Damus
Micael profile picture
Micael
@Micael
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.
573❤️12🤙2
sati · 4w
So there is a ledger to track who owns who, pretend it is trustfull and keep everybody in their piramid ponzi slave system
Achilles · 4w
Because the us government spends far more than it collects in taxes, finances the gap by issuing treasury debt, and “printing money” to erase that debt would destroy confidence in the dollar through inflation and currency debasement and ultimately threaten the global reserve currency status that...
Rex · 4w
I think the answer you’re looking for goes beyond the monetary expansion from private lending. The government spends more than it takes in and is bound by a statutory architecture: the Antideficiency Act, the rule that Treasury’s account at the Fed can’t go negative, and the prohibition on the...
R · 4w
Nation debt = interest money from the citizens to the creators of the debt. It’s the perfect scam, who would t want that.
Timekeeper VI · 4w
Printing $39T to pay off the debt is like fixing “I’m broke” by printing more Monopoly money. It works great until the store stops accepting it. The debt exists because real lenders, like your 401k, foreign governments, pension funds only hand over actual resources if they trust the dollars ...
TheBitcoinBattery · 4w
By printing 6 - 7% a year, on a debt that only has less than 4% interest. Increasing the money supply and the debt by 7% in a year, debases the real value of all dollars by about the same. So in real terms the value of the debt decreases faster than the interest increases the debt in nominal terms...
Bruno SlingshotVPN · 4w
Scam #1: Debt is selling everyone's future to justify the pressure to work (gov does not work or produce). Scam #2: Everything has a price in dollars (everything is monetised) - it is an artificial reality. Historically lots of things were not available, or not a product, or bartered, and labour no...
Prodigious · 4w
Take in dollars. Issue IOU’s. Dollars>IOU’s
BitcoinconManolito · 4w
Because the fed system is designed to enrich a few people and impoverish the rest. That would not be possible by only printing money without issuing debt.
Silence · 4w
nostr:nevent1qqszyj0frrk2zkyn603py7x5zgn2xegjv7mg6feh6gzrw9xgef2k0lcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3wamnwvaz7tmxd9k8getj9ehx7um5wgh8w6twv5q32amnwvaz7tmjv4kxz7fwvdhkjmn0wvhxjmcpp4mhxue69uhkummn9ekx7mqzyqk5qayj7n3xcdvesvl7u5h2q3w2y5352ufdxmj95gjyca3fvjtecqcyqqqqqqg0qfpr3
utxo the webmaster 🧑‍💻 · 4w
It must be so, it's the only way to create new dollars, when you are the reserve fiat currency you have no choice but to do it
ň̶͉p̸̣͌ȗ̷̮b̷̻͌1̷͖͒z̵̝̀á̸̘p̶̠͌s̸͈̄a̴̬̎t̵̩͑s̸̋ͅ · 4w
Could the US just print baby print? Technically, yes but it would be a total disaster If the Fed bought all 39T in debt and the Treasury spent it, the money supply would increase by 150% instantly Inflation would skyrocket over 60% wiping out savings, pensions and wages The dollar would start to...
CarteBlanche · 4w
The US government isn’t liable to pay a penny of that debt—the taxpayers (slaves) living under the United States’ tyrannical rule are. Imagine holding debt that other people would pay back for you under threat of violence. Big bully energy.
Libertas Primordium · 4w
First, the United States cannot print it's own dollars. That privilege belongs to the federal reserve Bank. What the United States government does to raise money is auction off debt instruments: bonds and T-notes. When the government dumps more of these into the market than the market can absorb, ...
Jay · 4w
It's not debt, that's how much they've printed.
McCoy · 4w
Maple AI gives it a go: "The U.S. could, in theory, change the law and have the Fed directly finance government spending, but doing so would risk the stability of the dollar. The current system—where Congress spends, taxes fall short, and the Treasury borrows from global investors—keeps the curr...
𝑠𝑜𝑙𝑜.𝑓𝑎𝑏𝑖𝑎𝑛 · 4w
Because in 1971 Nixon broke the gold standard and the Fed started to 🚀Brrrrrrrrrrrrrrrrrrrrrrrr
Tico 🇨🇷 · 4w
Because they are parasites
0xD43m0n · 4w
If the USvcan print its own dollars, why does it keep on asking for taxes?
Goob · 4w
There must be debt to give the credit value
Hide&Seek · 4w
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 o...
Andy_R · 4w
Because it delays consequences. If prices go up (printing), you get voted out. Debt pushes the consequence out generations.
Zed · 4w
Printing money devalues the currency. The new printed dollars will never equal the amount of money that was originally lent to other countries/sovereigns (via bonds). So the US settles for putting the interest on that debt onto their balance sheet of necessary expenses. But that number will keep goi...
Deleted Account · 4w
fiat is a virus designed to deplete the life’s energy of anyone that holds it. $39 trillion represents that.
Deleted Account · 4w
It’s $39 trillion worth of false promises and hope given to the working class.
lowkey lowkey · 4w
Because the currency is minted at the Fed, whereas the debt is issued by the Treasury. The Treasury cannot print dollars, and the Fed cannot give dollars directly to the Treasury. Therefore the Treasury’s only recourse when faced with a deficit is to issue debt, some of which the Fed might choose ...
Aldocstr · 4w
It is a system designed to enslave through debt and layers of seigniorage, while the US receives natural resources, food and the production of the enslaved countries. This is the same reason there are taxes when the US could just print, blow off top for inflation created and subjegation and enforcem...
Blockhead · 4w
Short version: To keep you enslaved, poor, and controllable.
Michaelmas · 4w
Its an accounting fraud.
pietre · 4w
The US has a massive debt because it consistently spends more than it earns, but it chooses to borrow rather than print because borrowing maintains the dollar's value, whereas printing destroys it.
gernot · 4w
You can’t pay back dept with dept.
pukka · 4w
To burden future generations with debt so that the 1% can continue their tax free lifestyles
Francisco d Anconia · 4w
Because being the reserve currency of the world <necessarily> means having constant current account deficits. The ever increasing pressure to export dollars implies the need to print them.
Adrian · 4w
The rich rules over the poor, And the borrower is servant to the lender. It's the new way to own slaves. A debt is a shackle, a borrower is a slave, and the lender is the slave owner.
SATsStandard · 4w
The U.S. has debt because borrowing is safer for the dollar than endlessly printing money. It can create dollars, but creating too many would weaken trust, increase inflation, and potentially damage the entire economy.... https://blossom.primal.net/9b5ccb9b8a98853f10673c69498e61b55f8d0f77e19ff70...
Jude · 4w
Power
alex_michaelis · 4w
Many correct answers. Many levels. I think: The system needs and is capable of maintaining power without the collective egregore of “guilt / being guilty.” No one would obey or surrender their energy through time and effort to a figment of the imagination. Both the state and the central banking ...
Riccardo Biffi · 4w
The U.S. has $39 trillion of debt because fiat money is created through debt, and because printing dollars does not erase the real cost of government spending. It only transfers that cost from explicit default to hidden debasement. I'll give more details: when the U.S. government spends more than i...
Jan · 4w
Because it needs at the same time retain the confidence of the masses that it’s paper currency has a value.
Don Dahir · 4w
What's crazy to me is this only accounts to maybe 4-8% of the entire money supply. The vast majority is just plebs burrowing for ANY reason. Every dollar that is burrowed, is dollar created out of thin air, and is owed with interest! Every bank has the power to create money out of thin air. The main...