The US Is Held In The Grip Of Odious Debt Not Incurred By Its Citizens

shiftfrequency.com  October 16 2013

This was too good to leave as just a comment. Thanks, A.L.

debt

The debt our ‘government’ incurred as a result of illegal and unjust wars, false flags, fraud, avarice, and corruption is odious debt and should not be something the American people and their tax dollars should be expected to pay. Odious debt is defined as:

“In international law, odious debt, also known as illegitimate debt, is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.”

“When a despotic regime contracts a debt, not for the needs or in the interests of the state, but rather to strengthen itself, to suppress a popular insurrection, etc, this debt is odious for the people of the entire state. This debt does not bind the nation; it is a debt of the regime, a personal debt contracted by the ruler, and consequently it falls with the demise of the regime. The reason why these odious debts cannot attach to the territory of the state is that they do not fulfil one of the conditions determining the lawfulness of State debts, namely that State debts must be incurred, and the proceeds used, for the needs and in the interests of the State.

Odious debts, contracted and utilised for purposes which, to the lenders’ knowledge, are contrary to the needs and the interests of the nation, are not binding on the nation – when it succeeds in overthrowing the government that contracted them – unless the debt is within the limits of real advantages that these debts might have afforded.

The lenders have committed a hostile act against the people, they cannot expect a nation which has freed itself of a despotic regime to assume these odious debts, which are the personal debts of the ruler.”

It’s not my debt, it’s not your debt, it’s THEIR debt. Let THEM choke on it.

3 thoughts on “The US Is Held In The Grip Of Odious Debt Not Incurred By Its Citizens

  1. Amen!!!!!! The lenders all the way to the vatican/rothchilds need to eat the whole thing and put out of business, never to be allowed to hold any positions that would be detrimental to any and all of the rest of us! Paul, Grayson and BernieSanders are the most factually trustworthy people in gov. I believe!! Great post and way to succinctly put the real blame where it belongs thanks Gillian!

  2. Wow G. Thanks! Ron Paul also promotes the cause of repudiating this odious debt incurred by the ‘government’. The Wall Street bailout, funding for NSA and DHS, bombs and drones, a dysfunctional foreign policy that overruns the rights of sovereign nations, corporate welfare and kickbacks, everything used to destroy our lives and communities to funnel money to the 0.01%, all of it…odious!

    1. Yes, Ron Paul and Alan Gray are both supportive of this position. It is the only one that truly makes any sense. I loved the comment which is why I turned it into a post. Lots of great info here. Thanks again for sharing. Hugs, G

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