Deficit Spending Treasury securities are purchased by the Federal Reserve with entries of FR bogus credit entries in Treasury accounts. Treasury uses the accounts to pay bills. Inflation is thus added to circulation. The DS securities are then auctioned with the new securities for paying [roll-over] redeeming securities. The accounts are covertly exclusively handled by FRBNY. Ref. 31 CFR #375.3. The DS amount disappears. It cannot go to govt. All profit of the Fed legally belongs to govt. The accounts have never been audited. Thus the Demos have limitless funds.

Decentralization, Bitcoin and the cryptocurrencies are trying to do this. Galatians 5:1: "It is for freedom that Christ has set us free. Stand firm, then, and do not let yourselves be burdened again by a yoke of slavery."