For the Treasury to print fake money (our current fiat currency) it has to be “borrowed” from somewhere (the Fed).
This setup is how our economy is based on promises that mean nothing, and how paying down our debt incurred by making fake money would cause the whole house of cards to crash. The answer to our debt problem is not paying fiat currency with fiat currency (a promise with a promise). Ultimate solution is precious metals but it’s probably going to be an ugly one. Big problem.
For the Treasury to print fake money (our current fiat currency) it has to be “borrowed” from somewhere (the Fed).
This setup is how our economy is based on promises that mean nothing, and how paying down our debt incurred by making fake money would cause the whole house of cars to crash. The answer to our debt problem is not paying fiat currency with fiat currency (a promise with a promise). Ultimate solution is precious metals but it’s probably going to be an ugly one. Big problem.