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Scary government numbers
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69Cat
Posted 6/20/2024 08:15 (#10780865 - in reply to #10780833)
Subject: RE: Scary government numbers


That's why the fiat currency system with nothing to back it, works so well. Just print more wealth. Who knew you could simply print wealth. But you can. The system is built that way.

And then you have the privately owned and operated central bank in the US specifically to make sure government does not over spend and destroy the currency and so the wealth of the citizens. We can therefore surmise that the debt is not an issue since the Federal Reserve has not done anything to justify the rationale of a private entity to control the wealth created out of thin air.

All is well. The system is working exactly how we are told it is supposed to work.

Used to be the fiat currency system had a means to ensure a country didn't print unlimited wealth. But experts found that system too restrictive to the plans to build a utopian society and so here we are.

Of course, it could be the fiat currency monetary system and those who run it is the root of the problem. But let's take the easy route and just say it is government and forget about the details that enable government to destroy the wealth of the citizens.
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