Debt backed by nothing

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wiseones2cents

Verified User
If Damocles is correct? And the debt is not backed by real value/wealth? Why are North Americans and everyone else paying interest on money that has no value? The creditor can never take a loss so why would they charge interest?

Therefore payroll taxes are a scam. Therefore the debt should not be honored and we certainly should not be paying payroll taxes or even interest on it.

What are your thoughts?
 
The way I see it? A nation should be able to make their own currency and build their own debt, interest free. The thing is that we are still slaves to Monarchs and European bankers, that make money out of thin air and charge us interest for it.

"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers - Congressman Louis T. McFadden (Rep. Pa)

We need a one world currency. Where debt would not be an issue since devaluation of currency would not be an issue.

The time has come for these super wealthy nobles to stop living off the backs of the tax payers. Most of their wealth they acquired via unlawful means. No wonder they(global elites) own all corporations and 50% of the world's wealth. They make money out of thin air and on top, charge interest on it.And who pays their luxurious lives? The global tax payers of course.
 
SmarterThanYou said:
wo2c, it happens every day. are you really not aware of that?
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Only on small levels. They are even having a hard time with the Occupy Wall Street and that is a very small portion of the public. I'm talking a significant portion of the population telling the government to go fuck themselves.

My dad used to say the same thing. If push came to shove the rich would open fire on us like Assad is on his people, but I doubt the Gov can get away with something like that in America.
 
wiseones2cents said:
Only on small levels. They are even having a hard time with the Occupy Wall Street and that is a very small portion of the public. I'm talking a significant portion of the population telling the government to go fuck themselves.

My dad used to say the same thing. If push came to shove the rich would open fire on us like Assad is on his people, but I doubt the Gov can get away with something like that in America.
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then why are we always hearing from the looney left and big government right that us poor little anti gov rednecks wouldn't be able to do shit against our government because it would be our glocks against nukes?
 
SmarterThanYou said:
then why are we always hearing from the looney left and big government right that us poor little anti gov rednecks wouldn't be able to do shit against our government because it would be our glocks against nukes?
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LOL! As long as the military is civilian? There is no way the Gov would be able to turn the military on the people. You have to watch out with these mercenary groups like blackwater.


Basically you are saying that America is not the land of the free? But the land of those enslaved to taxes and credit?lol The Monarchs are alive and well.lol
 
wiseones2cents said:
LOL! As long as the military is civilian? There is no way the Gov would be able to turn the military on the people. You have to watch out with these mercenary groups like blackwater.


Basically you are saying that America is not the land of the free? But the land of those enslaved to taxes and credit?lol The Monarchs are alive and well.lol
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hmmm, ok. do you believe that citizens NOT in the military (like you and I) have the right to buy and possess machine guns?
 
SmarterThanYou said:
hmmm, ok. do you believe that citizens NOT in the military (like you and I) have the right to buy and possess machine guns?
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I hear in America you can by semi automatic assault rifles at the corner store.lol

Don't kid yourself. If the Americans got fed up and waged war against the government, the government would not have a leg to stand on.
 
wiseones2cents said:
What do YOU think would happen if the majority of people demanded to not pay payroll taxes and default on the national debt??
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wiseones2cents said:
I know America is a near police state, but you think they would be able to pull something like that off?lol. Your dreaming.
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wiseones2cents said:
Only on small levels. They are even having a hard time with the Occupy Wall Street and that is a very small portion of the public. I'm talking a significant portion of the population telling the government to go fuck themselves.

My dad used to say the same thing. If push came to shove the rich would open fire on us like Assad is on his people, but I doubt the Gov can get away with something like that in America.
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Payroll taxes pay for soc. security and Medicare/Medicaid.....not for the debt.....

America near a police state.....you're hallucinating and a moron....

Then your Dad is the reason you're stupid ?.....Theres probably no hope for him, but you might be able to educate yourself yet....
 
bravo said:
Payroll taxes pay for soc. security and Medicare/Medicaid.....not for the debt.....

America near a police state.....you're hallucinating and a moron....

Then your Dad is the reason you're stupid ?.....Theres probably no hope for him, but you might be able to educate yourself yet....
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Yes 20% for S.S. 20% for defense and 20% for medicaid/medicare

They also pay the debt. 6.6% goes to Net interest payments(I'd say more then that if you factor inflation). It should be higher, but the creditors don't seem to mind, gaining trillions of dollars in interest off money they pulled out of their ass.

America has more police, lawyers and people in jail then any other country. Explain that fuckhead?

My dad is the reason I am who I am today and proud of it. If your dad is the reason you are who you are, he should hang himself.lol

The point is if damocles is correct and they are making money out of thin air? They shouldn't be charging interest and therefore the debt(which is mostly interest) should not be honored.
 
wiseones2cents said:
I hear in America you can by semi automatic assault rifles at the corner store.lol

Don't kid yourself. If the Americans got fed up and waged war against the government, the government would not have a leg to stand on.
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I agree. the problem is trying to find that line. poet thinks that the line starts at slavery again, while usfreedom thinks the line starts at having a democrat president.
 
bravo said:
Payroll taxes pay for soc. security and Medicare/Medicaid.....not for the debt.....

America near a police state.....you're hallucinating and a moron....

Then your Dad is the reason you're stupid ?.....Theres probably no hope for him, but you might be able to educate yourself yet....
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Don't bother, it's just a love fest between STY and Wise, it lets STY tell all about how "the people" most of whom he doesnt like for bewing sheeple, are under the thumb, and it lets Wise talk about how he shouldn't pay for his TV
 
Disillusioned said:
Don't bother, it's just a love fest between STY and Wise, it lets STY tell all about how "the people" most of whom he doesnt like for bewing sheeple, are under the thumb, and it lets Wise talk about how he shouldn't pay for his TV
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you're a good little sheep, aren't you? if a cop tells you to go inside off your porch, do you go inside?
 
wiseones2cents said:
If Damocles is correct? And the debt is not backed by real value/wealth? Why are North Americans and everyone else paying interest on money that has no value? The creditor can never take a loss so why would they charge interest?

Therefore payroll taxes are a scam. Therefore the debt should not be honored and we certainly should not be paying payroll taxes or even interest on it.

What are your thoughts?
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money is a convenient fiction that most of use have agreed to believe in
 
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