US national debt exceeds $39 trillion
(twitter.com)
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Who do we even owe this to? You'd think they could just roll up and take the whole country as collateral at this point.
Well, back in 1913, a bunch of bankers had a meeting at a place called Jekyll Island...
I'd go back further to Publius Aelius Hadrianus and the Legio X Fretensis
I can't finish The Creature from Jekyll Island book. I get angry reading it and then I put it down.
I may be out of the loop, so apologies, but is there a connection?
It's a book about how the Federal Reserve was created.
The extremely simplified answer is: bond holders. The govt doesn’t have money so they sell a bond for X amount of money and agree to repay X + Y interest.
The bond holders are everyone from regular American citizens to foreign govts and investors.