there are four ways currency is created in the us: 1 congressionally-approved public issues treasuries for deficit spending via the issuance of marketable us treasuries by the nyfeds primary dealers aka debt held by the public (now ~$35 t), as seen here   2 intragovernmental debt gas securities (aka unfunded liabilities) that are created/issued for currency to run public agencies (over $152 t now) and are purchased with your payroll taxes, as seen here    3 the commercial tier 2 depository banking sector, it makes small loans in which only the interest remains in the banking system after the loan is paid back (the principal and repayments are destroyed when the loan is repaid) this can remain when the fed is dissolved 4 qe, this is fucking counterfeiting by the nyfed's primary dealers since 2008 via ioer (now called iorb) and we pay all sorts of interest on this, increasing every day with raising rates, as seen here     and in pic rel
United States