Every president since 1914 has added to the national debt. Is this a coincidence?

From 1790 to 1913, the US total debt accrued was only 2.9 billion dollars. Starting with Woodrow Wilson, who quickly added 21 billion to the debt every president through Trump and I am sure Biden also has added first billions, then tens of billions and now trillions onto our national debt. Here is a link to an article about how different presidents added to the debt. www.thebalance.com...

What happened in 1913, you may ask? On December 23rd 1913 Woodrow Wilson signed The Federal Reserve act into law. Contrary to some people's thought, The Federal Reserve is not a government entity.
This site explains it: www.monetary.org...

Most Americans understand that the Fed controls our money system, but they believe its part of our government, as would be expected of any organization holding that much power over the destiny of our country. Americans also erroneously believe the banking business consists of accepting deposits from clients and then re-loaning them to borrowers at a higher rate of interest. Though the number is definitely growing, most Americans have no idea that money (or more accurately interest bearing bank credits – purchasing media which serves as money) is created by the banking system when loans are made, through the fractional reserve provisions. This is understood by few novices, and often economists and even bankers fail to comprehend that they function as part of a money creation system, when they issue credits, and deposit them into their client’s accounts when loans are extended. Therefore most Americans would be surprised to learn that almost all of what we use for money is not issued by our government, but by private banks. They have been “allowed” to form erroneous assumptions about our money and banking system that are far from reality and that serves to shield from closer scrutiny, whether the Fed is truly operating in the public interest or advancing more private agendas, either on purpose or by default."

And

The Federal Reserve consists of 12 regional Federal Reserve banks, with boards of Directors, under an umbrella direction of the 7 member Federal Reserve Board in Washington, with the power to determine major aspects of banking activity, such as setting interest rates, and the reserve and other operational requirements. There are no shares of the Washington Fed Board organization; the only “ownership” of the Fed is in shares of each of the 12 regional banks which are entirely owned by the private member banks within their respective districts, according to a formula based on their size (they must subscribe to the shares with 3% of their capital plus surplus).  The ownership is highly restricted in that such ownership is mandatory; the shares can’t be sold; and they pay a guaranteed 6% annual dividend. Thus the stories that the Federal Reserve is “owned” by foreign bankers (the Rothschild’s and other prominent banker names usually come up) are not accurate and these types of rumors have mainly served to discredit wholesome criticism of the banking system.

Another historical event also happened in 1913. The 16th amendment to the constitution was ratified. You know. The one that says:

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

Many people falsely believe that the federal income tax goes as far back as the Civil War. This is incorrect and an example of how "history" can be misleading. What actually happened during the Civil War is that there was The Revenue Act of 1861 which gave a 3% flat tax to income over $800. This was replaced in 1862 with a progressive tax of 3% on income over $600 and 5% on income over $10,000. (By the way, $10,000 in 1862 is equivalent to about $260,000 today) This act, from the time of it's inception was destined to expire by 1866 and was repealed in 1872. Congress attempted in 1894 to pass a flat federal income tax, but that was ruled unconstitutional for the reason that the 16th amendment was ratified to fix in 1913.

These are not coincidences in my opinion. The debt is spiraling on purpose and has been since 1914. Really think about what the banking system has done for you. Is it worth it?

a reply to: Chalcedony

Not so much a coincidence as an inevitability.

It’s easy to spend someone else’s money especially when there are no consequences.
Why else would they create what is essentially a credit card?

Question is, now that this information is known, what exactly do you plan to do about it?

That's the problem, see.
No one believes they are capable of stopping this machine. It's been well funded for 100 years (probably much more) and it's not even close to being shut down. If anything, people are brainwashed into thinking that there is no other way and that's "just how it is." Life, taxes, death. As if that's somehow supposed to be "normal". I just shake my head.

Ask anyone. Ask them if they know. Then listen to their response. I would hazard a guess and say 99.9% of people have no idea what to do because their entire lives revolve around the fiat currency developed by the Fed. Do you think they would fight?

Most people are scared to death of this plandemic, nevermind the actual problems at hand like trilions of debt, hidden agendas, crony capitalism, and the plague of people that believe somehow a billionaire is going to fix all of their problems or a senile lifer will save the country.

The apathy is real when reality gets serious.

a reply to: Chalcedony

Debt that is created by the 'state' is not necessarily about a monetary debt in reality, it's a debt that cannot ever be repaid realistically. It's like a king from way back in the day who would forgive a citizens debts to some other person living on the kings land but he was now indebted to the king for an insane amount. That man will now try to repay the debt for the rest of his life and in turn become productive for the king and his fields, markets, etc.

Debt makes people do stuff basically (taxes). And until all national debts are 'forgiven' and zeroed out, they will continue to climb.

As for the federal reserve it's essentially a necessary evil within the US banking system, otherwise inflation with 'currency' would run rampant if the state just controlled all debts, and it keeps outside banks from running tabs of their own 'state' debt like you see in Europe, and it keeps micro - economies from forming, ie black markets. It's more of an institution of accountability and control so that everyone within' the US can have a piece of the economy theoretically, through taxes and such.

Edit: Made a mistake with treasury bonds.

a reply to: havok
Bitcoin was created to stop this Federal Reserve machine. A decentralized monetary system has never been tried before. The only thing stopping it is adaptation and government. Both will be overcome with time.

