Good rant. Dubious economics that does nothing to advance the point.
The difference between debt and tribute is the ability to enforce your claims with overwhelming violence. No one has the ability to enforce claims against the US so yes, debt doesn't matter. Neither will Canada become a purely extractive economy because the government isn't running surpluses anymore. In fact the motivation of the elite devastating the western economies is perfectly captured earlier in the text: To keep the peasants down. No need to bring out the smelly corpse of fiscal conservatism. Or to talk about free markets as if that wasn't an oxymoron.

Von überall könnte das Volk, Urbrut alles Undemokratischen, Zelle des Terrors, über die gewählten Hüter von Wachstum und Wohlstand® kommen. - flatter