{"id":17213,"date":"2016-02-01T12:15:55","date_gmt":"2016-02-01T17:15:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17213"},"modified":"2016-02-01T12:16:07","modified_gmt":"2016-02-01T17:16:07","slug":"us-national-debt-accelerating-at-over-a-trillionyear-in-our-asset-hole-debt-supply-system-demanding-monetary-reform-public-banking-yet","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17213","title":{"rendered":"US national debt accelerating at over a trillion\/year in our asset-hole \u2018debt supply\u2019 system; demanding monetary reform &#038; public banking yet?"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/www.washingtonsblog.com\/2016\/01\/us-national-debt-accelerating-trillionyear-asset-hole-debt-supply-system-demanding-monetary-reform-public-banking-yet.html\" target=\"_blank\">US national debt accelerating at over a trillion\/year in our asset-hole \u2018debt supply\u2019 system; demanding monetary reform &amp; public banking yet?<\/a><\/h3>\n<div class=\"entry-content\">\n<p>The US federal government debt is\u00a0<a href=\"http:\/\/www.treasurydirect.gov\/NP\/debt\/current\">now $19 trillion<\/a>, having\u00a0<a href=\"http:\/\/www.prisonplanet.com\/8314529850339-07-debt-up-70612-91-per-household-in-obamas-first-7-years.html\">risen over a trillion each year<\/a>\u00a0of the Obama administration.<\/p>\n<p><a class=\"colorbox colorbox-insert-image init-colorbox-processed cboxElement\" href=\"http:\/\/cdn.cnsnews.com\/debt-obama_years-chart.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"image-content-100p img-responsive\" src=\"http:\/\/www.cnsnews.com\/s3\/files\/styles\/content_100p\/s3\/debt-obama_years-chart.jpg?itok=ZcKHJ0n7\" alt=\"\" width=\"789\" height=\"596\" \/><\/a><\/p>\n<p>This article will examine US economic status, and obvious solutions promoted by many of America\u2019s brightest minds since\u00a0<a href=\"http:\/\/www.washingtonsblog.com\/2012\/03\/benjamin-franklin-william-jennings-bryan-on-monetary-reform.html\">Benjamin Franklin wrote a pamphlet how colonial Pennsylvania operated its government without taxes<\/a>, and which we could easily do today.<\/p>\n<p>Let\u2019s examine just some of the facts of the current US economy that demonstrates it\u2019s criminal status:<\/p>\n<ul>\n<li>We\u2019ve already documented how the global so-called \u201celite\u201d\u00a0<a href=\"http:\/\/www.washingtonsblog.com\/2015\/10\/1-now-wealthier-than-99-combined-40-of-us-children-in-poverty-30000-children-poverty-murdered-daily-arrests-of-01-are-when-now.html\">1% are now wealthier than the 99%<\/a>\u00a0while ~30,000 children die daily from preventable poverty in gruesomely-slow agony. Just\u00a0<a href=\"http:\/\/www.independent.co.uk\/news\/world\/politics\/just-62-people-now-own-the-same-wealth-as-half-the-worlds-population-research-finds-a6818081.html\">62 people on Earth own more than the bottom 50%<\/a>.<\/li>\n<li>The\u00a0<a href=\"http:\/\/www.economist.com\/blogs\/graphicdetail\/2014\/11\/daily-chart-2\">US .1% own more than the bottom 90%<\/a>.<\/li>\n<li>The\u00a0<a href=\"http:\/\/www.ips-dc.org\/billionaire-bonanza\/\">top 20 Americans (.000006%) own more than the bottom 50%<\/a>.<\/li>\n<li>The\u00a0<a href=\"http:\/\/www.washingtonsblog.com\/2015\/10\/instant-millionaire-status-per-us-household-top-3-benefits-of-monetary-reform-public-banking.html\">top three public benefits of monetary and banking reform would add ~$1,000,000 to every US household<\/a>. The lies of omission and commission by US \u201cleaders\u201d with legal fiduciary responsibility to communicate full and transparent economic data to never advise Americans of these options is a massive crime causing damages in the trillions of dollars yearly.<\/li>\n<li>Our current system of creating what we use for money as debt has the so-called\u00a0<a href=\"http:\/\/www.washingtonsblog.com\/2015\/10\/developed-nations-now-50-trillion-in-debt-literally-figuratively-bankrupt-for-infrastructure-public-services.html\">\u201cdeveloped\u201d and \u201cformer\u201d colonial nations $50 trillion in debt<\/a>, and lying for public austerity rather than admit the option of monetary and banking reforms.<\/li>\n<\/ul>\n<p>For Americans still zombiefied to \u201cbelieve\u201d in America, please embrace the reality that\u00a0<a href=\"http:\/\/www.washingtonsblog.com\/2015\/09\/39-of-us-children-spend-at-least-one-year-in-poverty-75-of-us-black-children-demanding-arrests-and-obvious-economic-reforms-yet.html\">40% of US children live at least one year of their lives in under-measured poverty<\/a>, while\u00a0<a href=\"http:\/\/www.washingtonsblog.com\/2015\/09\/39-of-us-children-spend-at-least-one-year-in-poverty-75-of-us-black-children-demanding-arrests-and-obvious-economic-reforms-yet.html\">oligarchs most responsible literally laugh<\/a>\u00a0in\u00a0<a href=\"https:\/\/en.wikipedia.org\/wiki\/Grandiosity\">grandiose<\/a>\u00a0glee of the poverty they\u00a0<a href=\"http:\/\/dictionary.reference.com\/browse\/euphemism\">euphemise<\/a>\u00a0as \u201cincome inequality.\u201d Please absorb this\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=u79hDi6XBwQ\">1-minute reality check<\/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>US national debt accelerating at over a trillion\/year in our asset-hole \u2018debt supply\u2019 system; demanding monetary reform &amp; public banking yet? The US federal government debt is\u00a0now $19 trillion, having\u00a0risen over a trillion each year\u00a0of the Obama administration. This article will examine US economic status, and obvious solutions promoted by many of America\u2019s brightest minds [&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":[11627,12112,195,12113,4162,584,12111,7692,12110,5510],"class_list":["post-17213","post","type-post","status-publish","format-standard","hentry","category-economics","tag-carl-herman","tag-cnsnews","tag-debt","tag-debt-based-economic-system","tag-monetary-reform","tag-obama","tag-prison-planet","tag-public-banking","tag-us-national-debt","tag-washingtons-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17213","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=17213"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17213\/revisions"}],"predecessor-version":[{"id":17215,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17213\/revisions\/17215"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}