______________________________________________________
Reader Post | By Doug Duff
Judy Byington asked: “Judy Note: My question is, just who do we owe the National Debt to? No one will answer that one.”
I can answer that one very quickly: In the Circular named “Public Debt: Private Asset” published by the Federal Reserve Bank of Chicago in January, 1999, you will find on page 4, “Debt as an asset” these words, “…to a customer a savings account at a bank is an asset. However, to the bank it is a debt.” (May be downloaded at: https://docplayer.net/27063701-Public-debt-private-asset.html)
Then, further down on that page you’ll find, “Debt, then, is considered an asset of the creditor, and a claim against the assets and earnings of the debtor. In terms of the national debt, every dollar of the government’s debt is someone’s asset.”
There, that’s the answer to THAT question. The question she (all of us) should be asking is, WHY is there so much national debt? Let me take a stab at that one.
You see, way back in 1933 an evil “movement” decreed that a “person” could not own nor hold gold. Every “person” had to turn in his/her gold to the gubm’t. Under threat of imprisonment (vi et armis) everyone did just that. A few people hid their gold.
Since that time no DEBT has been paid. All debts became “discharged”, not paid. The debt, being discharged, remained and was pushed into the future. Thus, all “payments” for goods, services, necessities, luxuries, etc., were not paid for. The debt for them still remains (because the gubm’t said, “we’ll handle the Ticket”).
If you paid for those goods with gold or silver coin (or, paper backed by those coins) the debt would have been PAID, not discharged. So, with each purchase of anything the national debt kept growing (by the amount you just, allegedly, paid). Let me explain. If you buy a loaf of bread and a gallon of milk using USD ($) and it cost $10, you’ve just pushed the national debt UP by $10. That’s right.You see, the gubm’t is “servicing” the debt (and us) in the same way that a farmer buys a bull to “service” his cows. Do you ever wonder why we’re called Chattel?
Advertisement
______________________________________________________
Have you ever asked, “Who owes all that money?” The Uniform Commercial Code answers that question. UCC § 9-307. LOCATION OF DEBTOR (h) [Location of United States.] The United States is located in the District of Columbia.
______________________________________________________
Contact Author
If you wish to contact the author of this article. Please email us at [voyagesoflight@gmail.com]. Availability of author’s contact information depends on if said article was user submitted or reposted.
______________________________________________________
Guest Posting
If you wish to write and/or publish an article on Operation Disclosure all you need to do is send your entry to [voyagesoflight@gmail.com] applying these following rules.
The subject of your email entry should be: “Entry Post | (Title of your post) | Operation Disclosure”
– Must be in text format
– Proper Grammar
– No foul language
– Your signature/name/username at the top
______________________________________________________
Newsletter
If you wish to receive the daily Operation Disclosure Newsletter, you can subscribe via the PayPal “Subscribe” button located at the bottom.
______________________________________________________
Operation Disclosure is an independent media platform dedicated to exploring global geopolitics and alternative perspectives. Our mission is to provide a central hub for diverse viewpoints on world events, including independent research into exopolitics, aerial phenomena (UAP), and the historical origins of humanity. We believe in providing a platform for information that encourages deeper inquiry into the world around us.
Disclaimer: The content on Operation Disclosure—including articles, videos, and images—is contributed by our readers or curated for informational and educational interest. Views, opinions, and claims expressed in these posts belong solely to the authors and do not necessarily reflect the official policy or position of Operation Disclosure. We do not guarantee the absolute accuracy or completeness of this content; therefore, we encourage all readers to engage with the material with a spirit of personal inquiry and discernment.
Copyright © Operation Disclosure Official
