2053 MAGA posted 1 year ago by SomeSAHM 1 year ago by SomeSAHM +2053 / -0 132 comments share 132 comments share save hide report block hide child comments Comments (132) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 0 ▼ – EndTheFed2 0 points 1 year ago +1 / -1 Technically, the US is the most in debt country on the planet, something like 31 trillion dollar debt now, not counting unfunded liabilities or whatever they're called? permalink save report block reply ▲ 2 ▼ – WhateverNecessary 2 points 1 year ago +2 / -0 That's the Monopoly Money the government owes, mostly to itself. permalink parent save report block reply ▲ 1 ▼ – EndTheFed2 1 point 1 year ago +1 / -0 The government does not owe itself the Monopoly Money, because it is owed to the private Federal Reserve. permalink parent save report block reply ▲ 1 ▼ – WhateverNecessary 1 point 1 year ago +1 / -0 https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124 permalink parent save report block reply ▲ 1 ▼ – EndTheFed2 1 point 1 year ago +1 / -0 Not to itself. The Fed Reserve is NOT the government, but a private institution. permalink parent save report block reply ▲ 1 ▼ – WhateverNecessary 1 point 1 year ago +1 / -0 Fed ain't gonna be much use if the government stops pretending the Monopoly money has real value. permalink parent save report block reply
Technically, the US is the most in debt country on the planet, something like 31 trillion dollar debt now, not counting unfunded liabilities or whatever they're called?
That's the Monopoly Money the government owes, mostly to itself.
The government does not owe itself the Monopoly Money, because it is owed to the private Federal Reserve.
https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124
Not to itself. The Fed Reserve is NOT the government, but a private institution.
Fed ain't gonna be much use if the government stops pretending the Monopoly money has real value.