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re: Interest on the debt is 60% of the Amount taken in by the Treasury in February
Posted on 5/9/24 at 9:42 pm to RiverCityTider
Posted on 5/9/24 at 9:42 pm to RiverCityTider
How exactly do we have debt when we print our own currency? Why do we pick and choose when we inject/remove currency from circulation? Sounds like this has been planned in advance.
3
Posted on 5/9/24 at 9:46 pm to gmac8604
Debt is Treasury Bonds and Bills outstanding. Money supply is currency, bank deposits etc.
Posted on 5/9/24 at 9:50 pm to gmac8604
quote:
Sounds like this has been planned in advance.
100% planned.
quote:
How exactly do we have debt when we print our own currency? Why do we pick and choose when we inject/remove currency from circulation?
Because we allow it.
Posted on 5/9/24 at 9:57 pm to gmac8604
quote:
How exactly do we have debt when we print our own currency?
Because even the act of printing fiat currency must be secured by credit.
Best visualized by Exeter’s Pyramid:
Gold sits at the bottom, ultimately “backing” all forms of credit resting on top of it …. and providing trust to the financial system.
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