Skip to content
DebtFreeMoney.org
Monetary Education
DebtFreeMoney.orgDebtFreeMoney.org
  • Contact
  • Articles
  • Books
  • Links
  • Audio
  • Video
  • The Proof
  • Contact
  • Articles
  • Books
  • Links
  • Audio
  • Video
  • The Proof

October 31, 2020

How Did We Americans Collectively Get More Than $75+ Trillion in Debt?

UncategorizedBy Gregory K. SoderbergOctober 31, 2020Leave a comment

In search for the answer to that question, letters were written to the U.S. Treasury and others. The answer received from Russell L. Munk, assistant general counsel for the U.S. Treasury was: “The actual creation of money always involves the extension of credit by private commercial banks.” This means interest-bearing loans.  Mr. Munk went on…

Go to Top