Bob Schuiling

Pam Bondi led this Department with strength and conviction and I’m grateful for her leadership and friendship. Thank you to President Trump for the trust and the opportunity to serve as Acting Attorney General. We will continue backing the blue, enforcing the law, and doing everything in our power to keep America safe.

One of the worst sins of the disinformation-censorship regime is hubris. It relies on the folly that a small cabal of poorly trained bureaucrats and their pet scientists possesses the unerring capacity to distinguish true from false on every complex scientific topic. It's nuts.

Great question When a bank issues a loan, it does not loan out deposits. It creates new money as a credit entry     You sign a loan agreement & it becomes an asset for the bank     Bank credits your account & the new deposit becomes new money in circulation Banks are credit creators rather than intermediaries Bank-created money is created with interest Because the interest is not created in the money supply, the system requires perpetual growth, constant new debt or defaults This is why the private credit system is inherently inflationary & extractive over time Governments do not create new money to spend directly They instead issue bonds purchased by banks, pension funds, foreign governments, or the central bank This is government borrowing which is printing by selling promises Government-issued money is also interest-bearing, which means it has the same inflationary dynamic as private bank credit creation Tax serve 3 functions in a fiat system 1 Prevent inflation from excess government spending. If governments printed unlimited money, it would raise spending power without increasing production & create inflation. Taxes remove money from circulation, acting as a drain on the system 2 Give the currency value. If the government requires taxes to be paid in its currency, that alone creates demand 3 Redistribute and fund services. Funding services are not the main monetary reason, that’s the political justification. The monetary purpose is inflation control & currency demand Governments spend money into the economy & taxes destroy part of that money to keep the system alive This is the part people misunderstand the most If new money is printed but does not create new goods, new services, new infrastructure or new real output, then you get more money chasing the same amount of goods, which raises prices Examples:     Money printing for bailouts, war spending not tied to productive output, stimulus without corresponding output growth, interest-bearing credit expansion for consumption This type of money requires taxation to remove excess money & prevent inflation If new money is issued to create new productive output, the money supply increases in proportion to real wealth Examples:    Building infrastructure, funding energy projects, paying workers to produce real goods & services or capital investments with measurable output If production rises faster than money supply, no inflation occurs In such cases, taxation is not required to offset the issuance, because real-world value backs the currency expansion After the Weimar hyperinflation & Great Depression, Germany introduced Mefo Bills in 1934     It was a government-created promissory note issued to construction & industrial companies     They were not backed by gold, not borrowed from banks, backed by future labor & productive output & used to fund public work    Money was issued only when workers produced output     Idle labor was turned into productive labor     Factories, infrastructure & goods increased alongside the money supply    The credit carried no compounding interest & money was created only to mobilize productive capacity, not consumption or speculation When money creation matches real productivity, inflation does not occur Germany reduced unemployment from 30% to 0% in a few years without runaway inflation Inflation problems emerged later only when issuance shifted to unproductive military expansion Today’s system is a public–private hybrid Banks create most money via credit, charge interest & expand the money supply Governments issue bonds purchased by banks & central banks, borrow the currency they themselves issue & tax to control inflation created by both government & private banks The government effectively outsourced money creation to private banks & then taxes you to stabilize the system for banks profit They socialize the losses & privatize the gains. It’s a ponzi scheme & you pay taxes to service the interest on banks debt.