If all money created is debt and counts as principal, where does the money come from to pay interest on this debt? It comes from the money that gets printed in the future.The more we spend, the more the Fed owns. The government can then tax these valuable assets to pay for our excess. In other words, we are exchanging the property rights to our valuable assets (land, labor, entrepreneurship) for little slips of green paper to buy trinkets with. Before 2008, the assets purchased were primarily Treasury debt, which is backed by the taxation power of the US Government. The Federal Reserve then uses these 0% loans to purchase income-producing assets. The dollar bill in your pocket is a 0% loan to the Federal Reserve. The Federal Reserve holds a monopoly on the issuance of currency in the USA. In essence, this is the power to borrow an infinite amount of money at 0%.
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The part of the turkey that is used in a good luck ritual is known as the ‘wishbone’.Minnesota and Arkansas are second and third number producers of turkey. It produces around 61 million turkeys per year.
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North Carolina is the number one producer of turkeys.According to the National Turkey Federation about twenty-four percent of Americans purchase fresh turkeys for Thanksgiving and seventy percent purchase frozen turkeys.Almost fifty percent of Americans eat turkey at least once every 2 weeks.About ninety-five percent of American families eat turkey on the Thanksgiving Day whereas fifty percent eat turkey on Christmas holiday.Roast turkey is typically consumed in America during Thanksgiving and/or ChristmasĪccording to an estimate, during the Thanksgiving holiday more than 45 million turkeys are cooked and around 525 million pounds of turkey is eaten.