Anonymous ID: ac2196 Dec. 19, 2018, 3:19 p.m. No.4381313   🗄️.is đź”—kun

>>4380865

Simple model for why the US govt can never get out of debt….(Easy to understand numbers)

In the beginning… the US govt when to the Fed Reserve System and said I want to borrow $100. The Fed printed $100 and loaned it to the US govt at 6% annual simple interest( not truthful, just an example). At the end of the first year, the govt owes the Fed $100 plus $6 interest..but there is only $100 ever printed. If you gave the Fed all the money in the world the US govt would still owe $6. Now multiple this by 100 years using compound interest and you can see the true scope of the situation.