.
Q: Where do Bonds come from?
A: They make them up.
Q: Where does the money come from to buy the Bonds?
A: Electronic bookkeeping entries, loaned at interest. They make that up. It adds to our debt.
Q: Where does the money come from to pay the increased taxes to buy back the bonds when the bonds mature?
A: Electronic bookkeeping entries, loaned at interest. They make that up. It adds to our debt.
Q: Regarding the money to pay off the mature bonds, where does the money to pay interest on that payoff money, come from?
A: Electronic bookkeeping entries, loaned at interest. Yep. They make that up too. More debt.
There are many myths about how they "make up" money. Here's the truth:
If money exists - at all - it has to be created. Now, without making a needed change to our current system, that means it has been borrowed somewhere in the economy by a person, business or government.
Once it's created (borrowed), you may end up with some of it, by "capturing someone's loan principal" through commerce (you work for it or you sell something). So, to you, it's not borrowed money - but someone still owes that money.
Therefore, all money in our system is a debt obligation to someone. All of our money is debt.
That's not pretty. We should change that, don't you think?
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