Occupy protests in Hong Kong
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Uploaded by ReutersVideo on Oct 17, 2011
Oct. 17 - "Occupy Wall Street" arrives in HK as "Occupy Central", as a small group of protesters extend their weekend rallies into HSBC's Headquarters in the heart of HK's business district. Cathy Yang reports.
- 16 likes, 1 dislikes
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I was there to take the pictures. However, the report is doing a good job
hanhoco1 4 months ago
@zsezse215, the Federal Reserve is independent of the US Federal government. The Federal Reserve prints money and controls the interest rate depending on the economic condition. Their mandate is to keep inflation in-check and maximize employment. The government's income is from tax or bonds (borrowing). The bonds can be purchased by anybody, you, me, financial institutions, other countries, etc. The government pays interest on the bonds. I think you have a few things mixed up there. Google it.
scottymelon 4 months ago
The Federal Reserve is the central bank of the United States. The federal government creates money by borrowing from the Federal Reserve by issuing bonds. The bonds must be paid back, with interest. Since this is how money is created, where is the money to pay the interest? It doesn't exist. The government must borrow again to pay the interest. It is a never ending cycle of debt. Every country has a central, no one can get out of debt. (The Money Masters) philipnute com
zsezse215 4 months ago