The current crisis in America is not about the debt ceiling, nor bonds being devalued. This is a cover, a "CIRCUS" - A CHARADE. It is, and always has been, the fact that the U.S. (and most of the rest of the world including the IMF) BORROWS fake worthless money the Federal Reserve creates out of thin air from ITSELF at INTEREST!!!! This is the biggest crime in the history of life on this planet and one we have never examined because we are oblivious to it...

Why would a government borrow money at INTEREST from itself?

Because the U.S. Government is OWNED by the Federal Reserve; a private corporation owned by European Banksters. It is they who profit extraordinarily from this deception and it is unconstitutional!

Has it ever occurred to you how a THIRD WORLD country, China, has the means to continually BUY the U.S. debt? It is for one reason: their monetary system is not debt - based.

The Chinese simply don't borrow money from themselves at interest. They issue their money on a per capita basis and invest in both their country and their people, as does the British isle of Guernsey. Colonial U.S. successfully issued its own non debt-based currency, Colonial Scrib, until the Brits found out that we were foiling their plans to rape and pillage us through the fraudulent use of interest. We, the People, the Americans, are helping to pay for the Chinese superstructures, highways, bridges, etc. from the interest they earn on our fake debt! And they will continue to profit from this SCAM until we do something about it!

“Let me issue and control a nation’s money and I care not who writes its laws” — mAYER ROTHSCHILD (1744 – 1812)

“The surest way to overthrow an existing social order is to debauch the currency.” — VLADIMIR LENIN (1870-1924)

“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

—John Maynard Keynes

Whomever controls the currency of a nation CONTROLS the government, thereby, the people. It is they who have the ultimate power, not Obama.

As the National debt rises, more and more money is required to pay the compounding interest to service that debt. Even if additional money was borrowed which added to the debt, it would continually rise as a result of compounding interest until it reached a tipping point where it would then spike vertically as it hit the apex of a bell curve. At that point, the system would collapse for the interest payments would now EXCEED the amount of revenue generated.

THAT is what is TRULY going on in Washington and this "debate," this charade, along with its Oscar-winning performances, simply provides plausible denialbility for the true culprits who intentionally brought the system down through derivatives and credit default swap payments generated as a result of the foreclosure crisis etc.

The Economic Elite orchestrated this debacle because they KNEW the U.S. currecy was a House of Cards which would inevitably collapse. They cunningly engineered this collapse over 30 years and as a result, duped an unsuspecting "We, the People."

In 1984 President Reagan created the Grace Commission to study spending cuts and the following is the result of their exhaustive report:
“If fundamental changes are not made in Federal spending, as compared with the fiscal 1983 deficit of $195 billion, a deficit of over ten times that amount, $2 trillion, is projected for the year 2000, only 17 years from now. In that year, the Federal debt would be $13.0 trillion ($160,000 per current taxpayer) and the interest alone on the debt would be $1.5 trillion per year ($18,500 per year per current taxpayer).

Mr. President, these projections are the result of very careful study and drove us to seek out every possible savings opportunity, "like tireless bloodhounds," as you requested.” In the course of the search by our 36 Task Forces, chaired by 161 top executives from around the country and staffed by over 2,000 volunteers that they provided, we came up with 2,478 separate, distinct, and specific recommendations which are the basis for the carefully projected savings. For practical purposes, these savings, if fully implemented, could virtually eliminate the reported deficit by the 1990's versus an alternative deficit of $10.2 trillion in the decade of the 1990's if no action is taken.

Equally important, the 2,478 cost-cutting, revenue-enhancing recommendations we have made can be achieved without raising taxes, without weakening America's needed defense build-up, and without in any way harming necessary social welfare programs.

Because we are starting from a deficit of $195 billion, every dollar we can stop spending is a dollar that the Government does not have to borrow. With future Government borrowing costs at 11 percent (versus 10.75 percent now and 14.5 percent when you took office) and inflation taken at 6 percent per year over the longer run, these savings compound quickly. $100 billion in reduced Government spending in year one equates cumulatively to $7.1 trillion in the year 2000. And since borrowings are decreased by this amount, so will the national debt decrease.

This is, of course, a horrendous prospect. If the American people understood the gravity of the outlook, they would not, I believe, support representatives who might let it happen.

Mr. President, you have been so correct in resisting attempts to balance the budget by increasing taxes. The tax load on the average American family is already at counterproductive levels with the underground economy having now grown to an estimated $500 billion per year, costing about $100 billion in lost Federal tax revenues per year.

The size of the underground economy is understandable when one considers that median family income taxes have increased from $9 in 1948 to $2,218 in 1983, or by 246 times. This is runaway taxation at its worst.

Importantly, any meaningful increases in taxes from personal income would have to come from lower and middle income families, as 90 percent of all personal taxable income is generated below the taxable income level of $35,000.

Further, there isn't much more that can be extracted from high income brackets. If the Government took 100 percent of all taxable income beyond the $75,000 tax bracket not already taxed, it would get only $17 billion, and this confiscation, which would destroy productive enterprise, would only be sufficient to run the Government for seven days.

Resistance to additional income taxes would be even more widespread if people were aware that:

  • One-third of all their taxes is consumed by waste and inefficiency in the Federal Government as we identified in our survey.
  • Another one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding taxpayers, promoting still more underground economy-a vicious cycle that must be broken.
  • With two-thirds of everyone's personal income taxes wasted or not collected, “100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.”

As you can clearly see, the government was well aware of what was going on and did nothing.

Under a NON-debt based system, you simply print the money you need when a good cause arises - high-speed trains, rebuilding infrastructure etc. - Normal expenses of a society. Ellen Brown has detailed how all of this works in her book "Web of Debt."

The Unions, Social Security, Medicare expenses supposedly careening out of control are but DIVERSIONS/DISTRACTIONS from the real culprits for the ever-compounding interest payments on our fake "National Debt" is what it really draining society and the time has come to reform this system.

We can only change consciousness by raising consciousness so please forward this to everyone you know. For the TRUTH will indeed set us free!


Add comment

Login or register to post comments

Come Cruise with Thom Hartmann in July 2020

Join me for an exciting Bermuda getaway aboard Oceania Cruises, the world’s leading culinary and destination-focused cruise line. Set sail on the reimagined Insignia for 7 nights beginning July 25th 2020. Take advantage of Oceania Cruises’ OLife Choice promotion, where you can choose shore excursions, a beverage package, or onboard credit – Oceania Cruises also includes Wifi! You'll also receive complimentary gratuities, a $50 onboard credit and two exclusive cocktail parties. Did I mention we are planning special onboard events with yours truly? Prices start at $1199.

Reserve your stateroom today by contacting Keene Luxury Travel, and mention the Thom Hartmann Group 800.856.1155

or go to

The Kavanaugh Scandal Goes Beyond Sex & Must Be Investigated

Thom plus logo While all the attention on the possibility of impeaching justice beer bong Kavanaugh is focused on his alleged sexual behavior, the real scandal is that the Republicans refused to release years of paperwork on his participation, when he was inside the Bush administration, with regard to torture and other war crimes.