Monetary System

What are US Treasury bonds?    Let's follow the life cycle of 1000 USD.

1. 1000 USD is borrowed into existence by some poor sap putting himself in hock to the debt based monetary system.  So that 1000 USD is ALREADY a bond and someone is ALREADY paying interest on it.  Let's call it what it is:  Slave Units.   ( Debt Slave Units )
2. Government wants to spend 1 Trillion Debt Slave Units it does not have.  So it borrows by selling UST to the Federal Reserve or someone else who has enough aggregated enough Debt Slave Units.

So the diff here is

• USD is essential notes on the debt slaves
• UST is a recursive aggregation of the USD debt at amounts at which privately owned central banks are unwilling to risk with private citizens that can easily default on debt.

UST is the bigger sister matrioska doll of the USD.   Scams within scams within scams.  You have to keep them coming or people catch on.