{"id":13289,"date":"2015-10-12T09:20:33","date_gmt":"2015-10-12T14:20:33","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13289"},"modified":"2015-10-12T09:20:33","modified_gmt":"2015-10-12T14:20:33","slug":"3-minute-video-us-18-trillion-debt-being-dumped-economic-endgame-if-so-demand-monetarycredit-reform-or-kiss-your-assets-goodbye","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13289","title":{"rendered":"3-minute video: US $18 TRILLION debt being dumped; economic endgame? If so, demand monetary\/credit reform or kiss your assets goodbye"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/www.washingtonsblog.com\/2015\/10\/3-minute-video-us-18-trillion-debt-being-dumped-economic-endgame-if-so-demand-monetarycredit-reform-or-kiss-your-assets-goodbye.html\" target=\"_blank\">3-minute video: US $18 TRILLION debt being dumped; economic endgame? If so, demand monetary\/credit reform or kiss your assets goodbye<\/a><\/h3>\n<div class=\"entry-meta\"><\/div>\n<div class=\"entry-content\">\n<p><span class=\"embed-youtube\"><iframe loading=\"lazy\" class=\"youtube-player\" src=\"http:\/\/www.youtube.com\/embed\/bwtuFs4TjRk?version=3&amp;rel=1&amp;fs=1&amp;showsearch=0&amp;showinfo=1&amp;iv_load_policy=1&amp;wmode=transparent\" width=\"640\" height=\"390\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/span><\/p>\n<p><a title=\"Elliott Wave International\" href=\"https:\/\/www.youtube.com\/watch?v=bwtuFs4TjRk\" target=\"_blank\">Elliott Wave International<\/a>\u2019s 3-minute video documents US debt securities being sold by other nations\u2019 governments (and\u00a0<a title=\"here\" href=\"http:\/\/www.theeventchronicle.com\/finanace\/china-russia-norway-brazil-taiwan-dump-us-treasuries\/\" target=\"_blank\">here<\/a>). This is in context of the historically ever-increasing\u00a0<a title=\"US federal government\u2019s $18 trillion debt\" href=\"http:\/\/treasurydirect.gov\/NP\/debt\/current\" target=\"_blank\">US federal government\u2019s $18 trillion debt<\/a>. US \u201cleadership\u201d chose to somehow \u201cfreeze\u201d their debt\u00a0<a title=\"for the last 200 days\" href=\"http:\/\/cnsnews.com\/news\/article\/terence-p-jeffrey\/199-days-treasury-says-debt-has-been-frozen-18112975000000\" target=\"_blank\">for the last 200 days<\/a>, a seeming impossibility, with\u00a0<a title=\"\u201cdebt ceiling\u201d again addressed in Congress\" href=\"http:\/\/www.prisonplanet.com\/congress-declares-martial-law-as-dollar-rapidly-collapsing-living-in-last-days-of-this-republic.html\" target=\"_blank\">\u201cdebt ceiling\u201d again addressed in Congress<\/a>\u00a0as ongoing theatrics.<\/p>\n<p><a title=\"Demonocracy\" href=\"http:\/\/demonocracy.info\/\" target=\"_blank\">Demonocracy<\/a>\u2019s 2-minute video to visualize the unimaginable magnitude of not millions or billions, but trillions of dollars in US federal government debt:<\/p>\n<p><span class=\"embed-youtube\"><iframe loading=\"lazy\" class=\"youtube-player\" src=\"http:\/\/www.youtube.com\/embed\/iTBODoBaCns?version=3&amp;rel=1&amp;fs=1&amp;showsearch=0&amp;showinfo=1&amp;iv_load_policy=1&amp;wmode=transparent\" width=\"640\" height=\"390\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/span><\/p>\n<p>The so-called \u201cdeveloped\u201d and \u201cleading\u201d nations have\u00a0<a title=\"total central government debt pushing $50 trillion\" href=\"http:\/\/demonocracy.info\/infographics\/usa\/world_debt\/world_debt.html\" target=\"_blank\">total central government debt pushing $50 trillion<\/a>($50,000,000,000,000). This accelerating debt is directly connected to these \u201cformer\u201d colonial nations creating what is used for money as debt through bank oligarchies. These mechanics are like adding negative numbers forever; causing ever-increasing and unpayable aggregate debt.<\/p>\n<p>The\u00a0<a title=\"Emperor\u2019s New Clothes\" href=\"http:\/\/www.washingtonsblog.com\/2015\/05\/seizing-an-alternative-recognizing-the-emperors-new-clothes-as-the-story-of-today-1-of-7.html\"><i>Emperor\u2019s New Clothes<\/i><\/a>\u00a0obvious pathway out of these mechanics is to start creating debt-free money (a positive number) for the direct payment of public goods and services. Infrastructure investment that returns more economic output than cost of investment produces triple benefits:<\/p>\n<ol>\n<li>upgraded infrastructure,<\/li>\n<li>employment, and<\/li>\n<li>falling prices because total output is greater than cost.<\/li>\n<\/ol>\n<p>These mechanics have been tested and documented since Benjamin Franklin\u2019s days in colonial Pennsylvania, and affirmed by leading American minds like Thomas Edison, and supported by 86% of US economics professors when directly asked.<\/p>\n<p>I have two academic papers to walk any reader through these facts; an assignment for high school economics students, and a paper for the Claremont Colleges\u2019 recent academic conference:<\/p>\n<p><a title=\"Teaching critical thinking to high school students: Economics research\/presentation\" href=\"http:\/\/www.washingtonsblog.com\/2015\/03\/teaching-critical-thinking-high-school-students-economics-researchpresentation-6-2-6.html\"><i>Teaching critical thinking to high school students: Economics research\/presentation<\/i><\/a><\/p>\n<p><a title=\"Seizing an alternative: Bankster looting: fundamental fraud that \u201cdebt\u201d is \u201cmoney\u201d\" href=\"http:\/\/www.washingtonsblog.com\/2015\/05\/bankster-looting-fundamental-fraud-that-debt-is-money-5-of-7.html\"><i>Seizing an alternative: Bankster looting: fundamental fraud that \u201cdebt\u201d is \u201cmoney\u201d<\/i><\/a><\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>3-minute video: US $18 TRILLION debt being dumped; economic endgame? If so, demand monetary\/credit reform or kiss your assets goodbye Elliott Wave International\u2019s 3-minute video documents US debt securities being sold by other nations\u2019 governments (and\u00a0here). This is in context of the historically ever-increasing\u00a0US federal government\u2019s $18 trillion debt. US \u201cleadership\u201d chose to somehow \u201cfreeze\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[9796,195,9795,4162,5510],"class_list":["post-13289","post","type-post","status-publish","format-standard","hentry","category-economics","tag-credit-reform","tag-debt","tag-economic-endgame","tag-monetary-reform","tag-washingtons-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13289"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13289\/revisions"}],"predecessor-version":[{"id":13290,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13289\/revisions\/13290"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}