To: Toddsterpatriot
Bonds are nothing but more promises to pay. They, too, are rarely backed by anything.
13 posted on
03/19/2014 4:20:07 PM PDT by
CodeToad
(Keeping whites from talking about blacks is verbal segregation!)
To: CodeToad
It's true, the FRNs are backed by trillions in bonds. Bonds paying nearly $100 billion a year in interest. Not too shabby compared to your original claim.
14 posted on
03/19/2014 4:26:56 PM PDT by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: CodeToad
—They, too, are rarely backed by anything.
Other than the full Faith and Honor of the
Entity that Created the Bonds
Whatever that is worth.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson