We would be in jail for fraud
Suppose you were the government spending what you don’t have?
by Jon Rappoport
July 1, 2017
The state government of Illinois is heading into bankruptcy. California has present and future liabilities of close to $500 billion. The federal government of the US has been underwater since (pick a date from the remote past).
Suppose you were the government.
You’re on a buying spree. You purchase a Ferrari and a Pacific Island and five monster yachts, and pretty soon all your cards are maxed out and your bank account shows a hefty negative balance. You consider the situation unfair. You should be able to spend indefinitely.
So you arrange loans with shady characters, and you also go into your garage where you have a printing press. You turn out money. Day after day. You use the fake money to pay back a few of the more pressing loans—the ones where big…
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