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Advise your Kids to Repudiate the Debt

A dad who told his kids about the latest federal government expenditure of their future production got an unexpected response: his poor son – astonished by the news – broke into tears.

Son: “Our money belongs to us. … Is it a joke?”

Dad: “It’s not a joke.”

Son: “Isn’t it? We don’t have any money!”

Dad: “You are going to have to pay back $800 billion of money we are spending.”

Son: “It is a joke!”

Dad: “It’s not a joke.”

Son: “It is!”

Dad: “It’s for real.”

Son: “It’s not. … Don’t talk about that!”

Tell them to Repudiate it

When my son is old enough to understand this, I’ll advise him to repudiate any debts he hasn’t voluntarily taken on. A debt requires a contract – and minors, much less the unborn, can not consent to contracts, never mind that no one is asking their consent.

My son hasn’t consented to the national debt, the entitlement shortfall or any of the various local and state government debts. He’s not benefiting from them either, since government appropriates other people’s money with a credible threat of force to spend it on what the politicians think best, which is usually to bailout their cronies.

Talk to your kids. Don’t let them suffer the slavery of debt their whole lives. Repudiate the debt today!

By George Donnelly

I'm building a tribe of radical libertarians to voluntarize the world by 2064. Join me.

7 replies on “Advise your Kids to Repudiate the Debt”

More Americans Are Saying No to the FED & the National Debt!
Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasuries, the dollar, gold and mining shares.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

The national debt is actually a symptom of a much more subtle and evil process, rather than simply politicians going wild spending money. It goes by a few different names, but one fellow explains it as the compound interest paradox.

http://fskrealityguide.blogspot.com/2007/06/compound-interest-paradox.html

The upshot is that the rules of the monetary system dictate that new money is only created when new debts are issued, and when those debts are repaid, money is destroyed. Since debts multiply and money doesn’t, the total debts of society must exceed the total money in circulation, and further, the gap between total debts and total money will widen, faster and faster, the longer the monetary system is in place.

The monetary system has been going on for quite a while, which means the ratio of debt to money is high, so the government must take on more and more of that debt, lest the population be crushed under it’s load, and worse, figure out what’s going on.

The real solution is to abolish or boycott the monetary system, the national debt is merely a symptom.

Americans are too busy watching tv to care but a lot of them are also in denial because they’re afraid of the truth.

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