deficit scheme

Let’s start with a little exercise, everyone, take a dollar bill (or any bill) out of your pocket. OK, on ​​the side that has the photo of the dead president, what does it say at the top? He says, “Federal Reserve Note.” At the bottom, it is signed by The Treasurer of the United States and the Secretary of the Treasury. What exactly do they need per note? According to Webster, a note is “a written promise to pay a sum of money or a written acknowledgment of a debt from which a promise to pay can be inferred.” In other words, your $5 bill is like a government check for $5. In other words, the $5 bill means that Uncle Sam owes you $5.

So now that you know the government owes you $5, go to the treasury and pick it up. Sounds pretty absurd, doesn’t it? Now calculate all the one, five, ten, twenty and hundred dollar bills there are. Now also calculate the ones the bank is setting aside for you (lol) and of course the T-Bills and T-Notes and T-Bonds, yada yada yada. Add all of that up and that’s your national debt, that government has no way to pay for this except with more debt (you cash in your $1000.00 T-Bill and the government gives you $1000.00 in Federal Reserve Notes, which just means You see, up until the 1970s, the US was on the gold standard, which meant our federal reserve notes were worth a certain amount of gold, but President Tricky Dicky took us off Now the reserve notes government are backed by NOTHING, our economy is like Seinfield!

So why are people worried about the deficit? All that means is that the US government didn’t issue as many Federal Reserve Notes as it thought it would have to and more are being printed. BUT IT’S NOT WORTH IT. When we have a surplus, all it means is that the US government issued more Federal Reserve Notes than it thought it would need, you know what? In that case, they wasted paper. The trees paid dearly for the Clinton surplus!

Last year my wife, Karen, father-in-law, Ken, and I visited The Money Factory, just north of Fort Worth TX. This is where they print the Federal Reserve Notes. It was amazing to see them print the five dollar bills per sheet. This operation is done 24/7 all year long, so your money is not only worthless, but also plentiful. Since it’s plentiful and worthless, why not go out and get a bunch of it?