Quote:
Originally Posted by StuBradley
It took the American Revolution to seperate us from the previous central banking system (The Bank of England) but who do we fight to get rid of the Federal Reserve? Our politicians have the power to make the necessary changes but don't really seem to care.
The Federal Reserve is collecting interest on the $800+ billion of our national debt that they are holding. I read somewhere that the interest on that is roughly equal to what we pay in non-corporate federal income tax. So we could basically eliminate the Fed and the IRS in one swoop and pretty much break even?  |
Yeah, the federal income tax was only implemented as collateral on the debt we owe to the Federal Reserve...16th Amendment was just to lock in their profits and guarantee that the bankers get their pound of flesh.