Can debts be honked out of existence?
Can debts be honked out of existence?
Camden Price
Evan Richardson
yes
Ryder Ward
yes. debts possess the special quality that they can quite literally be wished away if everyone believes
Asher Moore
there's one way to find out
Dylan Carter
Yes, but can you lovely folks help us out with that? You seem to be good at honking.
Ethan Butler
how are you supposed to get your clothes out of THAT?
Daniel Nguyen
pay your denbts
Evan Turner
my mum has one of those
Charles Bennett
>$30T
It's only paper.
Ryan Bailey
Debt doesn't mean shit. With fractional reserve banking debt is how you issue new money.
Hunter Gomez
You know like 70% of our National Debt is owed to our own (((Federal Reserve))) right? You guys know this don't you? How can a nation owe money to itself you ask? Well I'm not going to go that far into this conversation. To put it simply: Jews. We owe 70% of our National Debt to Jewish Bankers.
Christian Carter
Probably
Adam Morales
>national debt
You mean the niggers in congress who passed bills to line their pockets and pass the buck off to americans?
Fuck no. These niggers in congress get all the money and fuck us while giving it to Israel under "financial aid".
Ryder Sullivan
Why not? Who would come and force the USA to pay up?
Zachary Murphy
Literally this. Shills make it seem like we owe more money to foreign countries than we actually do. When in reality, almost every problem here has the same source: Jews.
Jacob Reed
Aye.
Nathaniel Sanders
Yes theoretically. Who's gonna force us to pay it? Nobody! That's who! We rule the fucking world, end of discussion.
Zachary Edwards
buy bitcoin, they cannot print and inflate bitcoin
Oliver Cooper
How many countries are without a global network central bank? Three? Two? North Korea and who else? Anyone have a rogue nations list?
Understand how banking works. EVERY legit bank in a country has their transaction pool run through that country's central bank as part of banking operations. In the US, all chartered banks and many lending companies have their transactions settled with the Federal Reserve, daily. These central banks also direct the treasury of their country. Third, banks/lenders offering variable rate loans typically rely on LIBOR, which originates in London.
tl;dr - Yes, it could be done by the central banking organization. If they wanted to. What examples does history provide?
Benjamin Gutierrez
Governments always had and have the luxury of saying "haha yeah I actually won't be paying that" and go to war over it. They don't tell you that though because otherwise you wouldn't trust them and do business with them.
Nathan Reyes
yes, sacklers are about to pay out 40trillion for opiod culpability look it up faggot
Jace Taylor
The Nazis attempted it once with the total war doctrine. They had over 40 billion RM in national debt. Didn't work out.
Eli Bailey
Fiat currency is backed by nothing.
Why do you think a gigantic pile of fiat currency would be backed by anything?