{"id":13689,"date":"2015-10-22T06:31:57","date_gmt":"2015-10-22T11:31:57","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13689"},"modified":"2020-07-25T09:40:06","modified_gmt":"2020-07-25T14:40:06","slug":"developed-nations-now-50-trillion-in-debt-literally-figuratively-bankrupt-for-infrastructure-public-services","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13689","title":{"rendered":"\u2018Developed\u2019 nations now $50 TRILLION in debt; literally, figuratively bankrupt for infrastructure, public services"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/www.washingtonsblog.com\/2015\/10\/developed-nations-now-50-trillion-in-debt-literally-figuratively-bankrupt-for-infrastructure-public-services.html\" target=\"_blank\" rel=\"noopener noreferrer\">\u2018Developed\u2019 nations now $50 TRILLION in debt; literally, figuratively bankrupt for infrastructure, public services<\/a><\/h3>\n<div class=\"entry-meta\">4-minute video: Ready to rise from your economic slavery?<\/div>\n<div class=\"entry-content\">\n<p><span class=\"embed-youtube\"><iframe loading=\"lazy\" class=\"youtube-player\" src=\"http:\/\/www.youtube.com\/embed\/IOiUrF74F14?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>I continue to factually assert that\u00a0<a title=\"Benjamin Franklin already \u201cdiscovered\u201d government can operate without taxes\" href=\"http:\/\/www.washingtonsblog.com\/2012\/03\/benjamin-franklin-william-jennings-bryan-on-monetary-reform.html\">Benjamin Franklin already \u201cdiscovered\u201d government can operate without taxes<\/a>, these superior mechanics were considered so important by\u00a0<a title=\"Thomas Edison and Henry Ford\" href=\"http:\/\/www.washingtonsblog.com\/2012\/03\/thomas-edison-thomas-jefferson-on-monetary-reform.html\">Thomas Edison and Henry Ford<\/a>\u00a0that they dedicated their 1921 summer vacation as a media tour to communicate directly to the public, and Yale economist Irving Fisher found\u00a0<a title=\"86% of economics professors across the US\" href=\"http:\/\/www.washingtonsblog.com\/2012\/03\/charles-lindbergh-sr-86-of-great-depression-economists-on-monetary-reform.html\">86% of economics professors across the US<\/a>\u00a0in agreement that creating debt-free money for direct payment for public goods and services is superior to our system of creating what we use for money as debt owed to private banks.<\/p>\n<p>I also factually assert that the US $18 trillion debt, and 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\" rel=\"noopener noreferrer\">total central government debt pushing $50 trillion<\/a>\u00a0($50,000,000,000,000; the linked graphic\u00a0<a title=\"updated with 2015 data\" href=\"http:\/\/'https:\/\/commodity.com\/debt-clock\/'\" target=\"_blank\" rel=\"noopener noreferrer\" data-wplink-url-error=\"true\">updated with 2015 data<\/a>). 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>Two minute video for you to visualize the US national 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>This system we have is literally and figuratively bankrupt.<\/p>\n<p>It\u2019s also literally irresponsible (unable to respond) in face of\u00a0<a title=\"deaths from preventable poverty since 1995 being greater than all wars and violence in recorded human history.\" href=\"http:\/\/www.washingtonsblog.com\/2015\/08\/crimes-against-humanity-01-poverty-murder-over-400-million-people-since-1995-more-than-all-wars-in-recorded-history.html\"><b><i>deaths from preventable poverty since 1995 being greater than all wars and violence in recorded human history.<\/i><\/b><\/a><\/p>\n<p>Better read the above sentence twice.<\/p>\n<p>Now, please experience the feeling of what kind of leadership would allow ongoing and staggering numbers of children to suffer slow and gruesomely painful deaths when\u00a0<a title=\"solutions are known, easy to apply, and all for less than 1% of the so-called \u201cdeveloped\u201d nations\u2019 income.\" href=\"http:\/\/www.washingtonsblog.com\/2015\/02\/teaching-critical-thinking-high-school-students-case-study-failure-end-poverty-4-6.html\">solutions are known, easy to apply, and all for less than 1% of the so-called \u201cdeveloped\u201d nations\u2019 income.<\/a><\/p>\n<p>Maybe that kind of \u201cleadership\u201d is expressed by three former US Treasury Secretaries interviewed by Sheryl Sandberg, a former Chief of Staff for a fourth former US Treasury Secretary in this one-minute exchange with\u00a0<a title=\"grandiose\" href=\"https:\/\/en.wikipedia.org\/wiki\/Grandiosity\" target=\"_blank\" rel=\"noopener noreferrer\">grandiose<\/a>\u00a0laughter about their euphemism for poverty, \u201cincome inequality\u201d:<\/p>\n<p><span class=\"embed-youtube\"><iframe loading=\"lazy\" class=\"youtube-player\" src=\"http:\/\/www.youtube.com\/embed\/u79hDi6XBwQ?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>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Developed\u2019 nations now $50 TRILLION in debt; literally, figuratively bankrupt for infrastructure, public services 4-minute video: Ready to rise from your economic slavery? I continue to factually assert that\u00a0Benjamin Franklin already \u201cdiscovered\u201d government can operate without taxes, these superior mechanics were considered so important by\u00a0Thomas Edison and Henry Ford\u00a0that they dedicated their 1921 summer vacation [&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":[2,6],"tags":[195,6546,10113,379,427,642,1923,783,862,5510],"class_list":["post-13689","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-debt","tag-debt-slavery","tag-economic-slavery","tag-government","tag-infrastructure","tag-poverty","tag-public-services","tag-taxes","tag-war","tag-washingtons-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13689","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=13689"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13689\/revisions"}],"predecessor-version":[{"id":54370,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13689\/revisions\/54370"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}