I wonder how we will be able to get rid of the $38T debt. Maybe we can find some trillionaires who violated our human rights and seize their assets. Or else declare a jubilee.
Unfortunately, it’s not possible to pay off the national debt with Federal Reserve Notes.
Each dollar in existence was created out of thin air by the Federal Reserve and put into circulation. The US debt is basically the total number of dollars created by the Fed and now in circulation.
So, to pay off the debt means no dollars left in the economy. There has to be another currency to use while collecting up all the federal reserve notes and returning them to the Fed.
Lots think this may be bitcoin or some other digital currency, others think we’re returning to a gold standard or bimetallism.
I wonder how we will be able to get rid of the $38T debt. Maybe we can find some trillionaires who violated our human rights and seize their assets. Or else declare a jubilee.
Well theres already 7.7 Trillion thats been recaptured so theres that.
https://www.usdebtclock.org/#
Look at the Bottom on the right side..................
Ye olde debt clock! I forgot about it. It's fun to take another look, thanks.
Unfortunately, it’s not possible to pay off the national debt with Federal Reserve Notes.
Each dollar in existence was created out of thin air by the Federal Reserve and put into circulation. The US debt is basically the total number of dollars created by the Fed and now in circulation.
So, to pay off the debt means no dollars left in the economy. There has to be another currency to use while collecting up all the federal reserve notes and returning them to the Fed.
Lots think this may be bitcoin or some other digital currency, others think we’re returning to a gold standard or bimetallism.