If the United States can print its own dollars, why does it have a debt of $39 trillion?
Correct answers only: I’ll give 10,000 sats to the best answer within the next 24 hours.
It used to be monetary sovereign like any other government. But, private banking started to take over 200 years ago. First in England, then everywhere else. This system has its own rules: government do not print money, they borrow it to the bankers who in turn print it for them against a guarantee of paying back. In US it's the FED, which is not public nor federal.
The debt is thus an artificial creation by the banking cartel to secure their dominant position. It keeps growing and growing, and never gets payed back. This is by design.
The debt is thus an artificial creation by the banking cartel to secure their dominant position. It keeps growing and growing, and never gets payed back. This is by design.
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