A campaign group pushing for Texas to leave the United States and become a fully independent nation has suggested the Lone Star State wouldn’t have to take a share of America’s national debt if it secedes from the Union.
Read More: https://www.newsweek.com/texas-secessionists-appear-change-their-policy-1897495
Professor Matt Qvortrup took a viewer’s question on whether an independent Texas would owe any share of the federal debt. His answer was no. Under international law, he said, a new country has no obligation to take on the debt of the country it leaves. He cited Belgium, which refused a Dutch demand that it pay part of the Netherlands’ debt, and said an attempt to write a treaty forcing new countries to take a share never won enough ratifications to become law.
Qvortrup said he had taken heat in the press for arguing that Scotland could become independent and walk away from the debt. Some countries chose to pay anyway. When Czechoslovakia split, the two new countries divided the debt by population. Ukraine refused its share of the Soviet debt, then started paying so it could borrow from international banks.
A poor new country might need that credit, he said, but an economy the size of Texas’s likely wouldn’t. He came back to the legal point at the end: Texas could become independent and send the bill back.
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Why would we? Seems to me we’ve overpaid the US Government in the past. Why would they not owe us the difference between what we’ve donated to their causes and never got back?
The federal government does not rule us; it was instituted as a co-ordinating entity to synchronize activities of the united countries ( state” is fungible with “country’) for their mutual benefit.
https://en.wikipedia.org/wiki/Enumerated_powers_(United_States)
Studies need to be made as to WHICH federal expenses can be proven to meet the criteria as specified by the Constitution .
It’s certainly one more item to bring to the negotiating table. If the federal system is in such a hurry to forgive student loan debt, they can’t make too strong a case for a seceding state/nation to be burdened by the astronomical national debt.
https://usdebtclock.org/
No reason we should be responsible for debt that continues to grow as a result of DC Capitol Hill’s policies. We do not approve of their policies, and they’re unwilling to make significant changes. That is why it is just a matter of time before Texas becomes an independent nation again.
My deep concern is that our country and state will collapse before we even get a chance at success to divorce from the evil cabal of debt makers and increasing our debt continually. We have already surpassed the benchmark of no return. Here is a great video to share in your TNM meetings and discussion groups. BRICS is hot on the trail of refusal to use the swift system they have built their own system, and new currency exchanges are backed by gold and silver, etc., and/ or natural commodities already . VIDEO :
BEST EXPLAIN OVERVIEW EVER by JAMES RICKARDS MAY 3,2024 ( Rickards book ” currency wars ” is classic )
https://youtu.be/G_oLiWnWNVQ?feature=shared
Video 30 min long
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