‘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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  • Brockland A.T.

    Totally agree.

    The only thing that is worrisome about all this talk of returning to sovereign money, is that it may just end up being used against sovereign debt, and not directed to building real public goods and services.

  • I switched my mind on taxes. I’m more of a “liberal” in that I’m for health care for all, education for all, etc…

    BUT…I think I realized half the tax pie is the Pentagon and half the social things I’m for. And I think if we stopped taxes, a by-product is workers control their money instead of getting it JACKED from their wallet-paycheck, Americans would work out the social programs with their own money and give ZERO to the Pentagon. Who would donate voluntarily their money to which of these things: the Pentagon or Social (health care, education, etc…).

    The net result is: the 99% would voluntarily upkeep the Social programs, and the 1% would be the only ones donating to the Pentagon, thus exposing that the Pentagon works for the 1% (FOREIGN and domestic, btw…Social is only Americans).

    But as it is, they purposely JACK our pay via taxes and give HALF to the Pentagon. Then when we need “AUSTERITY”, they always cut the Social half and don’t touch the Pentagon half.

  • Buddy

    No ,no!! I watched the videos and they all have high ideals and have obvious answered on how to fix
    the current monetary system. It isn’t that it can’t be done , it won’t be done until the people have real justice and enforcement to make sure it is done. No more talk!!! Those on the take ,those who make billions of
    Illegal gains on the backs of the people are not going to give up what they have been taking all along.
    The criminals in government and the cartel of fascist,mafia corporate elitist must be routed out .
    Why do you think Russia and China are setting up a new system?? Because they want no part of the corrupt Western Rothchild/ Rockerfella system. This includes the head corruption of the Imf, F.R. And the BIS . Let’s get real and call this what it is!!!

    • Carl_Herman

      I agree, Buddy. You missed this sentence, and a major theme of my writing as a leading advocate of arrests: “Importantly, please confirm that what we receive for economic leadership is literal criminal fraud:”

  • diogenes

    Thank you Carl Herman. This is right on the money, so to speak.

  • Buddy

    Ok then Carl, let’s hope the arrest begin soon and are not covered up and force main stream media to do their job and report on it. Tell oreilly and hannity to get off their backsides and report the truth. Tell Anderson to go back and work the back country for the CIA .

  • Frediones

    America and the rest of the world is FUC”!””!”.

  • ejhr

    Just remember, the “national debt” i.e., the sum total of all treasury securities held in the Federal Reserve bank, that $18 Trillion, is actually a sign of WEALTH. The money tied up in this debt is the savings of all the banks and investors who have bought the government’s bonds. The Treasury stashes them in interest earning savings accounts at the fed. The FED DOES NOT SPEND THIS MONEY. The government never needs to borrow or save its own money. It simply pays its way every day buying what it needs and plans. When the bonds mature they are simply re-credited back to the investors via their cheque accounts at the Fed. Problem solved, debt repaid. Simple!