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The FED bankrupted the U.S. government in the 1930's with its counterfeit money loans. This is evidenced by the correlation between the United States Code (U.S.C.) and the Code of Federal Regulations (C.F.R.): title 11 U.S.C., "Bankruptcy", is implemented by title 11 C.F.R., "Federal...
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First off: hello, everyone. I've been signed up for a while, meaning to post somewhere, but whenever I look at topics and see what everyone says, I really feel my ignorance. I've only recently really started my unlearning of the fallacies spoon-fed to me in school and learning some good ol'...
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Real wealth and real monetary value is created and/or acquired ONLY when the members of a family (or a nation, tribe, city-state, etc.) plant, grow and/or harvest something of commercial value from the earth, extract something of commercial value from the earth, provide professional services (medical...
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Foreigners continue purchase these freshly printed paper US Bonds (at a discount from face value or CV) only because these US bonds can be redeemed by purchasing title to privately owned land, hotels, farms, businesses, casinos and other assets that were created by previous generations of US citizens...
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The US government does not really borrow US dollars from US banks to pay for its expenses. The US congress passes laws that authorize Federal Reserve Board (via Chairman Ben Bernanke) to buy some paper and then print a bunch of new interest bearing paper currency instruments in varying amounts with the...
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What I really want to know is if the Fed increases the interest rate will that increase the interest paid on government debt? If so, how exactly? Sorry for this basic question, I'm sure it's been asked before.