EyeBRollin
Gold Member
Wrong. You’ve been conned my friend. The government pays you for that bond by simply wiring the money into your checking account. Poof! You do not supply the US government with US dollars. Not you. Not China.I guess things have to be explained to you very, very simply, using small words.
I take $1000 of my money and buy a US Treasury. That is a loan to the US Government. The government takes that money and uses it to buy puppies for hookers, or booze for Nancy Pelosi, or to build a road.
I hold the Treasury while the government pays me interest on the $1000 I loaned it. When the bond reaches maturity, the government pays me pack my $1000 and it goes back into my pocket.
I have made a small profit off that $1000.
At no point was any money printed.