Understanding the Treasury and Its Ownership: Debunking Myths and Clarifying Facts

When discussing the ownership and financing of the U.S. general treasury, many misconceptions arise. The commonly heard claims about the Rothschilds holding sway over the treasury might seem plausible, but they are far from the truth. In reality, the treasury is owned and managed by the American people. However, convincing the government of this fact remains a significant challenge.

The Role of the Federal Reserve and Congress

The Federal Reserve, often mistaken as the controller of the treasury, actually oversees the financial system and manages monetary policy. Meanwhile, Congress holds the purse strings, with the power to authorize spending and taxation. By understanding these roles, we can better comprehend the true ownership and function of the general treasury.

The Real Source of Funding: Tax-Payers

Contrary to popular belief, the U.S. government does not create its own money. Instead, it derives revenue from tax-payers to fund various government initiatives, including healthcare, logistics, education, and infrastructure. Taxation is the primary means through which the government generates the necessary funds for these essential services. Without tax-payers, many government employees, including MPs, Senators, and judges, would not be compensated.

The Composition of Government Debt

The U.S. government is heavily indebted, with a significant portion of debt held by various entities. According to the latest data from the U.S. Treasury, roughly 70% of the debt is held by domestic government establishments and investors, while about 45% is held by foreign entities. The Federal Reserve also holds a substantial portion of this debt. These figures underscore the complexity and interdependence of the U.S. financial system.

The Department of the Treasury: An Integral Component of the Government

The Department of the Treasury is one of the principal departments of the U.S. government, along with others such as the Department of Justice, the Department of Education, and the Department of Housing and Urban Development. Each of these departments is part of the federal government, and none of them belongs to an individual or corporation. They are collectively responsible for managing the nation's financial and economic policies.

Conclusion

In conclusion, understanding the true nature and ownership of the U.S. general treasury is crucial for dispelling myths and fostering a better comprehension of government operations. The treasury is ultimately owned by the American people, and the key to its sustenance lies in the hands of tax-payers. By recognizing these facts, we can work towards a clearer and more informed public discourse.

Keywords: Treasury ownership, Federal Reserve, government debt, taxpayer funding, department of the treasury