Quote:
Originally Posted by sltr
please do more research prior to posting re: things you are not familiar with.
i'll point you in the right directions-
1. the federal reserve is not "a bunch of private banks"
2. the fed loans money to BANKS, not "us", the interest from those loans goes back to the fed- AS profit for the government, we don't pay interest on those loans via the federal income tax.
3. there's more but i'd be surprised if you even check into those 2, so i will stop there.
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Ding Ding Ding..we have a winner! If the Fed Reserve was a private bank why would it let China and Japan buy up so much US dept? It's bullshit.