Is the national debt of the United States significantly a practical joke?

[Independent thinker]

That may well be one possible method but here in Canada if a five hundred dollar per month Unconditional but Taxable Basic Minimum Income Supplement was paid out to all forty one million Canadians and was financed the way that the Bank of Canada was used from 1938 to 1974 then the Canadian federal deficit should begin to be PAID DOWN by twenty billion dollars per month after about three months or so for that money to turn over within the economy three times and thus be taxed back into the treasury.

If a five hundred dollars USA Unconditional but Taxable Basic Minimum Income Supplement was paid out to all three hundred and thirty million USA citizens then once that money turns over about four to five times in the USA economy then the USA federal deficit should begin to be PAID DOWN by one hundred and sixty five billion dollars per month, [you Americans pay less income tax than we Canadians do].

The key is to create this UBI Supplement in the same way that President Lincoln did to finance the Civil War.



Canada had an excellent Bank of Canada Policy that is thought to have been based on the President Lincoln Greenback Monetary Policy Experiment but P. M. Pierre E. Trudeau was somehow convinced to abandon that excellent policy in 1974.

Wow. You live in a parrallel universe with different math than we have here.

 

[22lcidw]

Personally I am of the belief that a boom in real estate prices, [especially of land and homes in rural USA or semi-rural USA], would be the best way to take the problem of re-defining the national debt of the USA into a realm where it would be easier to understand and deal with.

The ownership of gold and precious metals is the domain of the top one to five percent of the population but all of us aspire to own a home as well as the land that that home is built on.

Zone1 Thread 'Reverse Engineering of a Real Estate Boom and Paying off the USA national debt?'

Mar 16, 2026

For about fifty of my sixty six years I have been rather obsessively studying Theology, Spirituality and especially near death experience accounts.

I believe that the gifted Pastor David Wilkerson in 1973 was given a prediction for the future of the USA that theoretically can be Reverse Engineered?

[Pastor David Wilkerson] :

"There will be a sudden rush to buy farms, ranches, and homes in the country.

Thousands will attempt to flee from cities, hoping that a return to the land and
nature will provide security. There will be a growing urge to "get away from it
all"---and much money...

• DennisPTate
• Replies: 3
• Forum: Clean Debate Zone

There is no way homes are worth what we see. From the early 1970's and the official reality of seeing deficits in the federal budget to now, deficits have risen and home prices the same. Printing up the currency.

 

[DennisPTate]

Wow. You live in a parrallel universe with different math than we have here.

The Neo-Malthusians are not a stupid bunch of people and they are not entirely incorrect in their assertions that the Productivity of USA and Canadian workers could threaten the environment.

The Neo-Malthusians do tend to dominate BigBanking and they fear that USA economic freedom for workers may destroy their plans to save the Environment from us blue collar workers.

Their mathematics is actually based somewhat on hints that were even given in the Jewish Bible.

"And the LORD came down to see the city and the tower, which the children of men builded.
And the LORD said, Behold, the people is one, and they have all one language; and this they begin to do: and now nothing will be restrained from them, which they have imagined to do." (Genesis 11)

Is human economic productive capability essentially without a cap, top or limit?

Yes.

What does human productivity depend on?

Money!

Ecclesiastes 10:19
"A feast is made for laughter, and wine maketh merry: but money answereth all things. "

There is a big difference between interest rates of 6%, 10%, or 20%, when one speaks of compound interest. The following are the sums that $1.00 will amount to in 100 years, loaned at the rates of interest mentioned and compounded annually:

at 1%............................$2.75
at 2%..........................$19.25
at 3%........................$340.00
at 10%..................$13,809.00
at 12%............ $1,174,406.00
at 18%............$15,145,207.00
at 24%..........$251,799,494.00

And at 50%, it would eat up the world! There is a formula to know approximately the amount of time it will take for an amount, at compound interest, to double; it is the “Rule of 72”: You divide 72 by the interest rate. It gives you the number of years it will take for the amount to double. Thus, an interest rate of 10% will cause a loan to double in 7.2 years (72 divided by 10).

Another example of compound interest: 1 cent borrowed at 1% compound interest at the birth of Christ would amount (in 1986) to a debt of $3,821,628.40 ($3.8 million). At 2%, it is not only twice this amount that would be owed, but 314 million times this amount: 1.2 followed by 15 zeros (one billion millions of dollars!)

All this is to show that any interest asked on money created out of nothing, even at a rate of 1%, is usury. In his November 1993 report, Canada's Auditor General calculated that of the $423 billion in net debt accumulated from Confederation to 1992, only $37 billion went to make up the shortfall in program spending. The remaining $386 billion covered what it has cost to borrow that $37 billion. In other words, 91% of the debt consisted of interest charges, the Government having spent only $37 billion (8.75% of the debt) for actual goods and services.)

The public debt of the United States​

The public debt of the United States follows the same curve as Canada’s, but with figures ten times bigger

The Public-Debt Problem - Michael Journal

All the countries in the world are presently struggling with a debt problem. Third-World countries’ debt is over $1,300 billion (in 1986)

www.michaeljournal.org

 

[Toddsterpatriot]

I do admit that Americans and Canadians being able to pay off their debts and taxes will tend to produce at least some inflation in some sectors of the economy. I am of the belief though that a boom in real estate prices in rural or somewhat rural areas in the USA and Canada has a lot of positive potential?

Zone1 Thread 'Reverse Engineering of a Real Estate Boom and Paying off the USA national debt?'

Mar 16, 2026

For about fifty of my sixty six years I have been rather obsessively studying Theology, Spirituality and especially near death experience accounts.

I believe that the gifted Pastor David Wilkerson in 1973 was given a prediction for the future of the USA that theoretically can be Reverse Engineered?

[Pastor David Wilkerson] :

"There will be a sudden rush to buy farms, ranches, and homes in the country.

Thousands will attempt to flee from cities, hoping that a return to the land and
nature will provide security. There will be a growing urge to "get away from it
all"---and much money...

• DennisPTate
• Replies: 3
• Forum: Clean Debate Zone

I'll put you down as a yes vote on hyperinflation.

 

[DennisPTate]

I'll put you down as a yes vote on hyperinflation.

I must admit that I am willing to take that risk but.......
I believe that the key to preventing hyper-inflation is to INCREASE PRODUCTIVITY AT THE SAME TIME......
and essentially everything that President Trump has been doing in his five plus years in office is to set the stage for a massive surge in PRODUCTIVITY for the USA worker.... and for the USA economy in general.

 

[Toddsterpatriot]

I must admit that I am willing to take that risk but.......
I believe that the key to preventing hyper-inflation is to INCREASE PRODUCTIVITY AT THE SAME TIME......
and essentially everything that President Trump has been doing in his five plus years in office is to set the stage for a massive surge in PRODUCTIVITY for the USA worker.... and for the USA economy in general.

I must admit that I am willing to take that risk but.......

Obviously, you're very confused.

 

[BluesLegend]

A joke that is being played on ninety nine, point nine, nine percent of Americans by a tiny group of extremely wealthy and influential people and the owners of BigMedia and BigOil who cooperate with them?

Economist Milton Friedman gave the key to paying down the National Debt of the United States Rapidly,
an Unconditional but Taxable Basic Minimum Income Supplement

Sounds like welfare for mooching deadbeat losers who need to get jobs and work off some of that 300lbs of lard they are carrying around and pay their own damn bills. What a bunch of dead weight.

 

[DennisPTate]

Economist Milton Friedman gave the key to paying down the National Debt of the United States Rapidly,
an Unconditional but Taxable Basic Minimum Income Supplement

Where did he say giving everyone a handout is the key to paying down the debt?

This discussion is in the "Politics" forum but I just began essentially the same idea in the "Economics" forum and I would be honoured if you would BLAST ME over there as well?

The USA fiat Dollars are backed up by the PRODUCTIVITY OF THE AMERICAN WORKER and thus..... your comments and criticisms of my ideas are not entirely invalid at all. I do thank you for your dedication to this fascinating general idea and question.

Thread 'To what degree is the National Debt of the USA a PRACTICAL JOKE?'

