Because of the existing deficit, plus current spending, the country is in the red. America has been in the red since the inception of the Central Bank.
We never really made "income". We pay interest on every cent and dollar that we print. Say for instance that the Central Bank charges the American People 50% interest on every dollar printed. That means we print only 50 cents for every dollar printed. We run a deficit every time we print money, or make coins.
Remember, that's a Federal Reserve note, NOT a TRUE American Dollar.
Spending will count once off the central bank system.
We never really made "income". We pay interest on every cent and dollar that we print. Say for instance that the Central Bank charges the American People 50% interest on every dollar printed. That means we print only 50 cents for every dollar printed. We run a deficit every time we print money, or make coins.
Remember, that's a Federal Reserve note, NOT a TRUE American Dollar.
Spending will count once off the central bank system.
Because of the existing deficit, plus current spending, the country is in the red. America has been in the red since the inception of the Central Bank.
We never really made "income". We pay interest on every cent and dollar that we print. Say for instance that the Central Bank charges the American People 50% interest on every dollar printed. That means we print only 50 cents for every dollar printed. We run a deficit every time we print money, or make coins.
Remember, that's a Federal Reserve note, NOT a TRUE American Dollar.
Spending will count once off the central bank system.
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