[Sgt_Schultze]

This is a ridiculous process. The US has the authority to issue money. If it issued money, it wouldn't have to pay interest or even repay it. Yet instead, the government has been borrowing money from the Fed. Where does the Fed get the money to lend to the government? It just issues it.

So instead of issuing the money itself, the government borrows the money from a private bank which issues the notes and charges us interest. What a racket.

[dennisw]

This is a ridiculous process. The US has the authority to issue money. If it issued money, it wouldn't have to pay interest or even repay it. Yet instead, the government has been borrowing money from the Fed. Where does the Fed get the money to lend to the government? It just issues it.

So instead of issuing the money itself, the government borrows the money from a private bank which issues the notes and charges us interest. What a racket.

We the people of the United States are in hock to a private bank. The Federal Reserve does not work for us. It works for the bankers and the liberal technocrats (Obama types) that get the Fed to force banks to make mortgages for the too poor, the too stupid and the unqualified

[hosepipe]

Boy do you have a lot to learn about the federal reserve..
To start the name “federal reserve” is a wild goose chase..
They(It is) not federal at all.. it is international..

The fed are private (FOR PROFIT) Banks.. with stockholders and everything..
It is a BUSINESS.. like drug dealers to the American people..
except the drug is money.. fiat money.. money they create out of thin air..

At least a drug dealer has to work a little.. and take chances..
The fed takes no chances and does no work..
An even bigger SCAM than Barak Obama becoming President..

Congress distributes “the Drug” and also recovers payment for the drug.. for them..
Payment is called federal TAXES..

YES.. thats right.. I’m talking to you Republicans as well..
You’re just a “high” as the democrats are.. high on “the drug”..

Independants are “enablers” and Libertarians are casual users..

Listen and learn- http://www.youtube.com/watch?v=1o9LGuaxHfM

[Toddsterpatriot]

The US has the authority to issue money. If it issued money, it wouldn't have to pay interest or even repay it.

That might be a bit inflationary.

So instead of issuing the money itself, the government borrows the money from a private bank which issues the notes and charges us interest. What a racket.

And then....wait for it....the "private bank" gives all its earnings, after expenses, back to the government. What a racket.