Our current economic system is causing our debt. The federal reserve a part of our government (really more of a private organization) owns 100% of our debt. When "new money" is created the federal reserve prints federal reserve notes and in turn we print our own fancy pieces of paper called bonds we trade those bonds for the federal reserve notes. However in almost all cases this is done through a computer. The federal reserve in turn owns our debt and sells our debt, that is why we owe China. Now if you havent already figured out these bonds are basically IOU's the government promising to pay it back to the federal reserve. However what would be the point of a loan without interest?
Exactly we owe more dollars than are in existence! INSANE. every dollar is owed to someone else .
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