Mostly right. See, in SovCit land, the government is a corporation. When you’re born, they create a savings account with your social security number that is used to back the fiat currency. Basically they think every person owns a fair portion of the total wealth in dollars in the world. For every dollar on earth, there’s a dollar in a social-security number.
So when they take out a loan, that loan is backed by the tens of millions in their government account, they are in fact either lending to themselves, or simply withdrawing from their own account.
Not much dumber than courts treating corporations as people when it comes to honoring money as speech but not when crimes are committed by the company. It’s buffoonery all around but the courts have made some dumb rulings in the past to encourage this nonsense.
Mostly right. See, in SovCit land, the government is a corporation. When you’re born, they create a savings account with your social security number that is used to back the fiat currency. Basically they think every person owns a fair portion of the total wealth in dollars in the world. For every dollar on earth, there’s a dollar in a social-security number.
So when they take out a loan, that loan is backed by the tens of millions in their government account, they are in fact either lending to themselves, or simply withdrawing from their own account.
Not much dumber than courts treating corporations as people when it comes to honoring money as speech but not when crimes are committed by the company. It’s buffoonery all around but the courts have made some dumb rulings in the past to encourage this nonsense.