governments in debt CHECK 52:30

Published date: February 13, 2020
  • Location: online

The government creates money therefore the government can't owe money. If it issues $7 million to everyone including homeless that would solve all the problems. Keep prices what they are today ($.49 lb for cabbage). $7 million to everyone in an account means that at 7% interest each person has $700 a day to spend without touching the principal. $6.5 million to everyone in an account means that at 7% interest each person has $650 a day to spend without touching the principal. It's 100% economically possible because the government can't owe money. The government creates money.

at 52:30 Brother Dick Gregory talks about how Russia just wrote off $32 billion dollars of debt from Cuba. The reason why is because governments can't go into debt in the first place. It's just numbers they're throwing up to confuse the people who have any kind of reservation about feeling worthy of asking for $7 million dollars for themselves and each person that they know.

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