is not possible for the Private Sector pot to “generate” its own U.S. Dollars! This is because, by law, a U.S. Dollar can only be created—printed or issued electronically—by the U.S. sovereign government. Anyone else who tries to create or issue a U.S. Dollar is a counterfeiter and subject to imprisonment. Of course banks in the PS pot leverage U.S. Dollars with bank loans into huge sums of “bank dollars” and these are used for “money” in the PS pot just as real U.S. Dollars are used. But Federal Taxes must always be paid with real U.S. Dollars—and the “bank dollars”, when the loans that
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