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

[DennisPTate]

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 Chorney and Economist Mario Seccarrecia lived an taught not too far from here
for much of their careers at universities.


"Excellent points ShockedCanadian but.....
what IF a plan was put forward to offer to purchase the National Debt of the USA for forty TRILLION Northern Pesos, [or Canadian Dollars if you prefer]?


Could Canadians form into Film Production Cooperatives or Kibbutzes and exalt The Wayne Gretzky to the place where a "Walter Gretzky Dollar" or "Walter Gretzky Memorial Dollar" is used to set in motion a Reverse Engineering of essentially the same idea that is put forward in the documentary film "Banking on BitCoin?"


Why could not Canadians.....
work together.....
to do something like "The 1932 Worgl Austria Local Money Experiment" that set up F. D. R. so that he could give Americans "The New Deal?"

Whether or not P. M. Mark Carney's motives would be altruistic or selfish......
the man clearly does have the intelligence to perhaps become "Canada's F. D. R?""

Post in thread 'Ontario power of sales surge as desperate homeowners run out of runway'

56 minutes ago

A basic minimum of $500 to replace current entitlements or in addition to? That amounts to $20B a month, or $240B a year. Not sustainable.

The only manner in which UBI succeeds, I suspect, is if it replace administration costs of programs and uploads from cities and provinces to the federal government.

Thus, the immense costs to administer entitlement programs from cities and provinces is essentially eliminated, all of the savings (plus some additional money as a benefit) is given directly to all citizens instead of the high administration costs.

Ultimately, as A.I begins to...

• DennisPTate

For the record you may wish to research the discussion that I already have going in the "Politics" forum on this same idea?

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

Mar 10, 2026

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 that is at the same rate, [the same number per month], but it is Unconditional and not based on your income last month or even last year, [which means that little or no bureaucracy or dishonest bureaucrats are needed to make...

• DennisPTate
• Replies: 34
• Forum: Politics

• 

 

[Dont Taz Me Bro]

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

They certainly treat it like it is. One day the piper will need to be paid and shit will hit the fan. When that happens all the low human capital tribalists will point the finger at each other instead of accepting that they're all responsible for it.

 

[DennisPTate]

They certainly treat it like it is. One day the piper will need to be paid and shit will hit the fan. When that happens all the low human capital tribalists will point the finger at each other instead of accepting that they're all responsible for it.

Let's look at this topic from another angle....
Are the major investors in Bill Gates Foundation
"Neo-Malthusian" in their Economic Philosophy?

Might these same investors tend to want to see American and
Canadian women "PRESSURED", [at least somewhat], TOWARD choosing ABORTION over life for their unborn children?


So.....
is it OK for the women of Canada and American to be
PRESSURED through Economics into CHOOSING ABORTION over Life for their unborn children?

Zone1 Thread 'A Basic Minimum Income Supplement and the percentage of women who choose abortion?'

Nov 30, 2025

In a high percentage of cases where a woman chooses to have an abortion, money and obtaining an education and getting a better career in the future are cited as being major reasons for choosing to have an abortion.

An Unconditional but Taxable Basic Minimum Income for all citizens of the USA and Canada would almost certainly result in a significant percentage of women deciding instead to give birth to their baby, [even if they were to give their baby up for adoption, a less scary economy for the USA and Canada would impact pregnant women so that they would be less pessimistic about the...

• DennisPTate
• Replies: 27
• Forum: Clean Debate Zone

I believe it was 2008 when Canada's Green Party Leader Ms. Elizabeth May replied to my message to her that included my 2008 campaign writing, with the comment that :

"Turning deserts green is one part of a full response to climate change." [Green Party Leader Ms. Elizabeth May to me after she read my 2008 campaign writing].

I believe that Billionaire "Philantropist" Bill Gates is BIASED AGAINST TREES AND PLANTS due to the degree that his major investors tend to be "Neo-Malthusian" in their Economic Philosophy.

Zone1 Thread 'Could Bill Gates have a BIAS against TREES and plants due to his beliefs on how to save the environment?'

Apr 23, 2026

Is it just my imagination or could Mr. Bill Gates be BIASED AGAINST TREES AND PLANTS due to his idea on how best to save trees and plants and fish and birds over a longer term such as five to ten centuries?

After all....
if you really believe that a world population of about six and a half BILLION in 2010 must be reduced down to two or three billion people...... then TREES AND PLANTS are an enemy......
because trees and plants would tend to be useful in assisting HUMANS to SURVIVE VS BEING DEPOPULATED?

Innovating to zero! | Bill Gates​

NO wonder Sir Richard...

• DennisPTate
• Replies: 15
• Forum: Clean Debate Zone

 

[Concerned American]

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 Chorney and Economist Mario Seccarrecia lived an taught not too far from here
for much of their careers at universities.


"Excellent points ShockedCanadian but.....
what IF a plan was put forward to offer to purchase the National Debt of the USA for forty TRILLION Northern Pesos, [or Canadian Dollars if you prefer]?


