“No one in their right mind will lend to a country with 100 trillion debt.”
No one ever accused the Fed of being in its right mind, but if “dollars” can be “created” by the billions (trillions?) at a time, at no greater cost than to pay an authorized minion, sitting at a computer, to type the numbers, then why not “lend” (at interest) any corporate nation in existence, any amount that they might promise to squeeze out of their
subjects citizens. The only thing worse that could happen, is that that nation fails to pay. Then the bank claims ownership of the bankrupt corporation, and installs its own people in the national offices, to liquidate both the assets (land, infrastructure. etc), and the liabilities (including, perhaps, dissenting citizens) to discharge the “debt.” What’s not to like?
So why do “citizens of THE UNITED STATES (inc.)” owe whatever unrealistic amount their government may choose to “borrow” from its chosen issuer of currency, the privately owned bank cartel known as the Federal Reserve System? Simple: they’re (we’re) part of the collateral on the (unpayable) loan. As a “citizen of THE UNITED STATES (inc.)” you are subject to the laws of the corporate nation to which you, yourself, are subject, i.e., the one headquartered in Washington, D.C. Under its bylaws (called “The Constitution of the United States) Congress has “exclusive legislative jurisdiction” over its territory (and any citizens thereof, including those, wherever domiciled, who claim nationality in the corporation known as”THE UNITED STATES OF AMERICA.”)
All “constitutional” under the bylaws of the corporation ….