The FED isn't a FED
The Federal Reserve Bank is not a "Bank owned by the Federal Government" with that said, you need to do the research. Everyone likes to call it a nutty idea proposed by loonies. The truth is out there if you want to look. SO now you have to be wondering ... who cares? You got me on that one, No one seems to give it a thought since you can use a dollar to buy a beer - well $3 to buy one - anyhow, the dollar appears to work. Look deeper, ask yourself...
- where does the new money come from?
- Who gets the dollar when a new dollar is put in circulation
- Why does a private bank(Federal Reserve Bank) get to charge interest on new money
- Just how can we pay off interest on a dollar with money that was also subject to interest
- If this interest is on a dollar created from thin air, don't they have to create the interest also?
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- I'm seeing problems in the debunking, if you look closely you'll see some stuff that's not right...
- publically-appointed Board of Governors, not by the Federal Reserve banks.
- A) Appointed by whom? "each other"...
- only a small share of the interest on the debt goes to the Fed.
- A) Where is the money paying off that interest coming from? ::simply:: They give the economy a dollar, we now owe them $1.10, we can't get the $0.10 unless they print another dollar, therefore every ten dollars they would have a debt of one dollar that we can't pay. it's a never ending cycle of debt.
- What do these"Board of Governors" spend the federal reserves capital gains-"interest" on?
- They refuse anyone the ability to audit their books. feel free to post here and write a more complete story.
- the Board, under authorization from Congress, decided to employ
nationally recognize accounting firms to conduct the audits of itself
to insure independent oversight.
- One word "Enron" They hired their own auditors also. Then conspired to bilk us of billions.
OK I'll try it differently I tried to explain it to someone and this was my best attempt so far.
Suppose there is no such thing as money $0.00 nothing anywhere, so the FED prints a million dollars, you say great I want to barrow it. It costs you 10% interest to barrow it. You now owe the FED 1million one hundred thousand dollars.
You go and - pay back the FED - one million dollars, they ask where's the interest? What would you say?
I'd say you(the Fed) have to print it, so I can give it to the FED, I can't give a million one hundred thousand if you only printed one million of these(dollars).
There it is... never ending debt. With every dollar there is interest, that you can never pay.
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