Could Canadians form into Film Production Cooperatives or Kibbutzes and exalt The Wayne Gretzky to the place where a "Walter Gretzky Dollar" or "Walter Gretzky Memorial Dollar" is used to set in motion a Reverse Engineering of essentially the same idea that is put forward in the documentary film "Banking on BitCoin?"


Why could not Canadians.....
work together.....
to do something like "The 1932 Worgl Austria Local Money Experiment" that set up F. D. R. so that he could give Americans "The New Deal?"

Whether or not P. M. Mark Carney's motives would be altruistic or selfish......
the man clearly does have the intelligence to perhaps become "Canada's F. D. R?""

Post in thread 'Ontario power of sales surge as desperate homeowners run out of runway'

56 minutes ago

A basic minimum of $500 to replace current entitlements or in addition to? That amounts to $20B a month, or $240B a year. Not sustainable.

The only manner in which UBI succeeds, I suspect, is if it replace administration costs of programs and uploads from cities and provinces to the federal government.

Thus, the immense costs to administer entitlement programs from cities and provinces is essentially eliminated, all of the savings (plus some additional money as a benefit) is given directly to all citizens instead of the high administration costs.

Ultimately, as A.I begins to...

• DennisPTate

For the record you may wish to research the discussion that I already have going in the "Politics" forum on this same idea?

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

Mar 10, 2026

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 that is at the same rate, [the same number per month], but it is Unconditional and not based on your income last month or even last year, [which means that little or no bureaucracy or dishonest bureaucrats are needed to make...

• DennisPTate
• Replies: 34
• Forum: Politics

• 

I really don't know what this thread about Canada's debt has to do with the US debt so the poll is irrelevant, but in keeping with your request for 'other' My personal belief and practice is that there is a time for well-managed credit/debt. That being said, all debt should be paid back in short order and the end result should be ZERO DEBT.

 

[DennisPTate]

I really don't know what this thread about Canada's debt has to do with the US debt so the poll is irrelevant, but in keeping with your request for 'other' My personal belief and practice is that there is a time for well-managed credit/debt. That being said, all debt should be paid back in short order and the end result should be ZERO DEBT.

I could be wrong....
I often am but I suspect that the Banker from Switzerland who may have convinced Prime Minister Pierre E. Trudeau to make a colossal Error back in 1974.... may have been TARGETING THE USA TAXPAYER.... far more so than the Canadian Taxpayer...... [and perhaps the damage to the economy of Canada that was done by P. M. Pierre E. Trudeau was mostly COLLATERAL DAMAGE.... [in terms of the larger goals of the BigBanking Community]?

HOW PIERRE TRUDEAU TURNED US INTO DEBT SLAVES
Click on the link above to watch Part 3 of my video series on the Canadian Banking System. Please also read accompanying text below.
Trudeaumania was just gearing up when I immigrated to Canada in late 1966. I, too, was impressed with Trudeau. He was intelligent, articulate, with liberal ideas. And as Prime Minister, Trudeau repatriated the Canadian Constitution and told the morals’ police to stay out of people’s bedrooms. But then…but then. As Anthony’s famous speech in Shakespeare’s play Julius Caesar reminds us… “the evil that men do live after them while the good is often interred with their bones. So let it be with Caesar.”

But somehow this worked backward for Trudeau. Many Canadians still think highly of Pierre Trudeau, but in 1974 he did one terrible thing that changed the lives, for present and future, of all Canadians, for the worse. Trudeau gave the leading operations of the Bank of Canada over to the private banks operating in Canada.

The Bank of Canada was first established by Prime Minister Richard Bennet in 1935 as a private central bank, but was then nationalized by William Lyon Mackenzie King in 1938. By nationalizing the bank, Mackenzie King meant for it to belong to the people so the Canadian government could borrow funds with little or no interest for capital expenditures. The mandate of the newly nationalized Bank of Canada was to act as the banker to the government and to manage the public debt. As Mackenzie King famously said: “Once a nation parts with the control of their currency and credit, it matters not who makes that nation’s laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of sovereignty of parliament and of democracy is idle and futile.”

So the Bank of Canada was nationalized in 1938 and the government could now borrow money with little or no interest. And it worked. The Canadian government built freeways, public transportation systems, subway line, airports, the St. Lawrence Seaway and funded a national health care system and the Canada Pension Plan. But then Trudeau, under the influence of the international financial group called Basel’s
Committee’s Recommendations (The Basel Committee on Banking Supervision) made the decision to halt the borrowing of money from the Bank of Canada, and instead, chose to borrow from the private banks who instead of lending to the government at no interest, or low interest, introduced higher interest rates along with compound interest.

All banks know very well the magic of compound interest. And Pierre Trudeau must have known that the mounting compounded national debt would lead to Canadians eventually owing a dollar fifty for every dollar of their disposable incomes. After all, he studied economics at the London School of Economics. Surely the professors there knew about compound interest.

