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  1. Oct 2024
  2. www.youtube.com www.youtube.com
    Finding the Money
    1
    1. PaulMooney 11 Oct 2024
      in Public

      50:32 Currency is the governments I.O.U. 52:04 When the government gets its tax, it no longer has the debt so it burns the currency which was an I.O.U.

      Currency is the governments I.O.U. The US Dollar is a US Tax Credit The currency itself is the governments debt The dollar bill is a debt of the federal reserve Federal Reserves are on the Liability side of its balance sheet When tax is paid it no longer has teh debt When the government gets its tax, it no longer has the debt so it burns the currency which was an I.O.U.
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    • The US Dollar is a US Tax Credit
    • When tax is paid
    • Federal Reserves are on the Liability side of its balance sheet
    • it no longer has teh debt
    • Currency is the governments I.O.U.
    • The dollar bill is a debt of the federal reserve
    • The currency itself is the governments debt
    • When the government gets its tax, it no longer has the debt so it burns the currency which was an I.O.U.

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    • PaulMooney

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