‘Developed’ nations now $50 TRILLION in debt; literally, figuratively bankrupt for infrastructure, public services

4-minute video: Ready to rise from your economic slavery?

I continue to factually assert that Benjamin Franklin already “discovered” government can operate without taxes, these superior mechanics were considered so important by Thomas Edison and Henry Ford that they dedicated their 1921 summer vacation as a media tour to communicate directly to the public, and Yale economist Irving Fisher found 86% of economics professors across the US in agreement that creating debt-free money for direct payment for public goods and services is superior to our system of creating what we use for money as debt owed to private banks.

I also factually assert that the US $18 trillion debt, and the so-called “developed” and “leading” nations have total central government debt pushing $50 trillion ($50,000,000,000,000; the linked graphic updated with 2015 data). This accelerating debt is directly connected to these “former” colonial nations creating what is used for money as debt through bank oligarchies. These mechanics are like adding negative numbers forever; causing ever-increasing and unpayable aggregate debt.

Two minute video for you to visualize the US national debt:

This system we have is literally and figuratively bankrupt.

It’s also literally irresponsible (unable to respond) in face of deaths from preventable poverty since 1995 being greater than all wars and violence in recorded human history.

Better read the above sentence twice.

Now, please experience the feeling of what kind of leadership would allow ongoing and staggering numbers of children to suffer slow and gruesomely painful deaths when solutions are known, easy to apply, and all for less than 1% of the so-called “developed” nations’ income.

Maybe that kind of “leadership” is expressed by three former US Treasury Secretaries interviewed by Sheryl Sandberg, a former Chief of Staff for a fourth former US Treasury Secretary in this one-minute exchange with grandiose laughter about their euphemism for poverty, “income inequality”:

Importantly, please confirm that what we receive for economic leadership is literal criminal fraud:

I could go on to literally ~100 areas of crucial concern.

Please understand that I represent likely hundreds of thousands of professionals making factual claims with objective evidence anyone with a high school-level of education can verify.

The Emperor’s New Clothes obvious pathway out of these mechanics of our “debt system” (yes, the Orwellian inversion of a monetary system) is to start creating debt-free money (a positive number) for the direct payment of public goods and services. I have three academic papers to walk any reader through these facts; an assignment for high school economics students, one for Advanced Placement Macroeconomics students, and a paper for the Claremont Colleges’ recent academic conference:

Teaching critical thinking to high school students: Economics research/presentation

Debt-damned economics: either learn monetary reform, or kiss your assets goodbye

Seizing an alternative: Bankster looting: fundamental fraud that “debt” is “money”

Congressmember Dennis Kucinich explains monetary reform in 1 minute:

American Monetary Institute’s Director, Stephen Zarlenga, explains monetary reform in 4 minutes:

And noted economist Dr. Michael Kumhof explaining in detail from his presentation to the Eastern Economic Association in two 30 minute videos:

Bill Still explains monetary reform to end the US history of “Bank Wars.” in this 4-minute introduction of his documentary, The Secret of Oz:

Leading banking reformer, Ellen Brown, explains public banking in 30 minutes:

Wall Street insider Nomi Prins (and here), former Goldman Sachs Managing Director, explains what she says are the “no-brainer” benefits of credit reform in this 35-minute talk to the Public Banking Institute’s 2015 Banking on Colorado Conference:


Note: I make all factual assertions as a National Board Certified Teacher of US Government, Economics, and History, with all economics factual claims receiving zero refutation since I began writing in 2008 among Advanced Placement Macroeconomics teachers on our discussion board, public audiences of these articles, and international conferences. I invite readers to empower their civic voices with the strongest comprehensive facts most important to building a brighter future. I challenge professionals, academics, and citizens to add their voices for the benefit of all Earth’s inhabitants.


Carl Herman is a National Board Certified Teacher of US Government, Economics, and History; also credentialed in Mathematics. He worked with both US political parties over 18 years and two UN Summits with the citizen’s lobby, RESULTS, for US domestic and foreign policy to end poverty. He can be reached at Carl_Herman@post.harvard.edu

Note: Examiner.com has blocked public access to my articles on their site (and from other whistleblowers), so some links in my previous work are blocked. If you’d like to search for those articles other sites may have republished, use words from the article title within the blocked link. Or, go to http://archive.org/web/, paste the expired link into the box, click “Browse history,” then click onto the screenshots of that page for each time it was screen-shot and uploaded to webarchive. I’ll update as “hobby time” allows; including my earliest work from 2009 to 2011 (blocked author pages: here, here).


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