The Fed prints all money out of thin air then lends it to us at interest. All US dollars are debt from inception. Thats the problem. Trump knows this.
I've got some FRNs in my wallet, no one ever came looking for interest from me. Who do you pay? How much? Where do you mail the check?
“The Fed prints all money out of thin air then lends it to us at interest. All US dollars are debt from inception. “
All of our currency is printed by the Bureau of Printing and Engraving, a branch of the Treasury Dept.
The Federal Reserve purchases bonds owned by commercial banks. This exchanges lendable money for illiquid bonds.
The only interest involved is what is earned on the bond holdings being held by the Federal Reserve. And the vast majority of that goes to the US Treasury. The Fed only gets to keep enough to pay salaries and basic expenses.