if the feds can print money out of thin air, why do we pay taxes?

Yeah, I was once one of the dregs in the bottom of the can of woopas.

Yep. The petro dollar. Backed by military and oil. The oil part seems to be changing.

So they can get paid. It's a brilliant scheme. Evey dollar taxed over and over again until they get it back.

The oil part is NOT changing

Listen to the Anas alhajji spaces I provided previously


My bad, I got the threads mixed up

https://x.com/anasalhajji/status/1801403415894823066?s=46

Control

A belief, a confidence .
In other words, a confidence game.
Perpetrated by confidence men.

There is not enough money in existence to pay the debts that exist. It is a big ponzi scheme. The question is on whos watch will if fall?

The Victory Tax of 1942

In 1939 only about five percent of American workers paid income tax. The United States' entrance into World War II changed that figure. The demands of war production put almost every American back to work, but the expense of the war still exceeded tax-generated revenue. President Roosevelt's proposed Revenue Act of 1942 introduced the broadest and most progressive tax in American history, the Victory Tax. Now, about 75 percent of American workers would pay income taxes. Because so many citizens paid the tax, it was considered a mass tax. To ease workers' burden of paying a large sum once a year, and to create a regular flow of revenue into the U.S. Treasury, the government required employers to withhold money from employees' paychecks. Additional taxes were put in place in 1943. By war's end in 1945, about 90 percent of American workers submitted income tax forms, and 60 percent paid taxes on their income. The federal government covered more than half its expenses with new income tax revenue.

https://apps.irs.gov/app/understandingTaxes/teacher/whys_thm02_les05.jsp

If withholding didn't occur and everyone had to cut that check every year, people might realize how badly they are being robbed.

Nail Soup is a variation of the folk tale Stone Soup, which is an old European folk story. In both tales, a hungry traveler uses trickery to convince inhospitable villagers to create a delicious meal. In both tales, a hungry traveler uses trickery to convince inhospitable villagers to create a delicious meal.


Just substitute the inhospitable villagers with the word U.S. Taxpayer. Just replace hungry traveler with politician and the word trickery is self explanatory.

US natural resources is valued at 45 trillion-more than enough collateral to cover your debts.

CLEARANCE SALE!

Well we are low on buffalo numbers, how many beaver you guys need up there?
These brick house are hard to move, will China be happy with just where they are?
We can't move the oil, we can't have pipe lines.
We can let the farm crops go to pay some of the interest. Can we get payments on the rest.
Greta frowns on coal, come to think of it she frowns a lot, So Saint Peter don't call me cause I owe my soul to the company store!

Printing done unresponsible causes unacceptable levels of inflation. Look at Egypt or Turkey.

Turkey 75% Egypt 32%

Now If I lived in one of these countries I would definitely hold my savings in U.S. dollars. Fairly responsible monetary policy is one thing that makes the U.S. dollar a reserve currency.

"The U.S. “public debt outstanding” of $33.2 trillion often cited by media is largely misleading, as it includes $6.8 trillion that the federal government “owes itself” due to trust fund and other accounting. The economics profession has long focused on “debt held by the public”, currently equal to about 98 percent of GDP at $26.3 trillion, for assessing its effects on the economy.

2023

"While Japan looms as a possible down-case scenario, according to the CBO's February report, the U.S. national debt might not reach Japan-style levels any time soon, anyway. The CBO projects that U.S. debt-to-GDP will hold between 101% and 107% through 2031. However, the CBO also projects that, unless things change, the U.S. would reach 195% in 2050."

I think the CBO is going to be wrong again.

Not me. If I was worried about my local currency, I'd hold it in gold not another fiat currency

What if gold drops? Gold is a commodity. Can I go to a store and buy stuff with gold?

Basically they have turned the dollar into monopoly money. Once oil start's trading in Chinese yen then you'll know how much debt we can stand. 1000.00 dollar bills for a loaf of bread, that type stuff is on the horizon. Currently we're printing a trillion dollars every 100 days, let the good times roll! Pretty similar to the roaring twentys, everyone was party down till the stock market crashed!

Remove the debt and quit printing trillion's of new dollars out of thin air and the dollar you have in your pocket would buy ALOT more stuff. Right now the dollar is the new penny and devaluing rapidly every passing month.

Makes no sense to worry about what you cant control. Just remember the boyscout motto.