May 9, 2026

I could be wrong.....
I often am wrong but.....
it seems to me that Canada's Prime Minister Mark Carney.....
for all of his many, many, many, many, many.... many flaws......
is all set up to be either assisted...... or perhaps "maneuvered" into playing the role of
"Canada's F. D. R' so that a 2026 to 2036 variation on "The New Deal" that was given to
America by F. D. R., can become the inspiration for a modern variation here in Canada.

I am of the belief that Brant County Ontario Canada is the perfect place to do this from....
partly because Economist John Hotson....
Economist Harold...

• DennisPTate
• Replies: 14
• Forum: Economy

 

[DennisPTate]

Sounds like welfare for mooching deadbeat losers who need to get jobs and work off some of that 300lbs of lard they are carrying around and pay their own damn bills. What a bunch of dead weight.

That is what the "Neo-Malthusian" investors in most everything that Bill Gates gets into want you to believe....... These same people pretty much OWN BIG MEDIA.... so of course they even use major league Economists to promote the myths that they want YOU to believe.

 

[HikerGuy83]

We must come to a better understanding of this topic now because Artificial Intelligence and robotics will likely cause twenty, thirty or even forty percent unemployment over the next two or three decades.

No, it will not.

Such an assertion is silly.

At fourty percent unemployment, there will be no consumers of much of anything.

Business will need AI to do what? Produce things people can't buy?

You need to sit down and think about what you are saying.

 

[DennisPTate]

No, it will not.

Such an assertion is silly.

At fourty percent unemployment, there will be no consumers of much of anything.

Business will need AI to do what? Produce things people can't buy?

You need to sit down and think about what you are saying.

Thank you for letting me know clearly where you personally stand on this question.

Personally I am of the belief that a Utah Dollar could be used to PROVE THAT THE NATIONAL DEBT OF THE USA IS SIGNIFICANTLY A PRACTICAL JOKE THAT IS BEING PLAYED ON AMERICANS.

HOW?

By printing up a Utah Dollar.....
with L. D. S. President Russell Nelson.....
on perhaps a FIFTY DOLLAR NOTE.......

THAT could be linked to a plan for a modern "Jubilee" that is financed largely through the PRODUCTIVITY OF THE WORKERS IN UTAH......... and their family and "friends" all over the USA and Canada?

Russell M. Nelson - Wikipedia

en.wikipedia.org

Because of the ATTENTION that President Donald John Trump is putting on the Canadian Province of Alberta.....
I believe that the opening gambit with a UTAH State Dollars...... [with a photograph of President Russell Nelson on it], should be made to BUY UP MOST OF THE MONEY SUPPLY OF www.CalgaryDollars.ca/

Shabbat Shalom Utah!!!!

 

[HikerGuy83]

Thank you for letting me know clearly where you personally stand on this question.

Have you run an economic model for when we go to 40% unemployment?

That is not a personal stance.

 

[DennisPTate]

Have you run an economic model for when we go to 40% unemployment?

That is not a personal stance.

Didn't the entire world pretty much do exactly that from 1929 to 1939?

 

[HikerGuy83]

Didn't the entire world pretty much do exactly that from 1929 to 1939?

It wasn't 40%.

It peaked at 25%.

So, it seems you think AI and business will just motor along while we are in this condition? Is that how I take your statements?

 

[DennisPTate]

It wasn't 40%.

It peaked at 25%.

So, it seems you think AI and business will just motor along while we are in this condition? Is that how I take your statements?

Not if you also factor in "underemployment" which is also a serious issue?

Another important question is to what degree is the federal government of the USA in Washington, D. C., .....DIVIDED..... against itself and against State Governments and even City and local governments?

"The Lord is now preparing courageous leaders who
will be willing to fight a spiritual civil war in order to set men free.
The main issue, as in the American Civil War, will be slavery versus
freedom. The secondary issue, which will be the primary issue for some,
will be money.

Just as the American Civil War at time looked like it would destroy the entire
nation, that which is coming upon the church will sometimes appear as if it will
bring the end of the church. However, just as the United States not only
survived but went on to become the most powerful nation on earth, the same
is going to happen to the church. The church will not be destroyed, but the institutions
and doctrines that have kept men in spiritual slavery will be" The Final Quest [English] Rick Joyner

And now to postulate TWO PRESIDENTS OF THE USA.......
which assuming the validity of the Prophet Kim Clement predictions.... could lead to the DEFEAT OF CANCER?


