There is no way by which US can physically pay back its $37 trillion debt. Not by taxation or reducing its fiscal deficit. US spending is at $3 trillion a year, and its debt service amounts to $1.2 trillion a year or nearly 15% of total GDP.
How will US erase its debt (some say that this has began when Donald Trump signed its strategic reserve executive order) purportedly to preserve Bitcoin and gold value. under a national emergency declaration It will soon be a law
Here how it goes:
1. Gathering bitcoin valued at $132 billion bought by US govt and/or seized in drug operations illegal
gambling.
2. The reset:
The bitcoin will be revalued now at $100,000 up to 10x $1,000,000 or $1.3 trillion
And gold at $20,000 for a $5.2 trillion reset (gold hovers at $3-4,000 per ounce
The US will set this to be in motion in 2026 and will be completed in 2027. It is mathematically
impossible to pay this 37 trillion debt: reducing deficit and increasing taxes. The solution is
a reset done before in 1933 during the time of fmr Pres FDR
3. The consequence:
The US dollar will devalue by up to 70%, (your savings and retirement will be worthless prices of
house will double. Life will be hard. The govt in order to preserve its treasury will steal the value
of gold and currency. It is a legalized govt sponsored theft of US citizen wealth
4. Who will be affected:
Who are the losers?
Wage earners - the wages will be devalued.
Pension funds, pensions
Who will gain, benefit from this:
The US govt
The govt showing its teeth, avarice and confiscatory power
5. What you can do:
1. Lessen cash bank holdings - maintain balance good for 90 days
2. Like the survivalists: concentrate on having food and water and power
4. Have physical good assets. Not the certificate. A certificate shares with 100 others claim
seal or confiscate the same
It took a while sometime for me to understand this and summarize this
