Reply #12: He's pretty much promised a default on those T-bills [View All]

[Warpy]

All the money has been long looted and squandered. They just keep reissuing those T-bonds, paying the interest every time they turn over. The whole shell game keeps going because of the interest those bonds are generating. It will collapse as soon as people try to cash them in at maturity and retrieve the principal.

The principal is long gone, used to fund the Imperial military in the absence of support from the class that benefits from it: the rich.

It's an unsustainable system. Whether working class people will stand for being screwed out of all hope for any sort of retirement is anyone's guess.

In any case, the first step to regaining long term solvency will be to take our overpayments OUT of the general fund.