ONLY MR. MITT ROMNEY CAN PLAY THE ROLE OF THE WHITE HORSE PRESIDENT IN 2026 TO 2034 ASSUMING THE POSSIBILITY OF THE 2012 USA PRESIDENTIAL ELECTION HAVING PERHAPS BEEN STOLEN AS WELL?

In 2012, religious broadcaster and author Rick Joyner expressed hope that Mitt Romney would fulfill the "White Horse Prophecy," a belief that a Latter-day Saint (Mormon) leader would emerge to save the United States Constitution in a time of crisis. [1]
Key details regarding this perspective include:

• The Prophecy Context: The "White Horse Prophecy" is an often-contested, non-doctrinal, and largely folkloric account attributed to early Latter-day Saint leader Joseph Smith, which suggests that when the U.S. Constitution is "hanging by a thread," LDS elders will step in to save it.
• Joyner's Hope: During an October 2012 appearance on The Jim Bakker Show, Joyner suggested that Romney, as a prominent Mormon, could be the figure to fulfill this prophecy and defeat President Barack Obama.
• Romney's View: Mitt Romney has historically distanced himself from the prophecy, stating during his 2007 presidential campaign that he did not put it at the heart of his religious beliefs.
• LDS Church Stance: The Church of Jesus Christ of Latter-day Saints has stated that the "White Horse Prophecy" is not Church doctrine and is based on unsubstantiated accounts. [1, 2, 3, 4]

While some supporters historically linked Romney’s political actions—particularly his 2020 vote to convict President Donald Trump—to this, it is not an official church position or a widely held political narrativE

Zone1 Thread 'The White Horse President Prophecy? Does it have ARTISTIC value?'

Dec 7, 2025

Does the White Horse President Prophecy have ARTISTIC value that could be transformed into educational value, diplomatic value and yes, ECONOMIC VALUE?

I believe that it does and I believe that we are now in the type of situation where the USA Dollar and the USA Constitution are in real danger!

I believe that the USA and world economy is in such a dangerous situation now in December of 2025 that out of the box ideas need to be taken seriously and discussed.

I believe that President Trump's children and grandchildren could get together with Mr. Mitt Romney's children and grandchildren...

• DennisPTate
• Replies: 2
• Forum: Religion and Ethics

 

[task0778]

There are 230 million Americans. Giving $500 a month to each of them comes out to 115 billion each month, which comes out to about 1.4 trillion a year in extra money that we ain't got. Friend, that is not feasible.

It ain't like you can just create that much new money on a continual basis. Either it's new debt or the gov't just adds that much money into the economy; either way, it's massive inflation that dwarfs the one in 2021. It's hard to imagine what the cost of living would be then. Yeah, everybody would have a bunch of money to spend but everything would be a lot more expensive.

 

[DennisPTate]

There are 230 million Americans. Giving $500 a month to each of them comes out to 115 billion each month, which comes out to about 1.4 trillion a year in extra money that we ain't got. Friend, that is not feasible.

It ain't like you can just create that much new money on a continual basis. Either it's new debt or the gov't just adds that much money into the economy; either way, it's massive inflation that dwarfs the one in 2021. It's hard to imagine what the cost of living would be then. Yeah, everybody would have a bunch of money to spend but everything would be a lot more expensive.

Good points....
but what if Pope Leo were to propose a FIVE DOLLAR ALTERNATIVE CURRENCY NOTE.... .WITH THE PHOTO AND NAME OF DR. MOSES COADY ON THAT NOTE.......
AND WHAT IF POPE LEO WERE TO OFFER TO PRESIDENT DONALD JOHN TRUMP...... THAT THE VATICAN PAY OFF THE NATIONAL DEBT OF THE USA IN THESE PROPOSED FIVE DOLLAR VATICAN ALTERNATIVE CURRENCY NOTES.... WITH THE PHOTO AND NAME AND SOME SAYINGS BY DR. MOSES COADY ON THOSE ALTERNATIVE CURRENCY NOTES?

