Imagine a friend who’s broke asking to borrow money just so they can buy a round for strangers at a bar to look important. You’d probably cut ties, right? That’s kind of what the US does when it borrows billions to fund wars around the world, just print money it doesn’t have so it can feel important, devaluing their coin and making the young go six figures into debt just for going to college.
The wildest part is I realized this while watching a heated debate between Josh Hammer and Dave Smith about Israel, two MAGA. I discovered this video because it’s the most likely reason mossad killed Charlie Kirk according to a video from Ian Carroll.
It started when nixon “temporarily” suspended convertibility of the USD to gold, because France dared to ask for it’s gold back.
The US is like that friend you should stop lending money to and also he will break your legs if actually you stop lending him money.
There is no money printing. The US Government “prints” ie issues, all money is “printed”, always has been.
Then the Gov taxes it back. And banks make you pay back loans. You can’t pay taxes unless you have money, so spending comes first. Spending creates income.
No one ever lends US Govt any money. They make it, China has Dollars because they export to the US, not because they are financing US domestic borrowing.
This isn’t exclusive to the US, it applies to China, Russia and all others too. None of their federal Governments borrow.
