Borrowing money and printing money puts the same amount of currency into the economy. And printing doesn’t have to be physical. Deposit new currency into banks (government account) with a small amount of interest and then the banks can make loans based on the deposits.
Also consider that government land is an asset. And the resources from that land is an asset.
People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest ...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill.
The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way.
It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Thomas A. Edison
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You can't show proof of reserves with this system with any physical asset. That's how we were pulled off the gold standard.
Only asset class capable of showing 100% proof of reserves is Bitcoin.
Borrowing money and printing money puts the same amount of currency into the economy. And printing doesn’t have to be physical. Deposit new currency into banks (government account) with a small amount of interest and then the banks can make loans based on the deposits.
Also consider that government land is an asset. And the resources from that land is an asset.
Was there ever a need to borrow????
Exactly the question...
People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest ...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Thomas A. Edison permalink report delete edit
This is all a larp.
You can't show proof of reserves with this system with any physical asset. That's how we were pulled off the gold standard. Only asset class capable of showing 100% proof of reserves is Bitcoin.
New U. S. debt clock
https://www.usdebtclock.org/
https://twstalker.com/echodatruth/status/1811777866826142082