I’ve once heard that the USA owns most of its debt to itself, how is that possible? How can you owe debt to yourself?

Question

I’ve once heard that the USA owns most of its debt to itself, how is that possible? How can you owe debt to yourself?

In: 252

Answer 1

Since you just print dollars that people accept as real money. You just give yourself an I.O.U and show everyone who much you granted yourself. Infinite loop and bam you owe yourself more than anyone else cause ofc why would you lend someone else more than you lend yourself. Go usa