The debt of the United States is a direct result of that of the US federal reserve. The fed prints every new dollar and loans it to the US Treasury at interest. With that system in place, it is impossible for the US to pay off their debt, unless they abolish the fed.
https://www.youtube.com/watch?v=iFDe5kUUyT0"The Biggest Scam In The History Of Mankind (Documentary) - Hidden Secrets of Money"
I guess many of you will know this video. I think it fits perfect in this thread as it shows how ridicolous this debt system is.
u guys are aware that the "profit" a central bank generates gets passed on to the government treasury?
Well at this point I would say there isn't any profit being generated by the central banks, and most of the government treasury is just additional debt...
Is profit necessary anymore, for governments at least? Most governments choose to just create debt anyways.