National Debt

CONTROLLED MEANINGS: 1. Debt the government owes after spending all taxes it collected. 2. Debt owed by the public to themselves. 3. The collective debts of all people and businesses in the nation.

ACTUAL MEANING: Debt incurred by government by loans mostly from the Federal Reserve, from other international banks, and from the issuance of government bonds. The term "national debt" is a misnomer. It should be called "government debt."

Governments incur debt by borrowing from banks to fund their wars and projects. The government then cunningly tacks the label "national" to those loans in order to trick the people into accepting the debts as their own ... collectively. This criminal artifice was enabled by the "beloved" Constitution which states: The Congress shall have Power To borrow Money on the credit of the United States [Article I, Section 81]. The door of credit swung open wide, making the government the banking industry's best customer. Through government debt — foisted upon the public — the banks now hold mortgage over this land and its people.

A government is NOT the nation, nor is a nation a government. They are two separate entities and should never be confused. Governments should pay their own bills! The nation should stop picking up the tab! That which is called 'national debt" is actually "government debt" and the government (not the nation) should be responsible for it.

Since government was given a blank check signed by the public the debt has come to be measured in trillion$ of dollars. That amount, however, is irrelevant to us (the people) because it is NOT our debt. It is also irrelevant to the government because there is no way for banks to collect from governments. But, alas, the banks need the governments because they are partners in crime. Therefore, banks don't accost governments for payment. Rather, they accost the public. Banks and governments have perfected their crime. They found a way to steal untold trillion$ from the public, call it "national debt," and let the public accept it as their own. It is ingenious!