China Tells U.S. to ‘Live Within its Means’(nytimes.com)
nytimes.com
China Tells U.S. to ‘Live Within its Means’
http://www.nytimes.com/2011/08/07/business/global/china-a-big-creditor-says-us-has-only-itself-to-blame.html
2 comments
[deleted](1)
http://www.nytimes.com/2011/08/07/business/global/china-a-big-creditor-says-us-has-only-itself-to-blame.html
This 3rd party does get interest paid for that.
So the government wants an amount of X dollars to exist.
The FED ceates X but demands Y interest.
However, only amount X exists and X+Y does not. To pay back Y,a new amount has to be created.. Over which interest Z should be paid, etc. etc.
In other words: it's impossible to pay back the national debt to the guys who have claimed the magic right to put ink on some cotton and call it a million dollars. Dollars which can no longer be exchanged for silver as was possible a few decades ago...
Now why do these banks keep loaning money? Well they already own the country since the default of 1933. The current collateral is every U.S Citizen and their future labor if someone has a birth certificate!
The only free people in that sense are those who have a Sovereign/Freeman of the Land status, living under Common Law instead of Maritime Admiralty Law.
Youtube: "Have you met your Strawman?" & "Choosing Freedom" for more of an introduction..
[1] See e.g. The Money Masters - http://www.youtube.com/watch?v=JXt1cayx0hs