Ground Rules For Bankrupt Nations

[ziero0]

Bankruptcy goes in 70 year cycles for nations. The U.S. is 24 years into the current cycle before it plans on going extinct again in 2069. I use the word 'plan' deliberately because insanity is defined as doing the same thing over and over and expecting a different result.

The Australian nation completed its cycle last year so gets another 70 years to prove itself worthy. All other nations are faced with the same rules but I've yet to find a reliable source for where they are in the cycle.

Bankruptcy is an accounting thing but perhaps best viewed as an extinction level event. Saddling the current cycle with inefficient rules from past failed cycles merely perpetuates these outcomes. Don't just keep doing the same things. Try something different for a change.

Bankruptcy is creditor created. It is the status a creditor assigns his debtor who fails to perform. You might think that eliminating the creditor would interrupt the process but debts just get transferred to estates where the inheritor gets 21 years 9 months to claim his estate.

[ziero0]

Creditors are created. For every creditor created there is an associated debtor. They must be created in pairs.

How do you create a creditor? You ask for something and promise to pay later. Roosevelt created a bundle of creditors and an equal number of debtors in 1933 to kick off the last bankruptcy of the U.S. He did this by venturing far from Land into the maritime experience called INSURANCE. He called it Social Security.

People who believe Social Security owes them something are Creditors. They insure that the current bankruptcy cycle will fail (defined as falling victim to the same outcome as Roosevelt's bankruptcy cycle).

In all fairness I don't believe most people volunteered into this creditor-creation process with fully informed intent. They believed their leader/agent. It didn't work out well for them.

This creditor-debtor relationship is one aspect of bankruptcy. Bankruptcy itself is insurance based and Maritime in nature. Bankruptcy is unknown if you opt to remain on Dry Land. Anything that results in Maritime rules apply only to Maritime environments.

Paper money is Maritime. The first year a country issues paper money places Land and Sea on a collision course.

The first U.S. bankruptcy involved Revolutionary War debt owed the French monarchy. The French (creditor) was the French king. He was unable to extract any funds from the U.S. and so sold this debt to King George of England. This put George as creditor paying for both sides of the Revolutionary War. He couldn't lose. Likely planned it this way all along.

If curious just go to Google News Archives and look for any newspaper for a couple years following the end of the Revolutionary War. There are many stories printed of the French asking for debt repayment.

[ziero0]

How do you break the bankruptcy cycle?

Don't become a debtor. Don't create creditors.

Bankruptcy is not survivable. It is not part of the Law of Necessity. You don't need to participate. You do so most likely due to ignorance.

How to avoid bankruptcy (either personal or national)? Contract is a Dry Land concept. Lacking a single element there is no contract but there may be agreement. Equity courts live for agreement. It is how they operate since they cannot recognize a real contract. A real contract is this setting is called a Noun and these Courts of Equity operate only on Verbs and Adverbs. Agents only. Principals need not appear and are actively discouraged from appearance.

Once contract is established honor it. Sounds simple but honor is quite complicated. Hobbes wrote around 10 volumes and covered honor pretty extensively. Dishonor in itself is the beginning of a Maritime excursion.

[Honor here is not used in the Title sense most judges pretend]