be downplayed for reasons that will become obvious if you think and pray this through.

Chapter 49 — The History of Banking Control in the United States

This fight of the International Financiers to install their fraudulent debt-money system has been particularly vicious in the United States of America since its very foundation, and historical facts show that several American statesmen were well aware of the dishonest money system the Financiers...

famguardian.org

[Alain Pilote]

We are in 1750. The United States of America does not yet exist; it is the 13 Colonies of the American continent, forming “New England”, a possession of the motherland, England. Benjamin Franklin wrote about the population of that time: “Impossible to find a happier and more prosperous population on all the surface of the globe.” Going over to England to represent the interests of the Colonies, Franklin was asked how he accounted for the prosperous conditions prevailing in the Colonies, while poverty was rife in the motherland:

“That is simple,” Franklin replied. “In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to make the products pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”

The English bankers, being informed of that, had a law passed by the British Parliament prohibiting the Colonies from issuing their own money, and ordering them to use only the gold or silver debt-money that was provided in insufficient quantity by the English bankers. The circulating medium of exchange was thus reduced by half.

“In one year,” Franklin stated, “the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”

Then the Revolutionary War was launched against England, and was followed by the Declaration of Independence in 1776. History textbooks erroneously teach that it was the tax on tea that triggered the American Revolution. But Franklin clearly stated:

“The Colonies would gladly have borne the little tax on tea and other matters, had it not been the poverty caused by the bad influence of the English bankers on the Parliament: which has caused in the Colonies hatred of England, and the Revolutionary War.”

The Founding Fathers of the United States, bearing all these facts in mind, and to protect themselves against the exploitation of the International Bankers, took good care to expressly declare, in the American Constitution, signed at Philadelphia, in 1787, Article 1, Section 8, paragraph 5:

“Congress shall have the power to coin money and to regulate the value thereof.”​

The bank of the bankers" [Alain Pilote]​

 

[ThatDumbChicken]

Not all debt is bad debt. Going into debt to fight a war to assure global peace, investing in infrastructure, investing in exploration of new energy sources, and investing in education are examples of things that would return long term gains for a nation. However, our government (US) uses debt to pay off their cronies first. We don't have a receivables problem (taxes), we have a payables problem (unchecked spending and waste).

/end finance rant

 

[PatrickTate]

Not all debt is bad debt. Going into debt to fight a war to assure global peace, investing in infrastructure, investing in exploration of new energy sources, and investing in education are examples of things that would return long term gains for a nation. However, our government (US) uses debt to pay off their cronies first. We don't have a receivables problem (taxes), we have a payables problem (unchecked spending and waste).

/end finance rant

In my opinion this was an exceptionally good rant. Thank you.

I totally agree with you and I would even go so far to say that if Economist Milton Friedman was with us now in 2025 he might even suggest that both Canada as well as the USA initiate an Unconditional but Taxable Basic Minimum Income Supplement of a paltry sum, [such as perhaps five hundred dollars per month], but it is created in the same way as the rather brilliant Greenback Monetary Policy Experiment that was done by President Lincoln during the Civil War.

I believe that Dr. Friedman would suggest that this five hundred dollars per month be give equally to all American citizens and legal residents and to all Canadian citizens and legal residents REGARDLESS OF THEIR INCOME... so that BUREAUCRACY can be unnecessary.

This could be the next major step toward a Canada and a USA where women do not feel a huge amount of economic pressure toward them choosing to abort their babies.

Capitalism and Freedom - Wikipedia

en.wikipedia.org

x. The Distribution of IncomeFriedman examines the progressive income tax, introduced in order to redistribute income to make things more fair, and finds that, in fact, the rich take advantage of numerous loopholes, nullifying the redistributive effects. It would be far more fair just to have a uniform flat tax with no deductions, which could meet the 1962 tax revenues with a rate only slightly greater than the lowest tax bracket at that time.

xi. Social Welfare MeasuresThough well-intentioned, many social welfare measures don't help the poor as much as some think. Friedman focuses on Social Security as a particularly large and unfair system.

xii. Alleviation of PovertyFriedman regarded welfare programs as misguided and inefficient. To replace them, he advocates a negative income tax, giving everyone a guaranteed minimum income.

xiii. ConclusionThe conclusion to the book centers on how, time and time again, government intervention often has an effect opposite of that intended. Most good things in the United States and the world come from the free market, not the government, and they will continue to do so. The government, despite its good intentions, should stay out of areas where it does not need to be.

 

[ThatDumbChicken]

I believe that Dr. Friedman would suggest that this five hundred dollars per month be give equally to all American citizens and legal residents and to all Canadian citizens and legal residents REGARDLESS OF THEIR INCOME... so that BUREAUCRACY can be unnecessary.

Well, that would just create inflation and do nothing to end the bureaucracy.

 

[PatrickTate]

Well, that would just create inflation and do nothing to end the bureaucracy.

Up until now Compound Interest Over Time has been used to keep the majority of Canadian and Americans running like Gerbils on an economic treadmill. Economist Milton Friedman did explain one possible way around that problem.