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07-26-2009, 12:50 AM #8Senior Member
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- Oct 2007
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It makes perfect sense to me since in effect, the privately owned non-governmental Federal Reserve system makes money out of nothing (Fiat), actually most all of it never exists since virtually none is even printed, it's just a credit/debit in binary code. Then the "Fed" ("No more Federal than Federal Express") charges interest and receives bonds for
"repayment" of the "money" the privately held Federal Reserve arbitrarily created literally out of nothing with nothing (Fiat) to back it up. One of the grandest of illusions. It's amazing really that the scheme continues to be allowed to happen.
Chris L"Blues fallin' down like hail." Robert Johnson
"Aw, Pretty Boy, can't you show me nuthin but surrender?" Patti Smith
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The Following 2 Users Say Thank You to ChrisL For This Useful Post:
davisbonanza (07-26-2009), Proraso Man (07-31-2009)
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