[org.whodat]

The main thing you should know about the FED is it needs to be shut down.

[Yollopoliuhqui]

D%D!- ‘bout ding dong time for posts like this to show up here. You John Bircher/Tea Party/Militia people dust off your Barry Goldwater licks and start informing “Republicans” as to the true nature of their oligarch allegiances and the true nature of American history. Prime the fuel lines with with quotes from: “The Creature From Jeckyl Island”, “Wall Street and the Rise of Hitler” and “Tragedy and Hope”

[Noob1999]

Thanks!

That was a very enlighting article!

[varmintman]

Thanks for posting this, it is absolutely mandatory that all of us do a better job of understanding this stuff.

Instead of issuing money directly, the U.S. government lets the Federal Reserve create it out of thin air and then the U.S. government borrows it.

As I read it the fed returns something like 85% of profits to the treasury so that it's basically charging the govt. a 15% service charge for creating money out of thin air, and the bigger problem is that most of these bonds are purchased by WallStreet banks which charge us real interest, again for creating money from air. The government could just as easily create money from air itself and eliminate the interest charges...

[Gasshog]

Deem the Fed closed.

Cut off the slave tax.

[varmintman]

#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913

The idea was to implement Hamilton's idea of using govt. debt as a basis for money... Get rid of the fed and that entire system and we might not even need an income tax.

[airborne]

But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve.

Oh, I think there's plenty of blame to go around!

Let's blame both parties AND the Federal Reserve!