Ficus-lovin\x27 Capybara N\x27 pals • 🌟 • 25 yrs ago
Status Coup News
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Comments by "Ficus-lovin\x27 Capybara N\x27 pals • 🌟 • 25 yrs ago" (@YourCapybaraAmigo_17yrsago) on "Status Coup CONFRONTS Ohio Gov. Mike DeWine on East Palestine Response: "I Didn't Say That"" video.
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@mr.horrorchild4094 Federal monies are minted and printed on a set schedule, go out towards the central banks, and are utilized every time Congress decides to spend on something.
Regardless of the specifics the federal government creates money you know that right? All independent nations create their own currency - it's one mark of independence aka sovereignity.
Federal government could spend on anything it wants because it creates its own money. it's decides the size of spending from year to year. That's literally the first privilege of a so-called legitimate federal government. It creates money and the people in that so-called nation use it, and sometimes people outside that nation as well.
I mean if the federal government didn't create legal currency, where would all our money come from? Kind of a logical question there.
The reason counterfeit money is considered bad or illegitimate is because it was never sanctioned by Congress and the IRS. However, functionally it's as legitimate as anything else. Anything accepted by a taker as an acceptable means of exchange does in that moment become functional currency.
Anyhow watch mmt videos it's extremely simple. The central gov set a budget every year, they can set it for as high as low as they like because that's one of their main responsibilities and the choice is theirs, they sent a certain amount of legal currency into circulation every year by choosing to fund different federal programs, projects and agencies, and that's that.
If I'm ever mistaken about anything above I'll gladly admit it but I doubt it. I mean how else could it even work? The money has to start somewhere, it starts with the central govt.
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