We Are Now Paying for the Destruction of the US Dollar and Economy… Literally

ZeroHedge ^ | 12/22/2010 | Phoenix Capital Research

[Presbyterian Reporter]

“”None of our elected leaders can comprehend our national problems.””

_____

I totally disagree. All of our elected leaders know exactly what they are doing.

Namely, the politicians are borrowing money at the local, state, and federal level to fund their crackpot projects because they know the voters would kick them out of office if they funded these ridiculous projects by raising taxes.

[B4Ranch]

The UN wishes they had us over a barrel like the FED does. Oops, they do!

[Toddsterpatriot]

the Fed is now officially the single, largest owner of US debt.

If you want to be technical about it, Social Security holds about $2.8 trillion.

by buying up US Treasuries, the Federal Reserve is in effect reaping interest payments from the US populace.

OMG! The Fed gives back all those interest payments they're reaping, and more, to the Treasury each year.

We are LITERALLY paying BILLIONS in interest payments to the Fed.

I'm more worried about the money we literally wasted educating this clown.

[noinfringers2]

The debt is not payable to USA citizens but payable by USA citizens to an international cabal. There is so much to this situation that USA citizens do not know about.

[noinfringers2]

The debt is not payable to USA citizens but payable by USA citizens to an international cabal. There is so much to this situation that USA citizens do not know about.

[Toddsterpatriot]

payable by USA citizens to an international cabal

That's funny.....and wrong.

[CommieCutter]

http://www.youtube.com/watch?v=E0Yr9XyBdnI

[reformedliberal]

My husband threatens this, as well.

My question: where will you provision and what will you be using as a medium of exchange?

[April Lexington]

Happy Days Are Here Again.

Yay! Hooooray! Let's all take a vacation at tax payer expense and celebrate! Whooooopie!

[April Lexington]

How else can the Fed finance our growing debt?

Why is it the Fed's responsibility to bail out Geithner and the whores? In the old days, the banks didn't like the government. Today, they are lip to... well, I can't say on this family forum... but, you get the idea. The Left now owns the banks...

[April Lexington]

I'm more worried about the money we literally wasted educating this clown.

Public education has cost this country one heck of a lot more than our Social Security system and has produced far, far worse results. Granny may not be able to read or write, but, darn it... she gets her soshecurity check each month for bingo...

[2001convSVT]

Yes, I am afraid you are right, but with the Fed owning 7% of all government debit, the real hard part is determining how much debit they can own before the SHTF, 10%, 25%, 50% or maybe 90%? 1% is too much for me but at what point does the house of cards collapse? When do the trucks that haul freight stop? I have a feeling that without knowing it the country could handle 65%+.