What Can’t Be Paid, Won’t Be Paid

16 Oct

National Debt Creditors About to Lose their Assets [courtesy Google Image]

National Debt Creditors About to Lose their Assets
[courtesy Google Image]

I’ve argued for five years that the U.S. National Debt is too great to ever be repaid in full, or even by half.  My personal guesstimate is that at least 80%–and probably 90%–of the National Debt will inevitably be repudiated.  That repudiation will take the form of hyperinflation, express repudiation (“Sorry, boys–but we’re too broke to pay that debt.”), or perhaps even WWIII (a good war could wipe out virtually all memory and enforce-ability of the National Debt.).

Here’s a graphic that illustrates my argument.  If you take a few minutes to view the graphic, you’ll see the size of the U.S. National Debt is:


1. Larger than the 500 largest public companies in America;

2. Larger than all assets managed by the world’s top seven money managers;

3.  25X larger than all global oil exports in 2015;

4. 155x larger than all gold mined globally in a year; and, my personal favorite:

5. Larger than all of the world’s physical currency, gold, silver, and bitcoin combined.
In other words, there’s not enough actual money and currency in the world to repay the U.S. National Debt.

Obviously, the National Debt can’t ever be repaid in full–and therefore won’t ever be paid in full.

And we’re only talking about the “official” National Debt which is claimed to be about $20 trillion.

John Williams as has estimated the true size of the National Debt is about $100 trillion.  That’s five times greater than today’s “official” National Debt.

The Congressional Budget Office and, later, economist Laurence Kotlikoff have estimated the total National Debt (including unfunded liabilities) is over $200 trillion.  That’s ten times greater than today’s “official” National Debt.

Sooner or later, the National Debt must be repudiated by 80 to 90%.  When that debt is cancelled, the correlative paper wealth stored in the form of U.S. bonds will also be destroyed.  That destruction will collapse the U.S. and (probably) global economies.

The Federal Reserve insists that public confidence is the foundation for the perceived value in the fiat, debt-based currency.  When it’s finally admitted that most of the National Debt can’t be paid, the public will lose all confidence in anything that’s debt-based–including our debt-based currency.

Once the National Debt is recognized as unpayable, the public will flee from all fiat currencies and run for tangible assets like gold and silver.  The prices and purchasing power of gold and silver should skyrocket.

What can’t be paid, won’t be paid.  That fact will have enormous consequences.

Here’s the graphic:

Courtesy of: The Money Project



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8 responses to “What Can’t Be Paid, Won’t Be Paid

  1. dgbaugh

    October 16, 2016 at 10:06 PM

    Seems to me that since the alleged debt was and is being perpetrated against the people by fraud, it is void ab initio.

    Fact is, there are but two sources of wealth in the world; our natural resources that our Creator/Savior has provided us and our labor to refine them to suit our needs and desires.

    The means of exchange is not wealth, thus it is the antichrist international banking cartel and their puppet political prostitutes who produce nothing and have devised and operate the fraud who have nothing while the people who are the producers of society are in control of our economic stability

    • mar

      October 16, 2016 at 10:53 PM

      I agree dgbaugh

    • wholy1

      October 17, 2016 at 7:43 AM

      Good understanding, but it’s the “IN-this-world judicial rendering/enforcement resolution process” that each individual’s this-world “Vessel” must endure: loss of personal “bounty”, injury/suffering, incarceration or death by the HildaBeast Flock and “its” ilk.

  2. palani

    October 17, 2016 at 7:30 AM

    Bear in mind that while the National debt might be described in terms of nothing definable (What is a dollar anyway? A Zimbabwe equivalent?) the Federal debt is set by congress at $346,681,016 where one dollar is either one oz of silver or 1/20th of an oz of gold. The Federal debt stopped changing in 1878 and even if you attempted to send in your share all that act would do is authorize Treasury to print a note equivalent to your payment so as to keep the debt at $346,681,016.

    • wholy1

      October 17, 2016 at 7:48 AM

      Ah, yes. Always eager to see Palani’s contribution of very special insight and erudition!

  3. Richard Donaldson

    October 17, 2016 at 1:33 PM

    Do you have an email address?

    Sent from my iPhone


  4. Adask

    October 17, 2016 at 2:10 PM

    Who are you asking?

  5. Frank Moorman

    October 21, 2016 at 8:02 PM

    no signal


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