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Monday, June 26, 2023 11:22:49 PM
Except the dollar isn't paper money. The dollar is debt.
When the govt borrows money from the federal reserve they create money.
Then the money goes to the banks.
When we borrow money for a car we are creating money.
When we borrow money for a house we are creating money.
When we borrow money for school we are creating money.
When we take out a personal loan we are creating money.
When we save money in our 401k's pensions and savings accounts we are saving debt money.
All money is debt and it is all collateralized.
If all our dollars went to the value of zero there would be no assets left. There would be no 401k's no pensions, no savings. All the dollars in existence would disappear. All dollars are debt. They are all borrowed into existence.
They are not just printed up and dumped into the economy. They are BORROWED into existence. They are signed for. Collateralized. Promised to be paid back.
The system is far more complicated that just paper money dumped into the economy. It is a system of debt. All money is debt. All debt is money. Our national debt is the worlds dollar supply. It is all borrowed into existence. The only way dollars are created is by SPENDING them into existence. If there was no national debt there would be no dollars in existence. All money is debt!
The only way all money could possibly go to zero is if every loan holder in the entire world would default on their loans at the exact same time. It is impossible. All our dollars are collateralized. Our signatures back the money supply.
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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