Anonymous ID: d765c3 Dec. 12, 2018, 7:08 p.m. No.4285602   🗄️.is 🔗kun   >>5705

>>4285047 lb

 

If you think currency is a “debt” of the government, go and try to redeem your $20 bills for what you are owed. They will exchange the bill for a new bill and retire the old, but the same amount of worthless paper money is still in your pocket. Currency isn’t debt in a fiat currency world.

Anonymous ID: d765c3 Dec. 12, 2018, 7:18 p.m. No.4285801   🗄️.is 🔗kun   >>5866

>>4285705

The 20dollar bill in your pocket receives no interest payment from the government. Bank reserves only started paying interest after 2008 crisis, but that is “money” that only banks can hold.

Anonymous ID: d765c3 Dec. 12, 2018, 7:25 p.m. No.4285918   🗄️.is 🔗kun

>>4285866

The currency/bills printed by the Fed pay no interest.

 

Bank account money created through the commercial banking system is created through the issuance of loans and those loans charge interest.

 

The banks create 10x the amount of money as the Fed in normal times.