Posted on 02/14/2024 4:55:53 AM PST by MtnClimber
It should be withheld from federal employee paychecks.
Most of the ‘money’ doesn’t even exist.
The author of the article doesn’t realize that the “Federal Reserve” is a private corporation.
Federal reserve, fictitious value, fiat currency. Taxation without representation. Representation without communication.
That’s like Quantitative Easing that Ubama did to finance his Trillion dollar a year extra deficit spending (four times).
Create $1T of book money and take half and buy your own T-Bills to make it look like you’re solvent and take the other half and buy MSBs (Mortgage Backed Securities) or something to bail somebody out (or give to new illegal slags).
Stop paychecks going to all congressmen until they balance the budget.
The author of the article doesn’t realize that the “Federal Reserve” is a private corporation.
____________________________________________________________
There is a common misconception that the Federal Reserve System is privately owned. In fact, it combines public and private characteristics: The central governing board of the FRS is an agency of the federal government and reports to Congress. The Federal Reserve Banks that it oversees are set up like private corporations.
Stealing wealth from Americans.
Print from nowhere, loan to banks at low rate, banks engage in usury.
Too big to fail, repeat cycle.
If only someone had said something about central banks…
What I don’t understand is why we still hold on to the idea that it is necessary for the government to “borrow” money.
We don’t pay it back. So what’s the point?
We need $500B? We borrow $500B. Now we owe the Fed $550B because interest jumps in, and we just lost an additional $50B. The Fed makes $50B and we have $500B in our pocket. Which we aren’t going to pay back.
Why not literally print the money without “borrowing” it and running up any interest payments?
As it is, I think we just shovel money at the Fed for no real benefit to ourselves.
‘Deferred Assets’?
Money that you don’t now have, but you might get at some time in the future.........................
I’m a ‘Deferred Asset’ millionaire!,,,,,,,,,,,,,,,,,,,
We owe China $859 billion dollars. What happens if we told them to piss off? Same with other countries not friendly to the US?
There is an even more common misconception that we have a federal government.
What we have had since 1871 is a corporation, titled UNITED STATES. The President is its CEO.
Before DJT, POTUS was the same as the CIC.
This is why these days we feel like the House, the Sinate, the executive and the courts do not work for The People.
Modern monetary theory. Government simply creates the money it needs or wants to spend. The Fed, is the tool, but old quaint notions of accountancy remain. Debits and credits to balance the books. The "goodwill" entry on the balance sheet must be a whopper.
“What happens if we told them”
About two-thirds of the shelves of Walmart would become empty and most of the Prime trucks would get sold off at less than prime pricing.
Sounds like the same language Enron used.
The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public?
The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans. Member banks also elect six of the nine members of each Bank’s board of directors.
They work for The Pigs.
Wimpy from Popeye.
But we don’t even get the hamburger....................
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