Black Friday Indeed

The national debt took a big jump the day after Thanksgiving.

The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households.

At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.

From who did the government borrow the money? Why, from itself, of course. It created new money and wrote itself an IOU. The purpose of the IOU is to conceal the fact that what it actually did was just create more money.

Later, it will create more money to pay this debt off. The government will write itself a new IOU at that point.

Ultimately, they are taxing your savings and future income in order to spend money on things you don’t want.

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