Covert Geopolitics

“The economic scheme in the U.S. of creating fiat book-entry money via T-securities in the amount of the principal of the security with a promise to repay the principal PLUS the interest (i.e., deficit spending) is impossible. The interest is never created.

The debt must continually be increased to pay interest on earlier securities or the scheme will collapse.”

View original post 6,863 more words

Advertisements