Uhm, I'm no fan of the Federal Reserve... but that paragraph is a little inaccurate.
Assuming credit/borrowing isn't 100% of your source of income, you can use some of the other forms of income (taxes) to pay down the money you just borrowed... like you would if you borrowed from a bank. The problem comes when you have perpetual deficits, at the end of the year you never have money left over (budget surplus) to A) pay the 5% interest and B) pay down the debt.
The major problem with the FED is that they can just print money at will. They can and do literally create money out of thin air... which has many consequences. The only reason the FED is able to do what it does is because the US is the worlds reserve currency... if people ever decide to move away/lose confidence in the US dollar things are going to get ugly.
You forgot to mention that they only way a fiat system can continue to survive is through expansion (ie: perpetual expansion of debt - sometimes called "growth". Federal tax dollars don't even begin to put the smallest of dents in the debt "owed".) The whole "federal" reserve/central bank system is entirely based on constantly expanding debt. In the common vernacular, this is called a Ponzi scheme.
Everything that you see going on in the bullshit economy is purely by design.
“In politics, nothing happens by accident. If it happens, you can bet it was planned that way.” Franklin D. Roosevelt quotes
It's all part of the "cycle', right?
Wrong, it's all part of destroying a superpower that has been used to enforce the will of the elite.
How can a New World Order stand if there is anyone strong enough to stand up to it?
Pbeaul, you can attempt to take your measured approach on this, but sorry, man, all of this politics is total bullshit to make you feel like you actually have some control in your "democracy".
$1.6 billion on security for the G20? I wonder why...
The sooner you understand that democracy is 2 wolves and a sheep voting on whats for dinner, the sooner you will truly understand what is going on here and quit engaging in mental gymnastics to support a system that was set up as a red herring for you, with the goal of destroying you and yours.