WHAT IF....
POPE LEO PROPOSED PRINTING UP FIVE TRILLION FIVE DOLLAR NOTES...... and offered all of them to President Donald John Trump......
and to Roman Catholics and Charismatic Catholics LIVING... [or perhaps to Catholic ORGANIZATIONS] headquartered, in the USA?

 

[task0778]

Good points....
but what if Pope Leo were to propose a FIVE DOLLAR ALTERNATIVE CURRENCY NOTE.... .WITH THE PHOTO AND NAME OF DR. MOSES COADY ON THAT NOTE.......
AND WHAT IF POPE LEO WERE TO OFFER TO PRESIDENT DONALD JOHN TRUMP...... THAT THE VATICAN PAY OFF THE NATIONAL DEBT OF THE USA IN THESE PROPOSED FIVE DOLLAR VATICAN ALTERNATIVE CURRENCY NOTES.... WITH THE PHOTO AND NAME AND SOME SAYINGS BY DR. MOSES COADY ON THOSE ALTERNATIVE CURRENCY NOTES?

WHAT IF....
POPE LEO PROPOSED PRINTING UP FIVE TRILLION FIVE DOLLAR NOTES...... and offered all of them to President Donald John Trump......
and to Roman Catholics and Charismatic Catholics LIVING... [or perhaps to Catholic ORGANIZATIONS] headquartered, in the USA?

Did you think this up yourself or is there a link to where you got this idea? You do realize that much of the world's population is not catholic? And - the US national debt is $40 trillion so $25 trillion in pope notes isn't going to cover it. Basically, the problem is not going away until the gov't stops spending upwards of $2 tril a year that they ain't got. And what about the national debts of every other country on Earth? No bailout for them?

Dr Coady was a socialist catholic priest that died about 67 years ago. While I believe that new ideas are a good and should be encouraged, there's gotta be a solid economic foundation that shows where the money comes from and who stands behind it, as in full faith and credit. I kinda doubt this idea would be acceptable in this country.

I'll ask again, where are you getting these ideas from, or are they your own invention?

 

[DennisPTate]

Did you think this up yourself or is there a link to where you got this idea? You do realize that much of the world's population is not catholic? And - the US national debt is $40 trillion so $25 trillion in pope notes isn't going to cover it. Basically, the problem is not going away until the gov't stops spending upwards of $2 tril a year that they ain't got. And what about the national debts of every other country on Earth? No bailout for them?

Dr Coady was a socialist catholic priest that died about 67 years ago. While I believe that new ideas are a good and should be encouraged, there's gotta be a solid economic foundation that shows where the money comes from and who stands behind it, as in full faith and credit. I kinda doubt this idea would be acceptable in this country.

I'll ask again, where are you getting these ideas from, or are they your own invention?

I am from Nova Scotia, Canada and I was born in the same hospital in the little town where Dr. Moses Coady passed on, [a few weeks after I was born].

Once some of my mentors and teachers taught me about Dr. Moses Coady I researched him a lot.......
and I wrote up quite a bit on this general idea since 2009.

Dr. Moses Coady began "The Antigonish Movement" and I was born at St. Martha's Hospital in Antigonish, N. S.

 

[Toddsterpatriot]

This discussion is in the "Politics" forum but I just began essentially the same idea in the "Economics" forum and I would be honoured if you would BLAST ME over there as well?

The USA fiat Dollars are backed up by the PRODUCTIVITY OF THE AMERICAN WORKER and thus..... your comments and criticisms of my ideas are not entirely invalid at all. I do thank you for your dedication to this fascinating general idea and question.

Thread 'To what degree is the National Debt of the USA a PRACTICAL JOKE?'

May 9, 2026

I could be wrong.....
I often am wrong but.....
it seems to me that Canada's Prime Minister Mark Carney.....
for all of his many, many, many, many, many.... many flaws......
is all set up to be either assisted...... or perhaps "maneuvered" into playing the role of
"Canada's F. D. R' so that a 2026 to 2036 variation on "The New Deal" that was given to
America by F. D. R., can become the inspiration for a modern variation here in Canada.

I am of the belief that Brant County Ontario Canada is the perfect place to do this from....
partly because Economist John Hotson....
Economist Harold...

• DennisPTate
• Replies: 14
• Forum: Economy

Where did he say giving everyone a handout is the key to paying down the debt?