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This is the novel that conservatives
have been dying for.
So … the long and short of this is: our monetary system … that has printed enough money to dilute its value by about 97% (see G. Edward Griffin’s Book “The Beast from Jekyll Island” on the Federal Reserve) as compared to its value in gold …. no longer has the gold to back that 3%.
Our money is worth absolutely zero … in fact less than zero … as we owe a bunch of gold to other countries and individuals that the US government was “holding” for them … that the government stole and sold to cover its debts.
Our government has NEGATIVE money.
We aren’t talking about the national debt due to our government spending on IOU’s where they spend more money than they take in in taxes.
The money they spend is borrowed from the Federal Reserve via deposits in government coffers of printed money.
Every dollar they print has a negative value WHEN IT GETS LOANED TO THE FEDERAL GOVERNMENT because there is nothing backing it and as such it increases the total amount of money we owe to the governments whose gold we stole.
The government is borrowing negatively-valued money to give out more money than it takes in for taxes.
There isn’t a word to describe the logic behind this.