Tags

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

Annotators

• PaulMooney

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