Brady's power-point on Public Debt

Overview
Hello this is the overview page for this presentation.

In this presentation I want to showcase the evidence that I’ve come across that
supports the main thesis and which has influenced the modified sub-thesis.

Parts:
Overview
A - Without public debt what happens?
B - Who’s holding all the public debt?
C - Why government growth would be much more difficult without debt.

Main thesis:
• Most of what the government does that is immoral would be impossible without fiat
currency.
Sub-thesis:
• It is impossible to sustain the IMC (industrial military complex) at the size and power it is
now without fiat currency.
• Growth of the IMC is much more difficult without fiat currency.

A. Without public debt, what happens?

• What happens is that all current aspects of the government
must shrink by an average of 1/3. Take 2011 for example:


• This is the distribution of all the actual money spent in 2011
by the US government.

http://www.usgovernmentspending.com/federal_budget_actual


• Here is the total: 3.6 trillion dollars with the most being spent
on defence at nearly 900 billion dollars.

3.6 trillion



• The amount of this 3.6 trillion total which was paid for
through debt was over a third at 1.3 trillion.

1.3 trillion


So without that 1.3 trillion dollars of debt, what
happens?

• Well at least a third of the government must be cut. You can guestimate where
you think it would be cut, but I think it’s fair to guess, given the lack of information on the
subject, that it would be cut pretty evenly across the board.

• Rough estimation: If the Military Industrial complex were cut by a third, it could be said to
save maybe 1/3 of the lives it takes each year.

B. Who’s holding all the public debt that
makes this happen?

makes this happen?
As you can see each year, the government accumulates more and more debt that’s
summed up in 2011 at just under 15 trillion. Currently, as of September 15th, it’s just over
16trillion (http://www.brillig.com/debt_clock/) (http://www.usdebtclock.org/).

makes this happen?
This is useful to look at because by using this total, we can get an idea of where the
accumulated 16 trillion dollars of debt has come from.

makes this happen?
Biggest Holders of US Government Debt
By Paul Toscano | CNBC – Fri, Feb 3, 2012 8:48 AM EST
http://finance.yahoo.com/news/biggest-holders-of-us-gov-t-debt.html
1. Federal Reserve and Intergovernmental Holdings
U.S. debt holdings: $6.328 trillion

2. China

3. Other Investors/Savings Bonds
U.S. debt holdings $1.107 trillion

4. Japan

5. Pension Funds
U.S. debt holdings: $842.2 billion

makes this happen?

U.S. debt holdings: $6.328 trillion How many wars can this fund?
Iraq @ 0.807(T): 7.8 wars
2. China Afghanistan @ 0.566(T): 11.2 wars


4. Japan

5. Pension Funds

makes this happen?

U.S. debt holdings: $6.328 trillion How many wars can this fund?
Iraq @ 0.807(T): 7.8 wars
2. China Afghanistan @ 0.566(T): 11.2 wars
Central Banks: 8.498 trillion
(more than ½)

4. Japan

5. Pension Funds

Part C – Why government growth would be
much more difficult without debt.
• The main reason for this is that people don’t have much to any incentive to
stop the growth of the government when the increase in spending is done
through debt. People’s price of living goes up because the central banks are
debasing the currency to buy most of the debt and their children are being
born into an impossible amount of debt. But this does not make the majority
of the population riot. However in 2011, if the spending was paid for directly
through taxation , their taxes would have to be raised by 56.5% of what they
are now to accommodate the increase from 2.3 trillion in tax revenue the 3.6
trillion spent. I can see the riots happening now.

• The government knows this because we can observe that, in the last 6 years,
almost no new tax based spending has been done even though total fiscal
spending has risen nearly 1 trillion per year.

Part C – Why government growth would be
much more difficult without debt.
• The main reason for this is that people don’t have much to any incentive to
stop the growth of the government when the increase in spending is done
through debt. People’s price of living goes up because the central banks are
debasing the currency to buy most of the debt and their children are being
born into an impossible amount of debt. But this does not make the majority
of the population riot. However in 2011, if the spending was paid for directly
through taxation , their taxes would have to be raised by 56.5% of what they
are now to accommodate the increase from 2.3 trillion in tax revenue the 3.6
trillion spent. I can see the riots happening now.

• The government knows this because we can observe that, in the last 6 years,
almost no new tax based spending has been done even though total fiscal
spending has risen nearly 1 trillion per year. Here’s why:

If we can look at this we can see that from 2006 to 2011, total spending has increased by
almost 1 trillion. Lets take away what we don’t need to see.


Now you can see that just as the rate of spending has increased by just under a trillion,
so exactly has the rate of deficit! So what this means is that in the past 6 years, all the
Increase in spending has been accounted for by increasing the rate of deficit.

It’s like going into a store with the same amount of cash as before but now spending 30%
more by making up the difference with your visa.

Deficit financing, through debt bought largely from the printing of fiat currency by criminal
Institutions such as the federal reserve, has made it possible for government to grow
and sustain itself at the size that it is now as well as make it possible to continual growth in
the future.


What does an increase in a trillion dollars look like?
(not very important but I found it cool)


http://www.pagetutor.com/trillion/index.html

We'll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation.
Most everyone has seen them, slightly fewer have owned them. Guaranteed to make friends
wherever they go.


A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000. Fits in your
pocket easily and is more than enough for week or two of shamefully decadent fun.


Believe it or not, this next little pile is $1 million dollars (100 packets of $10,000). You could stuff
that into a grocery bag and walk around with it.


While a measly $1 million looked a little unimpressive, $100 million is a little more respectable.
It fits neatly on a standard pallet...


And $1 BILLION dollars... now we're really getting somewhere...


Next we'll look at ONE TRILLION dollars. This is that number we've been hearing so much about.
What is a trillion dollars? Well, it's a million million. It's a thousand billion. It's a one followed by
12 zeros.
You ready for this?
It's pretty surprising.


12 zeros.
You ready for this?
That’s on top of the original 2.6 trillion back in 2006.


12 zeros.
You ready for this?
That’s on top of the original 2.6 trillion back in 2006.

How much better are you enjoying your government services now 6 years
later in 2012 when THIS^ has been added?...uh not much?...really?

Brady's power-point on Public Debt

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Brady's power-point on Public Debt