canadas canadas + 136 c May 26, 2020 (edited) With regards to a nation, who is the ultimate authority? Government is supposed to be the ultimate authority. However, government has been eroded by big business interests with the infiltration of government by big business cronies. This has resulted in ballooning government debts that do not benefit it. Debts are something that governments should not have due to their real powers. The only reason why these debts are allowed to be there is to weaken governments and enslave most of the people in the interest of a few who are using the system to their own benefit fully. The government is not debt helpless. See:http://qualicuminstitute.ca/federal-debt/ and https://lop.parl.ca/sites/PublicWebsite/default/en_CA/ResearchPublications/201551E Edited May 26, 2020 by canadas canadas Quote Share this post Link to post Share on other sites
Meredith Poor + 895 MP May 26, 2020 In the US. UK, and Australia, it's Rupert Murdoch. Quote Share this post Link to post Share on other sites
BradleyPNW + 282 ES May 26, 2020 "Who owns the huge and growing U.S. national debt? By and large, Americans."https://www.marketwatch.com/story/heres-who-owns-a-record-2121-trillion-of-us-debt-2018-08-21 Quote Share this post Link to post Share on other sites
Yoshiro Kamamura + 274 YK May 28, 2020 The whole monetary system is nothing but an information layer that is supposed to facilitate efficient allocation of goods and services. However, if it's constantly abused by those who should maintain and administer it, it's no wonder it starts to malfunction. The American debt is nothing but a monetary expression of the unsustainability of the global economy. Quote Share this post Link to post Share on other sites