Why do they keep threatening to run out of money in Social Security when they stole the money in the first place. Exactly the same question you’re asking.
We borrow money so that it looks like we're not constantly debasing our currency. We're the new Zimbabwe but we don't want others to know this (by now, of course, most of the world knows this anyway, at least subconsciously).
America USED TO have a REAL currency, backed by gold (a $20 bill WAS THE SAME as a $20 one-ounce Gold Eagle coin; you could exchange one for the other at any bank or hardware store. The dollar made a GREAT reserve currency then).
Since the advent of the Federal Reserve and the replacement of gold-backed dollars with "Federal Reserve Notes" backed by nothing but "the full faith and credit of the United States", trillions of dollars have been counterfeited -- created out of thin air by the FED (because "monetary policy"), enriching the Elite in countless ways and draining the hard-earned wealth of the American people who CREATED that wealth by slowly stealing the value of every dollar we earn, save, and spend.
I'm just being Captain Obvious to most of the people here, but a LOT of Americans, including those smart enough to know better, still think the FED is a "necessary" institution instead of a Cabal counterfeiting operation that steals wealth by the trainload from the American people while funding every Cabal program being used against us.
Because we don't want to end up like Venezuela, where paper money is only good for toilet paper.
The more money you print, the less value it has in the market, because it is affordable for everyone and everyone would have their wallets full of money but all that money would have a relatively lower value than what appears on the number of the bill.
The more money you print, the more in debt we become. We have to have something to back the reason for printing more; which we don't have. Not selling products that we used to due to the high cost of inflation and other reasons that I can't think of at this time.
Why do they keep threatening to run out of money in Social Security when they stole the money in the first place. Exactly the same question you’re asking.
They don’t print money. The Fed prints the money, then sells it to the government. This is why it needs to be brought to an end.
..and charges US interest to borrow it.
Correct!
Because every dollar you print is a dollar debt.
Treasury issues the bonds (debt).
Federal Reserve buys the bonds and pays for it by printing the federal reserve notes ("dollars").
These newly printed money is backed by the same Treasury bonds ("debt")
Literally printing our way out of debt with more debt.
Stupidity, greed, malice and more
https://wallstreetonparade.com/2024/02/87-million-buys-this-for-jamie-dimon-david-boies-cant-utter-the-words-jpmorgan-chase-in-a-jeffrey-epstein-sex-trafficking-case/
We borrow money so that it looks like we're not constantly debasing our currency. We're the new Zimbabwe but we don't want others to know this (by now, of course, most of the world knows this anyway, at least subconsciously).
America USED TO have a REAL currency, backed by gold (a $20 bill WAS THE SAME as a $20 one-ounce Gold Eagle coin; you could exchange one for the other at any bank or hardware store. The dollar made a GREAT reserve currency then).
Since the advent of the Federal Reserve and the replacement of gold-backed dollars with "Federal Reserve Notes" backed by nothing but "the full faith and credit of the United States", trillions of dollars have been counterfeited -- created out of thin air by the FED (because "monetary policy"), enriching the Elite in countless ways and draining the hard-earned wealth of the American people who CREATED that wealth by slowly stealing the value of every dollar we earn, save, and spend.
I'm just being Captain Obvious to most of the people here, but a LOT of Americans, including those smart enough to know better, still think the FED is a "necessary" institution instead of a Cabal counterfeiting operation that steals wealth by the trainload from the American people while funding every Cabal program being used against us.
More importantly why do we need to pay taxes?
Because we don't want to end up like Venezuela, where paper money is only good for toilet paper.
The more money you print, the less value it has in the market, because it is affordable for everyone and everyone would have their wallets full of money but all that money would have a relatively lower value than what appears on the number of the bill.
it's all IOU's & interest.
none of it has backing.
Because if you keep printing money you end up with hyper inflation like Zimbabwe or Venezuela
The more money you print, the more in debt we become. We have to have something to back the reason for printing more; which we don't have. Not selling products that we used to due to the high cost of inflation and other reasons that I can't think of at this time.
Either way it's done, I will be so happy when we can WIN back our nation and put things back the way they're supposed to be.