All money in circulation represents a debt owed to the Federal Reserve corporation, because the Fed issues from thin air the currency which is used to “buy” government bonds. These bonds must be “paid back” and with interest!

So get this: We are paying interest in the form of taxes on every dollar in circulation.

And really get this: Because of the system we have now, if it were somehow possible for all debts everywhere to be simultaneously repaid, there would be zero dollars in circulation and we would have the ultimate economic implosion.

It would be a catastrophic “de-leveraging” causing the money supply to shrink, destroying the economy.