The debt must not be paid immediately, it can be paid over many decades (centuries?) Besides, the Fed holds many T-Bonds, so technically this "debt" must not be paid.
Please elaborate on those "$106.5T unfunded national obligations" They don't include welfare or something?
Does the Federal Reserve even have the power to coin money? That power is for Congress under Article 1 Section 8 of the United States Constitution. Some bs going on around here
Given the fact that 72 % of our elected politicians are attorneys. They all seem to argue our constitution are just guidelines... It's only illegal when your caught and unable to negotiate a confidential settlement.
why not print the money straight from the treasury (instead of the fed) and pay off the debt. if worried about hyper inflation why not just lower the reserve ratio or go to a full reserve system in concert. Banks already use treasuries as reserves for loans. What would be the difference if they were replaced with money?
wharehouse is a typo for whorehouse. Also, a cat house is slang for a place of prostitution. Back when I was a pimp, I used to rent out my extra ho's overnight to other pimps that needed ho's.
Then I am even more confused... Why are ho's supposed to be held in storage, as the poster says? Isn't the whole point of having ho's to rent them out? How can that be criminal?
Well you see this cat house a wharehouse of sorts, stores other peoples cats ... would you want me to loan out your cat ,, to lets say to a chinese buffet. Im rure theyr rill rake reel rood rare of rer