Given the US is not currently holding anything of real value, they go deeper into debt (aka unfunded liability).
You’ve written a lot of stupid things and this is one of them. How you can think the US holds nothing of value is comepletely beyond me.
Do you own anything that is currently in hock?
The US owns nothing currently, including land. It is all in hock.
You should have saved your nonsensical post to begin with.
Federal land is currently owned by a pawn shop?
So are all the federal buildings?
Oh dear. That must be the richest pawn shop in existence.
Being in hock describes collateral. Banks hold collateral.
I've never used that word in that context as hock typically means sell, specifically to a pawn shop. If a piece of land is being used as collateral for a loan, its... Collateral. If it was hock, the bank would own the land even if you were paying off your loan.
Rama, the dollar is NOT anything but a private banks fiat currency. They are called the Federal Reserve Bank.
Okay, this isn't true, either. The Federal Reserve is not a private bank. It's an independent board organized by the government that interacts with private member banks.
Wrong, real wrong.
The Fed is a totally private banking institution that allows the government to appoint members to its board. Seven board members or governors for 12 independent regions.
This is just a great quote. Its as you as possible.
Tell someone he's wrong then contradict yourself in the next sentence. XD
Private institutions can have government-appointed board members. It does not make them government agencies.
I disagree. Especially if the government appoints and governs them.
However, as Markjo points out, the courts have ruled its both, so not gonna argue with it.