SR 21 Debt Limit Debate 3 - July 29, 2011
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Uploaded by bstill3 on Jul 29, 2011
None of the options being debated by the U.S. Congress can fix the economic situation. Only monetary reform -- a simple solution -- can fix this.
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Uploader Comments (bstill3)
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All Comments (95)
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@bstill3 I missed the forest for the trees. Thanks
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@ziqueez What is it that these people dont know?
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Thank G I found your videos! Some truthful and informative news!!! Thank you sir, I appreciate it.
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@bstill3 Thanks for the clarification. I will educate myself on them.
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@pardonwhat -- That's the big banks' problem, not mine.
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@thepostman1 -- I know LaRouche well and have zero respect for him.
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@kroovyandcal -- absolutely, see my book, or SR 22
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lol, the fed rebates 99.4% of its earning to the State Treasury (the rest being needed to run the Fed) so the Fed loans are essentially free money for the government. These people know nothing.
ziqueez 6 months ago
@ziqueez -- Absolutely. Of course, you mean the Federal treasury.
bstill3 6 months ago
Hi Mr. Still. I'm still confused on one issue regarding issuing money out of debt. I've read that the interest paid to the Federal Reserve actually goes back to the United States Treasury minus a portion which reportedly goes to "operating costs" at the Federal Reserve. If that's the case, isn't the Treasury just paying itself back when it pays to "borrow" the money from the Fed? Is it that portion which you are saying is the problem or is there another part of the picture I am missing?
mopden 7 months ago
@mopden -- Borrowing from the Fed is not the issue. The govt auctions off IOUs called Treasury bonds or Treasuries. Buyers -- primarily banks and central banks -- agree to loan the govt money for a certain period of time -- sort of like parking your money in a CD in a bank -- in exchange for a very low rate of return. However, since this interest on the bonds now exceeds a half trillion bucks per year, it is now a significant drag on the economy which no one talks about.
bstill3 6 months ago