Tuesday, November 2, 2010

What Would Happen With No U.S. Federal Government Debt?

November 2nd, 2010

What would happen if the U.S. Federal government was able to pay off its debt? What would happen if the U.S. Federal government did pay off its outstanding debts and obligations? What would become of the nation’s financial business sectors – particularly those who trade in U.S. Federal government debt? Could one envision why some business and banking sectors would not desire a U.S. Federal government operating ‘in the black’ or having the ability to pay its debts and obligations as it went forward? Should we be anticipating or needing the mainstream American corporate news and press outlets to explain such a hypothetical situation to us?

Could a high powered banking cartel which routinely lends money to the U.S. Federal government have any reason to not desire a U.S. Federal government operating with no need for loans? And, what if the corporate U.S. Federal government was in receivership to this banking cartel and the government was nevertheless able to pay all of its obligations? Would receivership explain much of the enumeration of power to any banking cartel - regarding the commandeering of the U.S. economy by any such banking cartel? Could such a banking cartel ensure that U.S. Federal government was never able to pay the entire balance of its outstanding obligations - would that then be in the best interest of the cartel?

Adam V. Trotter / AVT

PS. To be sure, this blog post is not intended to question the validity of the United States public debt as such would appear as unconstitutional iaw Amendment XIV, Section 4, of the U.S. Federal Constitution.