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zakruti.com » Knowledge, science, education » Weird History
Who Is the US In Debt to?

Who Is the US In Debt to?

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Rating: 4.5; Vote: 2
It was 1917 when the United States had just joined World War I. With demands for military investment growing, the US Treasury Department was in desperate need of money. Without enough of its own, the Treasury Department had to borrow it from someone, but was also constitutionally required to receive congressional approval to take on debt and make financial decisions. Rather than oversee every increasingly common request and transaction, Congress figured, Hey, let's give the Treasury Department power to oversee their own debt! But we have to limit that so we don't get ourselves in any trouble. Thus the debt ceiling was born. It was a means to allow the Treasury Department to get money, accrue debt, and invest in everything the government needed to invest in without requiring constant approval from Congress, while still allowing Congress to control the total amount of debt accrued.
Date: 2023-08-02

Comments and reviews: 20


No one owes anything. it's all made up. Just like money itself is made up. Also there is no such thing as a deficit. It's an imaginary number formed by by trying to account for money spent by a gov't entity. The thing is you can't ever regain money spent and earning more, raises this imaginary number. Creating an endless cycle of pretending. Just like we pretend money has value. Without the gold standard, modern money is actually just the cloth it's printed on.
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So the debt is treason because we literally print enough to be completely debt free annually and have leftover but we give it away and pass the debt onto future generations and still trade goods and sell land to our debtors. This is just using our citizens as resources to take care everyone else's problems and selling us out to future enslavement when they get tired of waiting on payment or buy all the land and assets they need.
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I lnow you guys probably wanna stay as apolitical as possible, but if you re going to bring up there s political arguments about it every couple of years, you should be upfront and honest about them only being started by republicans against democratic presidents. They are happy to raise the ceiling the rest of the time and democratic congress doesn t do the same to republican presidents.
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Here s my idea to attend to the matter:
An official list of debts should be made, and every 4 years, the lowest debt on the list is payed off in full. So if Japan is on top as +1 trillion and, say (Hypothetically speaking, Cambodia as a random example was rock bottom on the list with like a few million, we pay back that lowest mass sum, and over the next _long_ while we work our way up.

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nobody who owns a buisness can operate like this becase of credit, the us and other countries dont have to use these rules, they just kill people to establish their new banking empire (the founding of america) and then just use debt to pay everthing, it doesnt work like that in the real world why should the leaders get away with it? because they have all the fake money
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what about our gold, America? where is our gold, America? why is nobody allowed to even see it, America? still more than 1200 tons of gold missing, America!
Germany wants its GOLD BACK! unlike some fake data money this is a real solid asset!
her mit dem Gold, kleptomanische Fed!

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The federal reserve. You want to stop inflation and reduce the debt? Get rid of the Federal Reserve. Every dollar in your pocket is a loan that the government got from the federal reserve that has to be paid back.
Go back to the gold and silver standard and watch prices drop

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And they owe money to nations that would never get the debt officially put down in writing. Nations they ve disenfranchised then convinced the world that good deed was done while they simultaneously cage up and murder migrants from those nations
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0: 36 In the classic American novel All The King's Men by Robert Penn Warren (1946, protagonist Jack Burden ultimately looks for a money trail to solve the mystery.
Robert Penn Warren was the first Poet Laureate of the United States.

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0: 36 Follow The Money is a catchphrase popularized by the docudrama All The King's Men (1976) (wikipedia.
The film won Four Academy Awards for Best Supporting Actor, Best Screenplay, Best Art Direction, and Best Sound in 1977.

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Eating ANOTHER Weird History Meal!
This time eating HAMBURGER HELPER STROGANOFF (from the Weird History Food video The White-Gloved History of Hamburger Helper ) with parmesan cheese. while wathcing this Weird History video!

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we only have this charade when there is a democratic president, and the republicans have the majority in the house. the previous administrations got two clean debt ceiling bills. the second one when the democrats controlled the house.
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0: 17 Credit Cards are bad news, I haven't used one for almost twenty years and never want to use one again.
It would not surprise me if a large portion of the population has maxed out all their credit cards.

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I guess now we wait to see what happens, now that the US credit score is getting downgraded, it s only Fitch and China that have dropped them down to AAA- and AA+ so far, but the rest are likely to follow.
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It's all fake any way it's really strange that we think we're such n advanced civilization n yet to they we handle money n debit it's like a child playing saying this red checker is worth 5 army man figures
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2: 48 Just watched the James Bond film Skyfall (2012) again the other day (July 31, the last day it was on Netflix.
Daniel Craig is such a fantastic James Bond and that is such a great film!

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banking charter comes from the vatican, nowhere else. there's roman script on every piece of money. why does the vatican want us in debt to them? debt defined is obligated labor, slavery.
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3: 42 I remember going to License To Kill (1989) in the theaters, such a great film!
Really glad Timothy Dalton was James Bond, he is such a great Bond and great actor!

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5: 02 One of Gargamel's goals in the tv series The Smurfs is to turn the Smurfs into gold.
In the episode To Coin A Smurf, he turns some of the Smurfs into gold coins.

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0: 11 Arguments over who is going to pay a check is the worst, especially when one person is trying to cooperate and the other is trying to compete.
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