Would an America Free of Government Mean Default on $17T in Treasuries?
One of my colleagues recently asserted that ending the U.S. Government would result in a worldwide financial catastrophe because of the default on $17 Trillion in U.S. Treasuries.
Remember, the U.S. Government does not need to close shop for us to regain our freedom. They only need to allow for others to complete with them in regard to regulation, protection, currency, banking, infrastructure, and philanthropy (http://thegreatcompromise.tumblr.com/post/34642025477/how-we-transition-from-statism-to-anarchy). Unfortunately, they are overextended, have a negative cash flow, and need to sell assets to pay their debt.
In the end, however, I no more have a problem with the U.S. Government keeping all of their own property than any other company keeping their own property. My only issue with the U.S. Government is its monopoly and use of force to collect fees to force me to pay their debt. If, in the end, it is just Barack in the oval office with a few of his cronies with no lights because they didn’t pay the power bill and maybe a couple of tanks on blocks in the yard, and they want to homestead the White House, or maybe start a private rights enforcement business, or perhaps a “community organizers for hire” business, and they make the White House their headquarters, and they want to name their private business “The U.S. Government”…well… then I have no problem with the U.S. Government owning property. Hell, let ‘em keep all their property if the free market will bear their fee and they can pay the debt—otherwise, the property should be liquidated or go to the creditors.