Vous êtes sur la page 1sur 3



PressTV's questions all concern debt expressed in fractional reserve fiat currencies
issued by the central bank members of the private Bank for International Settlements.
But the BIS members owe over 2 quadrillion dollars from compounded interest due
under Treaty of Versailles Bonds issued by the Federal Reserve Bank.
I am showing you links to two files concerning these bonds, which offset country debt:

The private central banks are insolvent when their debt of 2 quadrillion, held by the
Global Debt Facility, is taken into account. I am the Overseer Mandate Trustee of the
Global Debt Facility which holds the 2 quadrillion in Treaty of Versailles bonds issued
in the 1930's. It is my responsibility to address the debt owed by the central banks
as well as other debt.

1) The US national debt is getting close to $22 trillion. This is a little larger than the
size of the US economy. Financial experts warn that the impact of the rising national
debt and federal deficit is very real. Where is the flood of red ink coming from? And
how does it affect the economy?

2) The total debt jumped 85 percent to $10.6 trillion during former President George
W. Bush’s two terms, another 88 percent to $19.9 trillion under President Barack
Obama and is continuing to balloon under President Trump. Why has the national debt
crisis become a political no man’s land that neither party is willing or able to tackle?

3) The terms deficit and debt often appear together in government reports on the US
economy. The two concepts are different but are closely intertwined. In other words,
the federal government must borrow more in order to cover its years of budget
deficits. The Treasury is set to borrow $1 trillion this year to finance the deficit. This
follows tax cuts and government spending increases under the current administration.
Is the economy growing at the expense of the rising deficit? Wouldn’t that upset the
growth in the long run?

4) The deficit, as large as it is now, amounts to 3.9 percent of GDP. But the
Congressional Budget Office forecasts the deficit will steadily grow and reach 9.5
percent of GDP in 2048. Experts say the deficit trajectory will likely bring a major
financial crisis if not a political one if not addressed. What is your analysis?

5) Things haven’t always been this bad. In 2000, the federal government had a surplus
of $236 billion, according to the Treasury Department. But the deficit hit $779 billion
in the fiscal year that ended September 30. If one looks at the trend, things started to
go south since the US launched the post 9/11 wars. How much of the crisis do you
attribute to the US foreign policy and military interventions?

6) The rising debt and deficit is not caused by a shortage of revenue. Rather it is the
result of increased government spending. Some point the finger at Social Security,
Medicare, Medicaid and other health-care programs. Many Republicans say Congress
should target those programs for cuts to address the debt issue. The debate comes
amid tax cuts for corporations and the wealthy. How do you connect the dots? Is
cutting social programs the answer?


On Tuesdays at 7:00 pm EST http://dctv.org/Live


interviews: https://s3.amazonaws.com/khudes/Bibliography1.pdf