The monetary system is the hardest system to bring to modern times. Of course banks use electronic banking and accounting for convenience, but the technology just enhances the old system. The real DNA of the monetary system and how it works is unchanged since the early Industrial Revolution. The old money wants to keep it that way. There will be major disruptions and even wars but eventually the old system will be replaced with the modern one.

a reply to: SouthernForkway26

Crypto will eventually become centralized. You cannot have a decentralized currency, it just doesn't work, especially since the infrastructure needed to keep it going CAN be controlled and centralized, you know electricity...

Psst...The Gold Reserve Act of 1933 made possession of most gold illegal...think Bitcoin can’t be as easily removed as a valid currency?

Now by bizarre coincidence the National Firearms Act was passed in 1934 making machine guns, silencers, triple edged knives, short barrel rifles and shotgun and “other weapons of war” illegal. Which was also when the government just took gold from those that hadn’t sold it to the government yet....But uh, Mafia bootlegging liquor during Prohibition...yeah.

We need charts and graphs.

We need Names and Party of Presidents per 4 year period comparisons.

We need the makeup of Congress per 4 year period comparisons.

😃🚬

originally posted by: SouthernForkway26
Bitcoin was created to stop this Federal Reserve machine. A decentralized monetary system has never been tried before. The only thing stopping it is adaptation and government. Both will be overcome with time.

Bitcoin can't do that because when it comes time to cash your Bitcoin in you're getting paid with dollars.

Additionally, the Federal Reserve will have it's own payment token called FedCoin. Want to do business with the United States Government? Better have FedPay and FedCoin.

While I agree with the main goals and ideas of crypto, it still an intangible asset and essentially worthless (just like fiat currency) and can still have no value unless deemed by it's believers. Like Augustus said, its typically converted back to dollars when spent.

I also have a suspicion that crypto-currency is exactly what is being developed to gain even more control and wealth from the people and direct it to the few. Or maybe the idea was stolen and now going to be used against the people.

I believe we lost the currency "war" once the US was taken off the gold standard. All to keep the public happy with economists talking about why we needed to print more dollar$ to stave of the dreaded "inflation". Bollocks.

If the value of money is based on a limited asset, i.e., gold or silver, then it can't be inflated against anything other than how much precious metals are in storage. Once we got off those tangible assets, we could print indefinitely, leading up down the spiral we are going down today. (In my limited opinion)

The US can not afford to keep growing in this fashion. It will inevitably fail. Perhaps by design, at this point.

a reply to: havok

The US cannot fail because of US treasury bonds. If the entire planet were to off load their bonds and stop using the USD then perhaps it will fail, but that'll never happen. You will start looking like Libya, Iraq, Venezuela, etc, etc. Because the USD is backed by the US stock markets and military power, and you know thousands of nuclear war heads.

originally posted by: strongfp
a reply to: havok

The US cannot fail because of US treasury bonds. If the entire planet were to off load their bonds and stop using the USD then perhaps it will fail, but that'll never happen. You will start looking like Libya, Iraq, Venezuela, etc, etc. Because the USD is backed by the US stock markets and military power, and you know thousands of nuclear war heads.

Do you think U.S. Treasury Bonds affect the American population directly or mostly through businesses and oil ? 🙂

Does the U.S. debt really matter?

So long as credit keeps being extended to a nation or an individual, "the doom" will never come.

That's not true, Clinton balanced the books briefly.

a reply to: Chalcedony

originally posted by: xuenchen

originally posted by: strongfp
a reply to: havok

The US cannot fail because of US treasury bonds. If the entire planet were to off load their bonds and stop using the USD then perhaps it will fail, but that'll never happen. You will start looking like Libya, Iraq, Venezuela, etc, etc. Because the USD is backed by the US stock markets and military power, and you know thousands of nuclear war heads.

Do you think U.S. Treasury Bonds affect the American population directly or mostly through businesses and oil ? 🙂

There is a reason that (as one poster here recently mentioned in a thread) it's called the petro-dollar. The vast majority of transactions for fossil fuel resources are in USD, "the worlds reserve currency". Without USD there would be serious challenges in int't trade especially when it comes to commodities like oil, agricultural products etc. It would not be easy to exchange goods and services at scale without goods and services 'pegged' to a recognized store of value, world-wide.

Part of the resistance to getting off the USD as reserve currency is US military might, but it's also just plain inertia. What are you going to replace USD with as reserve currency? Unfortunately, from a US perspective, I think the emergence of cryptocurrency will eventually bump USD from its place as world reserve currency, and part of the end goal of globalism seems to pursue that goal. Whether that day will be next month or next century, who can tell.

originally posted by: VNotch
That's not true, Clinton balanced the books briefly.

a reply to: Chalcedony

Over the course of his presidency debt still increased.

originally posted by: VNotch
That's not true, Clinton balanced the books briefly.

a reply to: Chalcedony

"The power of the purse" is not afforded to the US executive branch, but Congress. I would replace that statement with "The books were balanced briefly during the Clinton administration".

It was definitely a valid and praiseworthy event that happened during the Clinton years, but he didn't go it alone.

Title is inaccurate, coolidge decreased the debt.

originally posted by: VNotch
That's not true, Clinton balanced the books briefly.

a reply to: Chalcedony

...with other departments' numbers 🤣

a reply to: xuenchen

Both. The average US citizen is alienated from the reality that the petro dollar is what keeps most of their consumption afloat. The US is an empire, this how empires operate. The usd also controls shipping lanes and such as well.