I see nothing in this rescue bill that moves even slightly in that direction. In fact, Chucky Shoehorn seems ecstatic about it... talking about two more of them.
$6.2 trillion! As you say, What do I need to know to understand this?
If we owe the national debt to ourselves - as we are always told - who are we playing interest to? If it is to the Fed and we eliminate the Fed, what happens to the debt? Q says that we have the gold; $30 trillion in gold is a lot of gold. We couldn't even give Germany it's gold reserves in Fort Knox some years back, without a considerable delay.
Where did the Fed get $4 trillion? The derivatives market is reportedly at $4.25 quadrillion! That is on 10% margin. (Head scratch)
There's a whole crib of corn to be shucked there.
With numbers like that... grow a garden, raise some pigs and chicks and burn it all down. Start over....
Someone care to send me a link to what you’re all so jubilant about and let me take a careful read. Not only do I have 28 years, I’m kind of a history geek on finance so... I promise to review and report by tomorrow evening. But I want some clean and complete source info to read.
I wrote earlier that news wire financial stuff made no mention. That’s ok, it’s mostly garbage anyways.