September 25, 2025
Bill Madden wrote:
The Constitution stipulates that real money (not fiat currency) be issued by Congress (not the private consortium of banks called the Federal Reserve). Deficit spending by the government stimulates business activity and is therefore good for the economy but bad for the country – https://www.usdebtclock.org/ – so we have mostly deficit budgets. The interest on our debt is about a trillion dollars a year and most of the debt was created from nothing. Although the Fed creates the fiat currency from nothing to loan at interest into circulation, we have to earn, borrow, inherit or steal the fiat currency to pay the interest and/or to reduce the debt. It is totally unfair but it happens because most of our elected officials are “influenced” to let it happen in spite of their oath to the Constitution. See this.
