Another mystery, this one bigger, than Creature From Jeckyll Island's assertion that inflation is a tax…
A guest on Tony Brown's journal, a book writer, showed how the Fed is a gigantic tax farming operation:
- Making money ex nihilo, out of nothing, the Fed loans money to the US Government.
- The Government takes effectively 43% of our income, to repay the Fed.
Therefore, before you can pay your rent or mortgage, gasoline, grocery and other bills, you have to do your work for Massa.
You'll never know who owns the Fed: It's Top Secret.
Making money ex nihilo, out of nothing, the Fed loans money to the US Government. The Government takes effectively 43% of our income, to repay the Fed.
Holy bad math, Batman!
The government, since the crisis, has been getting more back from the Fed, than they pay to the Fed in interest on Fed held Treasury securities.
So they need 0% of our income to pay the Fed.
Also, wages last year were over $7 trillion in the US, and the Fed doesn't even have $2.5 trillion in US bonds, so why would they need $3 trillion a year, to repay the Fed?
Sounds like Jim Marrs has an IQ so low, it's below top secret.