Each American dollar is loaned at interest to America by the federal reserve.
Even accounting for the ghost (non physical) dollars of the fractional reserve banking system America uses, there aren't enough dollars in circulation to pay back what America owes plus interest.
Each American dollar is loaned at interest to America by the federal reserve.
Even accounting for the ghost (non physical) dollars of the fractional reserve banking system America uses, there aren't enough dollars in circulation to pay back what America owes plus interest.