If the Fed loaned all the money in circulation to our country, then our country has to pay them back, with interest. To do that the government charges us taxes, fees, fines, etc. Maybe enough to pay the "interest" on the loan. True, we probably owe more to the Fed than to, say, China.
Essentially, short version that is exactly it. And the debt ceiling they keep raising is the interest payment owed to the Fed. And the looming government shut downs are simply what ma6 occur if the government defaults on the interest payment on the "national debt" . A revolving system of debt slavery and servitude.
If the Fed loaned all the money in circulation to our country, then our country has to pay them back, with interest. To do that the government charges us taxes, fees, fines, etc. Maybe enough to pay the "interest" on the loan. True, we probably owe more to the Fed than to, say, China.
Essentially, short version that is exactly it. And the debt ceiling they keep raising is the interest payment owed to the Fed. And the looming government shut downs are simply what ma6 occur if the government defaults on the interest payment on the "national debt" . A revolving system of debt slavery and servitude.
I'm hoping that the Trump administration is putting an end to the Fed and this "revolving system of debt slavery and servitude."