Debt Cancellation

I have taken the liberty to respond in the form of an open letter to your group discussion of how we should guarantee economic rights so no future government can ever again use either Austerity measures or personal or governmental bankruptcy to take away basic economic freedoms like food, housing and utilities. I once proved mathematically that Austerity measures cannot work in the sense of getting us out of debt. What they do is transfer wealth from us to the banks. I have a link  to that article in the references below.

You already know the reason why economists and politicians cannot tell you in simple words why we have Depressions, Bubbles, Booms and Busts. They are owned by the Bankers.
Compare the talking heads on TV to this: A Depression cancels debts. There are historically three ways to cancel Unpayable Debts. First. Massive bankruptcies and layoffs when factories and businesses shut down. In the Great Depression of 1929-1939 at least 3 million Americans died from starvation. This is according to the demographer Borisov.

The Empire died on the road to Damascus.

This might be the fourth time I have re-blogged an article from another site. I am posting this because America already has one million homeless school children and all hell is about to hit the fan. I do appreciate the problems of homeowners in the UK with unreasonable squatters in occupied dwellings. This originally appeared with this title: “Dad, I’ve got me a really strange idea. I want you to talk me out of it….” The URL and author’s credits are in the notes below.

We can solve these problems so there is hope for the future.
The first example of a frightening What IF scenario oft cited in the press is what happens if interest rates on the ten year Treasury bond go from 2.7% to 5.4% and then to 10.8% doubling our cost of interest on the federal debt twice from 535 billion dollars a year to 1.07 trillion and then to 2.14 trillion dollars a year? This is easily solved. Just seize the Federal Reserve and issue a non-interest bearing currency like the Lincoln Greenback.

We are already in World War III and in a Global Depression. The US government admits to sending American troops as either combatants or advisers in 74 countries. Comments from Democrats Dianne Feinstein and Stenny Hoyer and Republicans John Boehner and Peter King calling Edward Snowden a traitor reveals the nature of this war.
The war is against you because by declaring Snowden a traitor they are admitting that anyone defending the public is siding with the enemy of the government at a time when war is being waged against us.

The Atlantic slave trade was run by the Jews of Portugal, Great Britain, Spain, France and the Netherlands. At least  12 million Africans were shipped across the sea though most were taken to non-British destinations. An unknown number were killed upon capture in the interior of Africa with many more dying en route to the coast even before the long sea voyage. Millions were also taken in other slave routes into either Arab territories where Jews also acted as slave traders and across the Indian Ocean.

Events are rapidly spinning out of control so I expect another False Flag event between now and the 4th of July. The bond market is worrisome as ten year bond interest rates are going up. I wrote of the 40 charts that mean nothing because everything is rigged. And the key to rigging markets is controlling interest rates. That and the wild swings in the values of currencies could doom the markets. This is a Banker Occupied Government and they know the people will riot and chase them out of town when the dollar crashes.

A few weeks ago Matt Taibbi said in a 14 page article in Rolling Stone said that the Conspiracy Theorists were right and that every market was rigged by the bankers. And that included interest rates. commodities, Credit Default Swaps and the gold and silver markets. This has been confirmed by the courts and the securities markets. BP and Shell are being investigated in Europe for rigging oil prices. If the CEO of a small company were arrested, the stock price would go down. But BP and Shell stock prices remain unchanged.