The only private company that lends $ is the Federal Reserve. And by all accounts America should stop this and start printing its own $ and indicated by its constitution.


Other than above what companies and rich folk "lent" the government money?

This guy is BS.

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Not true.
The treasury borrows money from those with money to invest, other nations, and corporations by issuing and selling treasury bonds...interest bearing IOUs. That's why, when Trump suggests defaulting on them, it's a disastrous suggestion. If we even hint we won't pay on our debt, no one will buy bonds anymore (they aren't a great investment, but are considered "safe" as is, but not if we default) and our government grinds to a halt with no cash and no credit.

The federal reserve is not the only agency to lend money, the treasury prints more of it for the government, making every dollar worth less, but creating the numerical dollars needed to pay for our debts without actually collecting any. This is actually a flat tax, because it takes the same amount of every dollar that exists with no loopholes or escape for anyone with a dollar. If we want to stop this type of taxation, we need to return to the gold standard and stop playing fast and loose with the value of a dollar....imo.

Should have been 6 seconds long....the government spends more than it has as income, and borrow the difference, that's debt. Explanation complete.

The only solution is for the government to create the national money supply. It is the way is should always have been, it puts the representatives of the people back in charge so they can actually represent the people.

I was incorrect and a bit over reacting.

To me he makes it sound like rich people an corporation directly lend $ as apposed to buying bonds and such.

Semantics... buying a bond is directly loaning the government money, usually for a specified purpose, like most loans.

It seemed to me that the longer explanation was meant to illustrate the fact that the Government allowed itself to be hoodwinked into this scheme to further enrich the wealthy and put the Government into debt. Rather than simply taxing the wealthy like it should have been doing in the first place.

It's almost as if the chinless, inbred inheritees of slavery and imperial bloodlust are so stupid and greedy they'll run the society that surrounds them into the ground for an extra few % a year on their already insanely swollen ill-gotten gains.

Good job they're not such assholes with the environment or the whole planet would be screwed..