The FED gets the money from you. You invest in things like T-bills, government bonds, etc. and the banks take that money up to the FED. When the US government needs more money, they borrow from the FED at interest. The FED collects that interest and passes a portion on to you, but most of it goes to the FRB owners. Every dollar that enters circulation has an interest debt attached to it. So when you hear things like National Debt, they're talking about the money owed to the FRBs and their investors.
You guys talk about printing money being the good gig, I say collecting interest on the largest economy in the world is. Give a nation worthless pieces of paper and then foreclose on it when they can't pay up.
Re: Illuminati
Member #: 40846
Registered: 9/19/2005
Posted:
1493
Name:
Duane Vick
Name:
Duane Vick
Company:
Self-Employed
Occupation:
Installer
Location:
Phoenix AZ
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