Adding public and private debts together are like counting apples as oranges. They are not the same, because private debts are owed to private individuals and are not a government responsibility. It is the individual who becomes bankrupt in failing to pay his debts, not the government.

Moreover, a bankrupt government becomes a smaller government, a welcome event when governments become so arrogant and powerful that they claim to rule the world. Bankrupt governments rarely start wars as they have few assets to cover the cost.

US “dollars” are mere promises to pay, not payment itself, as the federal reserve note is only a promissory note stating that the debt it represents the government will repay with more promissory notes.

In other words, the US dollar is a massive fraud that is certain to collapse when the rest of the world rejects payment in near-worthless dollars, and that is only a matter of time. The Obama administration knows this, which is why they are seeking to conquer as much territory and foreign assets as they can before the collapse.