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To: tired&retired
We cannot tax enough to pay the interest on the debt.

But it's not enough to pay just interest on the debt. When a t-bill matures, the creditor must be paid in full (principle + interest). All the debt must be paid back, or else there's a default.

The solution will be for the Federal Reserve to print money to pay creditors. That process began in 2009 and accelerated in 2020. Take a look at the Fed's M1 and M2 charts. We're in the beginning of the end.

16 posted on 12/19/2022 5:49:13 AM PST by Right_Wing_Madman
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To: Right_Wing_Madman
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation".

-Vladimir Lenin

19 posted on 12/19/2022 6:11:02 AM PST by Theoria
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To: Right_Wing_Madman

Totally agree with everything you said.

Add to your comment... “and the more they print money, the higher the inflation, and the higher the intetest on the debt.”

It’s a spiral


41 posted on 12/19/2022 9:42:40 AM PST by tired&retired (Blessings )
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