All of this is only smoke and mirrors. 1.the Fed creates money out of thin air. 2. the fed loans that fiat money to banks. 3. businesses and individuals use this money to exchange for goods and services. 4. Every Dollar That Is Put Into Circulation Is Eventually Taxed Out Of Existance. Therefore, it is a rate problem, and monies are not changing hands fast enough to suit the tax receivers. The faster it changes hands, the faster it is taxed and new dollars added to the economy, to be taxed all over again. All taxation is social engineering of one form or another.
What I want to know is, If the whole world is in debt, who holds the note(s)?