Whose debt is it? If an entity spends money they will supposedly take from you in the future and you have no say over the spending, do you owe that debt?
In the Federal Reserve system, all new money is issued as debt with interest owed - therefore the debt will always increase over time. It cannot be paid back in full since more debt is created than money. The only way out of the debt spiral is a solution that is outside the confines of the system, huge amounts of negative interest rates, or for those profiting from the interest to be the ones that also owe the debt.
Whose debt is it? If an entity spends money they will supposedly take from you in the future and you have no say over the spending, do you owe that debt?
In the Federal Reserve system, all new money is issued as debt with interest owed - therefore the debt will always increase over time. It cannot be paid back in full since more debt is created than money. The only way out of the debt spiral is a solution that is outside the confines of the system, huge amounts of negative interest rates, or for those profiting from the interest to be the ones that also owe the debt.
Same concept of newborns acquiring debt when they are born. Pure evil