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Old 06-26-2007, 07:38 AM  
Barefootsies
Choice is an Illusion
 
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Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
Quote:
Originally Posted by campimp View Post
1) The U.S. issues Treasury Bonds
2) The Federal Reserve Buys these bonds from the government
3) The Fed buys them with a book keeping entry (yes, that means out of thin air)
4) the free money is then sent into the American government



and in case you were wondering... the fed reserve is the biggest scandal in american history (more so than monica lewisnky even) completely against the constitution to have a private company in control of the countrys money supply
Exactamundo..
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