So Pierre Trudeau, instead of feeling blessed that Canada, unlike the US, had a nationalized central bank, signed our bank away to the private banks. Couldn’t Trudeau, such an educated man, surmise that citizens in a few years would be struggling to make car payments and meet rent and mortgages and student loans and to buy healthy food while last year’s profits for the big five (that’s Royal Bank, TD Bank, Scotiabank, Bank of Montreal and CIBC amounted to $31.7 billion?) If he did, he didn’t care. But it doesn’t have to be this way. It really doesn’t. Our Bank of
Canada is still there. Next time." (Ms. Betty Krawczyk)

HOW PIERRE TRUDEAU TURNED US INTO DEBT SLAVES

HOW PIERRE TRUDEAU TURNED US INTO DEBT SLAVES Click on the link above to watch Part 3 of my video series on the Canadian Banking Syste...

bettysearlyedition.blogspot.com

Perhaps I am reading too much into the following "Hockey Stick Shaped Graphs?"

and......

Here is a paragraph from three of the most courageous and intellectually honest ECONOMISTS that I have ever found online.

By Harold Chorney, John Hotson and Mario Seccareccia:


“Governments these days find it easy to defend cuts in services and programs. All they have to do is point to their annual deficits and their total accumulated debts. (As of March, 1994, Canada's public debt was about $546 billion.) This public debt provides the politicians with a convenient excuse for cutting spending or raising taxes. Or both. “We're broke”, they tell us plaintively. “We can't afford to increase public services, or even keep them at their present level.”


A lesson from the War

The creation of money



“One of the most pervasive myths about the government deficit is that governments which spend more than they receive in revenue must borrow the difference, thus increasing the public debt.

“In fact, a government can choose to create the needed additional money instead of borrowing it from the banks, the public, or foreigners.

“Business and the conservatives in politics and the media are horrified by the suggestion that the government exercise its right to create more money. They claim it would precipitate another ruinous bout of inflation.

“But money creation is money creation — whether by a private bank or the Bank of Canada. And a government in debt only to the government's own bank is not really in debt at all. If it wants to go through the rigamarole of having the Treasury «borrow» from the central bank and later pay interest, that is a minor matter of bookkeeping. As long as the central bank's profits are returned to the Treasury, the results are much the same as if the Treasury had created the money itself.

“There is no reason why the growth of Canada's money supply (averaging about $22 billion annually in recent years) could not be more substantially created by the Bank of Canada. If that policy had been followed, the federal government would not have been obliged to add to its debts to pay interest on old debts. Instead, the Bank of Canada has produced barely 2% of the money added in recent years, while the chartered banks added the rest as they made loans to households, businesses, and all levels of government. At the very least, the Bank of Canada and the chartered banks should share the privilege of creating money on a 50-50 basis.

“Those who dismiss such a proposal as “inflationary” should be required to explain why it would be more inflationary for the government's bank to create $11 billion and the private banks $11 billion, rather than the present practice of having the government's bank create $0.7 billion and the private banks $21.3 billion!

“Clearly the current problem of the Canadian government's deficit is not its absolute size, or its size relative to the GDP, but the insane way it is being financed. A return to the policies of the World War II era, when the Bank of Canada produced almost one-half of the new money at near-zero interest, would do wonders for the economy, while greatly shrinking the deficit... The first order of business for a post-Mulroney-era government must be to regain effective control of the Bank of Canada and make it the primary source of money creation.

“It is ludicrous for the government to put billions of dollars into circulation by borrowing from the private banks, when it can create the extra money it needs, virtually free.”


Banks create money

The Bank of Canada Must Finance our Country, Debt-Free Say Three Economists - Michael Journal

Three economists published a pamphlet “The Deficit Made Me Do It!” in which they affirm that the Bank of Canada Must Finance our Country, Debt-Free.

www.michaeljournal.org

 

[luiza]

The only way to “lose” the Debt which is around $ 300 trillion is to starve the world of Energy and Food .
Then bully , blackmail and. Kill

By Jove Trumpfy ,
Have you considered that ?

Come on Munchers .
Surely you can see the obvious .

 

[DennisPTate]

The only way to “lose” the Debt which is around $ 300 trillion is to starve the world of Energy and Food .
Then bully , blackmail and. Kill

By Jove Trumpfy ,
Have you considered that ?

Come on Munchers .
Surely you can see the obvious .

INCORRECT!!!!!!!!!!!!!!!!!!!!

Pope Leo could introduce a "Dr. Moses Coady Dollar" or a "Dr. Moses Coady Vatican Volunteerism Franc" and he could put in an offer to PAY OFF THE NATIONAL DEBT OF THE USA...... in this new alternative currency note..... AND PRESIDENT DONALD J0HN TRUMP.......
WOULD be messing up his chances for the 2026 mid-terms if he casually REJECTED this offer by Pope Leo!

Moses Coady - Wikipedia

en.wikipedia.org