Ron Paul's Predictions

[David Newman]

Originally Posted by Big_Bill

Since we are the one borrowing this money, we must pay the interest and the principle on this money when due. We do not bank monies for others, we borrow from others and pay them interest on their moneys.

And today with a 14 trillion dollar debt, (not deposit), we pay $451,000,000,000 a year interest on that $14,000,000,000,000.

That's 451 Billion Dollars Interest on our 14 Trillion Dollar Debt.

The United States does not invest the money that we borrow, we spend it.

Bill

We transfer money back to reserve accounts on a daily basis + interest and there is no reason why we couldn't do so for eternity. There is no threat of involuntary insolvency in our monetary system. If we ever became insolvent, it would be purely voluntary.