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Jim Schout's avatar

In an earlier article you stated that there is a huge difference between debt and dollars. That cannot be emphasized enough. George Washington explained it when he was President. He said we must remember that it takes two dollars to offset one dollar of debt. In other words, in order to actually hold a dollar in your hand, if you have a dollar of debt on your books, you must earn two dollars to get that dollar in your hand. This is why our founders hated debt.

So, our fiat currency is a death trap for America and always has been. George Washington would never have approved of this scheme. President Trump is taking us back to a sane economy once again.

Anna's avatar

The math you presented puts the misery in Venezuela into better perspective for me. I knew it was bad, but couldn't imagine how bad! Give thanks if you live in the US. Thanks, Joe! Blessings 🙏

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