The FED creates money as debt. The treasury issues Bonds (I owe you's) which is debt that they exchange with the FED for dollars, effectively giving the FED money in the form of debt. Government has loaned all money into circulation, but has to pay that AND interest. But the money to pay the interest was not created. The FED gets money on its balance sheets and can loan that out to its member banks who can loan out 10 times more.All that too has to be paid back at interest.interest$never created
@myheadhurtsnow NO money is the answer. Venus project (dot) com. The monetary system is an obsolete practice......too many holes for corruption. The very way we interact economically is insane...
A system that actually works should be gaged by if it's beneficial to ALL of the people.
The only reason glass steagall was necessary is the existence of the federal reserve. One regulation leads to the necessity of another. It never ends. Problem, reaction, solution.
Ron Paul is our only hope.
azbpro 2 weeks ago
The FED creates money as debt. The treasury issues Bonds (I owe you's) which is debt that they exchange with the FED for dollars, effectively giving the FED money in the form of debt. Government has loaned all money into circulation, but has to pay that AND interest. But the money to pay the interest was not created. The FED gets money on its balance sheets and can loan that out to its member banks who can loan out 10 times more.All that too has to be paid back at interest.interest$never created
gunthaarz 1 year ago
This is what happened to the Democratic party. Clinton negated the Glass-Stegal Act
from the 30s.
MyImago 1 year ago
@myheadhurtsnow NO money is the answer. Venus project (dot) com. The monetary system is an obsolete practice......too many holes for corruption. The very way we interact economically is insane...
A system that actually works should be gaged by if it's beneficial to ALL of the people.
blaziermissy 1 year ago
The only reason glass steagall was necessary is the existence of the federal reserve. One regulation leads to the necessity of another. It never ends. Problem, reaction, solution.
Sound money is the answer.
myheadhurtsnow 1 year ago
Now the supreme court just removed any corporate spending limits for elections.
tybrady64 2 years ago
yes someone actually gets it
jmm1233 2 years ago
these guys take over the world
pimp90650 2 years ago