Boots on the Ground review of the last 6 weeks and my take on what is going to happen.

Posted on July 12, 2022 by Wes Rhinier
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Citizen Joe
Citizen Joe
3 years ago

The Government borrows money from itself to pay the interest on the debt. It pays nothing off of the principal. When the Government raises interest rates, it has to borrow more money, from itself, to pay the interest on the debt. It’s a lose lose situation. The Government is insolvent. Thus, their need for the Great Reset. Break the currency and the economy, then Build Back Better. The war in Ukraine is both the cover and the catalyst. We will all suffer.

Kal
Kal
3 years ago
Reply to  Citizen Joe

Joe, the government doesn’t borrow that money from itself, we borrow it from a private company called the FED and the FED sells our debt to other countries in the form of bonds for the most part. The government does not raise interest rates, that same private company raises those rates. That same company allows the country to be placed in further debt by “letting” the mints keep the paper presses running overtime at full fiat production. Always the top of that green rectangle note in your wallet doesn’t belong to the American government, read it, it says “Federal Reserve Note” it’s the property of a private company.

Citizen Joe
Citizen Joe
3 years ago
Reply to  Kal

Kal, I know the Fed is private. It’s a GSE. Government Sponsored Entity. It functions, in practice, as a government agency. Even though it’s private. I’m pretty sure the government has been buying it’s own bonds, when no one else will buy enough of them.