Quoted By:
US taxpayers paid the IRS $562 Billion in interest alone in fiscal year 2021 to issue our own currency out of thin air in the form of bond debt
$562 billion
($562,000 million)
Pic related
How it is:
>US government needs currency
>US Treasury prints up some bonds
>NY Federal Reserve creates Federal Reserve Notes out of thin air and its primary dealers then buy said bonds from US Government
>US government now has new currency created out of thin air by Fed banks
>Now, US taxpayers owe interest (and principal) on said US bonds, as well as paying a fee to the NYFed’s shareholders, the primary dealers (the big banks), this is the ‘Public Issues’ portion of the US Public Debt
How it should be:
>Congress makes annual budget
>Tax revenues are collected and any budget shortfall (deficit) is then new debt-free US Notes issued by the US Treasury itself, no bonds needed, no US Public Debt to issue our own currency
Are Americans ever going to realize this fraud?
>when a generation sells the futures of their country and their offspring for unsustainable and lavish wealth and their offspring are too stupid to realize it
