us taxpayers paid the irs $562 billion in interest alone in fiscal year 2021 to borrow the federal reserves debt-based currency out of thin air in the form of bond debt $562 billion ($562,000 million) pic related how it is: > us government needs currency  > us treasury prints up some bonds > ny federal reserve creates federal reserve notes out of thin air and its primary dealers then buy said bonds from us government > us government now has new currency created out of thin air by fed banks > now, us taxpayers owe interest (and principal) on said us bonds, as well as paying a fee to the nyfeds shareholders, the primary dealers (the big banks), this is the public issues portion of the us public debt  how it should be: > congress makes annual budget > tax revenues are collected and any budget shortfall (deficit) is then new debt-free us notes issued by the us treasury itself, no bonds needed, no us public debt to issue our own currency are americans ever going to realize this fraud? > when a generation sells the futures of their country and their offspring for unsustainable and lavish wealth and their offspring are too stupid to realize it
United States