The big question to me is from whom did we borrow all this money? Was there a multi-trillionaire somewhere with boxes full of cash or did the banking community just fabricate it out of thin air?
No, Xi bought the US debt bonds. The issuance of the unrestricted debt was done by the Fed in complicent collusion with the communists and socialists in Congress.
China helped balloon the debt buying those debt bonds. If no one buys, [they] have no basis to keep printing valueless currency.
They create it out of thin air with fractional reserve banking which was once illegal. Their so called money is created with debt from nothing to back it.
Watch the video by Chris Martenson on how money created.
The big question to me is from whom did we borrow all this money? Was there a multi-trillionaire somewhere with boxes full of cash or did the banking community just fabricate it out of thin air?
His name is Xi
No, Xi bought the US debt bonds. The issuance of the unrestricted debt was done by the Fed in complicent collusion with the communists and socialists in Congress.
China helped balloon the debt buying those debt bonds. If no one buys, [they] have no basis to keep printing valueless currency.
They create it out of thin air with fractional reserve banking which was once illegal. Their so called money is created with debt from nothing to back it.
Watch the video by Chris Martenson on how money created.
https://www.youtube.com/watch?v=qIxhsF6JLEA
Quite right. Whan was the last time anyone went to a bank for a loan only to be told that they would not be getting a new delivery until next week?