Who co-signed the loan on trillions the private Federal Reserve Bank says we owe them?Americans just resign themselves to whatever debt the private Federal Reserve Bank claims we owe them. Americans don't care that the private Federal Reserve bails out banks around the world and just puts it on our tab. Since we all love and trust the private Federal Reserve Bank, we refuse to audit them. We... | |
In the 1913 when the FED was founded it was president Woodrow Wilson who signed their charter and "constitution"! The FED is not a government agency, it is in fact a privately owned entity founded by 8 of the biggest banking big whigs! And just as with the people, you don't expect the FED to give us free money do you! The problem is that people do not know what the FED is or what they do, therefore they scream at our government "print more money, print more money" this causes us a problem when our citizens don't actually know what the hells going on! But do you think our "government" will "inform" the people....uh...no....if they tell the people they lose control over those people!
It's hard to get out from under any law(s) in the United States until you're eighteen. After that, you can decide to go somewhere else. You may want to study the Fed's balance sheet before you pack up and go to a place that has no central bank. You'll find that you don't really owe them "trillions" and besides, I doubt you'll like Somalia.
Serenely: That's one argument. The other is to put capital formation in the hands of private banks. We've tried both already, without much success.
The Fed returns profits beyond operating expenses to the Treasury in a direct balance sheet transfer every year. If the government directly creates money, there will be operating expenses as well. The question comes down to: Who do you trust more to manage our money? A group of proven bankers or a group of government funtionaries?
We shouldn't be "borrowing" money created out of thin air. That said, congress only agrees to pay interest on the money they "borrow" to pay for their sci-fi-sized spending packages.
But WHY?!! WHY borrow money created out of thin air when the Constitution provides for the Treasury to create money out of thin air INTEREST FREE?!!!
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@Pragmatism Please: You obviously know the details of this mess a LOT better than I do and I've heard the point you make, before. But, what I don't get is: what is 'service on the debt'? In my business, that just means 'interest'. If they pay that back, why show that we owe it in the first place?
Hope I'm making sense. And, as always, I sure appreciate your input!!
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Congress.
and this is too involved and intricate for the average Y!Aer.
Congress.
Welcome to the Obama nation, pal.
Revenge for slavery, baby.
