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Comment: So, if you actually look at

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So, if you actually look at

So, if you actually look at the numbers, the government ownership of the debt has gone down. So I don't see how government demand for its own debt is propping up the dollar.

Moreover, if that really was the case, then the markets would reappraise the debt based on the manipulation.

Plus, while there is a lot of nice logic to the idea that the value of the dollar is tied to the debt levels, in practice, there does not appear to be much connection. Little correlation, at least. This is because we no longer exist in a world where the dollar is backed by gold. It is all fiat money. Plus, for the longest time now, the level of money in the economy is disproportionately tied to the power of the banks to create credit.

Plan for eliminating the national debt in 10-20 years:


Specific cuts; defense spending: