The average American has no understanding of our monetary system. 30 years in the banking and mortgage industry and I only began to understand it the past few years. But you know who does understand it? Every member of Congress. They know that under our current system the debt cannot be repaid. The only path forward is to raise the debt ceiling and continue to borrow. Thats why they don’t bother with passing a budget anymore. Its pointless. They just use CR’s en lieu of a budget.
The only objective of the Federal Reserve is to transfer wealth from the people to the banks and corporations.
Where's Andrew Jackson when we need him?
"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."
That would be the case with or without the Fed.
You never explained how much you're charged for your FRNs or where you mail your check.
Well said !