The Federal Reserve holds ~$6T of US Debt and China holds ~$1T. That’s $7T of our ~$18T US Public debt. We can decrease our US Public Debt by 38% if we just abolish the Fed and default on Chinese-held US treasuries (think of it as restitution for Covid-19).
Killing 2 birds with 1 stone
Logan Hernandez
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Ian Powell
Joseph Williams
Colton Adams
>implying debt actually exists in a fiat currency
Nathaniel Nelson
>implying debt actually exists in a fiat currency
I wish you were right and that debt does not exist in a fiat currency, but we spent $573 Billion last year in interest alone, I would say this 'exists'
Benjamin Walker
This. The us government can basically just print away the debt AND avoid hyperinflation by saying if you don't accept our currency value, we'll unleash our glow nigger army and nukes on you like a gangster shaking down the local shops. They can also just allow the debt to keep growing forever for the same reason.
Easton Thompson
>They can also just allow the debt to keep growing forever for the same reason.
I have a better idea, let's issue US Notes, slowly recycle Fed Res Notes out of circulation and STOP issuing bonds as currency. Let's establish a national bank or a series of state banks. We need a debt free currency. We just chartered two fintechs last month. Soon primary dealers will be obsolete.
Christian Martinez
Or we can continue doing what we're doing, give free money to banks and large companies, while buying up all the goyim assets and telling them it's nationalism.
Connor Brown
I think a better way of looking at it us by percent, the state prints x, how much it just move around "interest" or actually buy things
Brandon Nelson
>Or we can continue doing what we're doing, give free money to banks and large companies
1/10th of a $Trillion every business day, all day long since September. Must be nice to have that kind of cushion.
pic related the tenth of a trillion dollars that switched hands on Friday alone in the bankrupt shell game that we call Central Banking. Approximately a trillion dollars a week is being spent to keep the financial sector afloat. Also, these funds have NOTHING to do with the stimulus $2T.