You cannot pay down a debt that is increasing because of compound interest with taxes. There is no ceiling on compound interest charges. They are in effect infinite. The reservoir of tax revenue is finite.
Taxes can never be raised enough to keep up with the compound interest generated by a fiat money supply. You will choke off all incentive to earn if you even try it.
You cannot cancel out compound interest charges by reducing current spending. The interest is compounding on old spending that is on the books forever.
You must end the Fed and exile or imprison all the owners of the Fed.
Then you default on all debts charged to the American citizens by our unconstitutional central bank.
Then you promise war on any creditor that seeks to take American assets or soil in return for some phony paper crap issued by the illegal, parasitical, predatory central bank.
Once you do all that, you de-globalize America and vow to never repeat the mistakes made during the century we were enslaved by money changers.
Blog Archive
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2009
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December
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- Innovations?
- Clogged Arteries
- Mismanagement Of Money
- Wall Street's Top Ten Lies, 2009
- Prices and Value
- Central Bank Is Anti-Free Market
- Why Not Default?
- Emphasis
- Rules
- Rat In A Snake
- States Going Broke
- Hunter-Gatherer
- 1929!
- Too Big To Flush
- Vortex
- Malinvestment
- Kill The Zombies
- Cold Water
- More Bourbon, Anyone?
- Extra Zero, Anyone?
- A or B or Both?
- Interlocked
- The Phony Panic Of 2008
- Keynes Was A Globalist And Probably A Communist
- Instant Debt Consolidation
- Fiat
- The Bureaucratic System Is Un-Democratic
- Liberals In Fantasy World Continue To Insist That ...
- Let The Skies Open Up
- Cold > Flu? No.
- Virus and Cannibals
- Republic
- Market Manipulations
- The Fed Puts Global Interests Above National Inter...
- Nothing Amiss?
- Principles Of Sound Money
- Borrow More To Grow?
- Origins Of The Internet
- Globalization's Failure for America
- Reckless Overspending
- Better Idea: Stop Debt Payments
- Two Kinds Of Money- Neither Is Free
- Government Is Not An Investor, Part 2
- Government Is Not An Investor
- The Myth Of Government As Private Sector Job Creator
- No Such Thing As A 'Climate Denier'
- Medieval
- 'New Ice Age' Fearmongering From The 1970's
- Phony Leftist Environmentalists Silent About Envir...
- Interlocked
- The Sweat Did Not Warm The Horse
- Row Your Earth
- Bernie Sanders On Bernanke
- Extreme Is The New Mainstream?
- Goldman Is Arming
- Carbon Offsets
- Price Support
- How Can You Declare Victory When The War Is Not A ...
- Drug Money
- Linguistic Violence
- Shock and Awe
- America Without A Middle Class
- Sovereign Debt Crisis
- ClimateGate's Phil Jones Resigns
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December
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Tuesday, December 15, 2009
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