Legalized Counterfeiting | The Debt can't be Paid Off

#economics #money #fed

Counterfeiting money is punished for good reason. It’s a grave problem that the so-called protectors of private property begin counterfeiting. It’s certainly a problem when small counterfeiters engage in illegal activity. It’s much more severe when done on a large scale. Small counterfeiting is less severe than large scale. However, it’s still severe. The difference is in degree, not in kind.

Central banks around the world counterfeit on a large scale. This is done nonstop. Less paper money is in existence than what is owed. The debt is impossible to pay off under current conditions. Counterfeiting must be constant, or the public might discover it’s a house of cards. Repudiation is the answer. The bond holders will lose money, but not all investments are good investments. Also, these bonds are to be paid off by future aggression.

Read More: https://mrdevinney.com/legalized-counterfeiting/