Welcome to General Chat - GAW Community Area
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Certainly! The economic side of things drove my awakening. I had a mental break, when I realized just how much wealth was being stolen from us. That and how every war was a banker's war...
Answer to the first part: all dollars are created at the Federal Reserve. But dollar creation (a loan) first requires an asset, which is the land owned by the US Corporation. The US Corporation uses the US Treasury (UST) to issue a bond (an asset) comprised of physical goods like land to the Federal Reserve (FR) who then issues liquidity (debt) in the form of dollar-denominated Federal Reserve Notes. That debt must be repaid. But it mathematically can't be repaid, so it must be refinanced. Hence the $38T in US debt...
Back in 2024, as I'm sure you remember, DJT spoke very aggressively about tariffs and their implementation date. Moneyed institutions (like Blackrock, State Street, and Vangard) began to take their money out of stock-based positions (equity positions) in globalist companies that benefited from the status quo. As a consequence, the market went down. Then DJT changed his mind and delayed the implementation of tariffs. So, the reverse situation happened. Then DJT pivoted again! Etc etc etc.
To institutions, the perceived chaos was highly uncertain. If there's one thing that corporations hate, it's uncertainty. So the major institutions began to buy US Treasuries, aka, they began to trade their buying power now for an asset (US Debt) and guaranteed income (interest payments) for a duration. Because demand for US Debt increased, DJT could secure favorable rates for debt financing AND Wall Street gets collateral. Win - win!
Here's the answer to the second part: Wall Street is a den of robbers and gambling addicts. They don't treat debt like you and I do; they borrow money, buy assets, use those assets to borrow more money, then they gamble to earn money, then the cycle repeats until they "die." All that matters to the financial system is that the Wall Street players A) make their minimum debt payments and B) have collateral for new loans to pay their old debt. Nevertheless, Wall Street players remain stewards... as they have been for centuries. Their gambling costs them nothing & us everything, but DJT can't stop it without shattering the system and causing massive pain.
It's a very confusing topic. I left out many details. Feel free to ask more questions.
usdebtclock(dot)org has had good pdfs on this topic.