How Governments Handle Debt

Benjamins $100 bills - MiritThis non-economist is going to attempt to dumb down how governments handle long-term debt (we can even say 75 year cycles) in four different ways:

1. Austerity - This is a stern economy method. Being super frugal, not spending, etc. πŸ’°πŸ’°πŸ’°

2. Reconsolidating the debt - they can and do that with China and anyone big enough to buy the debt. You're now at their mercy.

3. They can default - you may think this can't happen but look at Germany (no offense Germany. I am just using this as a common example. Nothing personal). We defend them and have U.S. troops there. They not only don't pay us what they owe us, but they also owe a lot of backpay. πŸ’²πŸ’²πŸ’² Trump is smart enough to demand the money that is owed to us and to pull out a lot of our troops. Our job is not to defend other counties for free. We already do it for next to nothing and our own country is falling to pieces.

Federal Reserve NY logo4. Print more money - you've played Monopoly, right? It's just paper in this theory. If you don't know how to manage or fix it, you can just make more of it and that should make things all good. This is what happens when IQ goes down because society has been dumbed down and weed is legalized ... people actually think that the FEDERAL RESERVE is a form of bank that is owned and run by our government. The Fed is a private banker owned by Globalists. Globalists own the government. China owned our government. Trump is draining the swamp of alligators and crocodiles alike. Nobody owns him and his life mission is to save America.πŸ‡ΊπŸ‡²πŸ‡ΊπŸ‡²πŸ‡ΊπŸ‡²

Anyway, I'm not an expert but I'm really good at absorbing data and simplifying it so it can be understood by all.

I hope this has helped anyone who didn't fully understand or grasp these concepts.

I don't write for "experts," I write for the people as I am one and I am for We the People.

ML,
Mirit

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