Quote Originally Posted by pseudolus
Not quite, because money is not create by private banks for FREE. It has interest attached to it, which they never create.
it doesn't matter, the FED for example pays itself the interests on the debt it issued. That's the paradox.

the question of national debt is far too complex to explain as a simple money mechanism, it doesn't serve the same purpose or follow the same mechanism as a simple debt. Most people can't understand that, sadly, and keep thinking that national debt is such a big issue, but it's not.

Quote Originally Posted by pseudolus
In the world there is only you, 1 bank, 1 house. The house costs 100 bucks. So you go to the bank and borrow 100 bucks. You have 100 bucks, the bank has created that money out of nowhere, but it has interest attached to it. You now owe 110 buck, but there is only 100 bucks in circulation. So you pay back the 100, and then the bank says "heh fucker, where is my 10 bucks" and you say "it doesn't exist" so the bank takes your house, and now has 100 buck, 1 house, and you have fuck all. Or, in the case of the world, we have a fucking massive debt that keeps getting bigger, and the interest payments we make is simply asset stripping EVERYTHING from the world and giving it to the bankster families and all because we allow private banks to make money as debt for free, and attach interest to it.
again, you fail to understand how it works. Using a simplistic example can't explain the complex mechanism behind national debt and the creation of money. A better analogy would be a closed water circuit.

National debt is money. It's not the cumulative annual deficit of government spending. Even a government deficit is regulatory, not necessary a real deficit. It's an accounting measure to explain the financial accounts of a nation using a specific set of rules, which usually have nothing to do with reality or the actual cash situation of a government. You could have a fiscal surplus and still run out of money.

educate yourself on that subject, it's very tricky and not for the average person to project his rants on.