School is in. Who owns America's Debt.

[Ridge]

If the trend continues the fed and japan will own all of our treasuries.

If you owe the bank $5,000, they own you. If you owe the bank $5,000,000, you own the bank.

[mutt]

why are taxes needed at all? If the fed can print half of what the goverment spends, why cant they print it all?

Control.
Control a man's finances and you have a huge amount of control over the man. If they can't get you with anything else they can always send the IRS after you.

[Zundfolge]

why are taxes needed at all? If the fed can print half of what the goverment spends, why cant they print it all?

Control.
Control a man's finances and you have a huge amount of control over the man. If they can't get you with anything else they can always send the IRS after you.

Additionally it would cause the Ponzi Scheme that is fiat currency to collapse at a much faster rate.

Its taken a century of fiat currency to get us to where we are ... and if we'd just slightly improve our fiscal responsibility and reduce regulation at the federal level we could see our fiat currency last another century. Eventually it will fail, but quantitative easing will hasten the collapse. Of course returning to real money and doing away with the Fed would probably make our currency last forever but that's just crazy talk .

[Zundfolge]

why are taxes needed at all? If the fed can print half of what the goverment spends, why cant they print it all?

Control.
Control a man's finances and you have a huge amount of control over the man. If they can't get you with anything else they can always send the IRS after you.

Additionally it would cause the Ponzi Scheme that is fiat currency to collapse at a much faster rate.

Its taken a century of fiat currency to get us to where we are ... and if we'd just slightly improve our fiscal responsibility and reduce regulation at the federal level we could see our fiat currency last another century. Eventually it will fail, but quantitative easing and other central banking tricks will hasten the collapse.