National Debt

(click to enlarge)

So here is some food for thought…

We always here about the “National Debt”.   The National Debt currently (Late November 2023) stands at almost 34-TRILLION dollars.  Interest on that debt  (according to the Washington Post) is costing taxpayers $659-BILLION dollars a year, (at the current interest rate (Fed Funds Rate)).  As interest rates rise, so does the burden on the taxpayers, both in taxes you pay and the reduction in spending power due to inflation.   

But… what if I told you that the National Debt is the biggest scam the government ever played on the taxpayer ?   

When the government wants to spend money they don’t have, they “borrow” it… or so they tell us.  And to most this makes sense, because if you and I want to spend money we don’t have… we need to borrow it, right ?   Well, it’s a well-known fact that when the government wants to spend money it doesn’t have… it PRINTS it.  Yes, the government is the only one allowed to print money.  If you or I did that we go to jail. 

Yes, I know, it’s actually the Federal Reserve that “loans” the money to the Federal government… but who controls the Federal Reserve… in reality it’s the federal government.   So, follow along here… the government needs money it doesn’t have so it goes to the Federal Reserve and “borrows” it.  But, where does the Federal Reserve get the money ?  Well, the government of course, because the Federal Reserve cannot print money, only the federal government can.  So the federal government prints the new money and gives it to the Federal Reserve so the Federal Reserve can “loan” it back to them.  Pretty sweet deal right ?  Maybe that is why no one has been able to audit the Federal Reserve.

So… if the government can print money… then WHY does it need to borrow money ???   If YOU had a money printing press in your basement, would you need to borrow any money ?  Of course not.  Why would you borrow money (and pay interest on it) when you can just print what you need in your basement.  It would be just crazy of you to borrow money when it’s free in your basement.  Just think… no mortgage, no car payment, no credit card bills, etc, etc, etc.

If the government is printing it’s own (free) money… then WHY are they telling the taxpayers they are “borrowing” it ?  Well… the INTEREST !  They collect $659-BILLION dollars from the taxpayers for interest on what they “borrowed” and give it to themselves.   The interest payments ($659-BILLION) go on the books as “loan repayments”.  Who knows what they do with it then because as bookkeeping goes, it’s already been accounted for. 

Ever wonder where the government gets the money for the “black-ops” that it is frequently caught doing… it’s probably comes from the slush-fund they call interest payments.  And just to put $659-Billion dollars into perspective… you could buy 3.3-MILLION new $200-Thousand dollar homes.   With the amount of money the US government takes in (so far in 2023) ($4.4-TRILLION) that would buy 22.1-Million new $200-Thousand dollar homes.  That is just a crazy amount of money that the average taxpayer just cannot comprehend. 

The working taxpayer is being fleeced every day, and specially on April 15^th every year.  These interest payments are a never ending pile of money the government can spend and never tell the taxpayer where it went.