The Alligator People! The Fed Is Reporting Billions in Losses Weekly And Still Paying High Interest Income To The Mega Banks on Wall Street (As Biden Recklessly Transfers Student Loans To Taxpayers)

"Debt Forgiveness" is a form of spending, and all spending is supposed to originate in the House Of Representatives.

Is that a stretch? No, it's right there in the Constitution, right next to the first appearance of the word "privacy", and just before the notion that the 14th amendment allows for anchor babies.

I’ve said before “isn’t the ‘money printing’ spoken of actually borrowing by the government which has to eventually be paid off?”

Now I think the answer is that as existing debt comes due, it is paid off by new borrowing. So the total debt and interest payments increase over time. I don’t know how it will end — maybe never, maybe we’ll default on some of the debt.

Seems to me the FED does not know what it is doing. See below link.

Comment I came across: So when Trump takes out a loan and pays it back with interest and the lenders support and testify in favor of him and want to continue to do business with him, it is a crime.

But when you take out a student loan and you do not pay it back and Biden forgives the loan even when the Supreme Court said NO he can’t, he steals money from the taxpayers and it is not a crime?...

My comment: Then there are the secret docs Biden has stolen according to the Hur report that go back as much as 50 years but Hur said Biden is to feeble and demented to be tried....
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Here is a reason why the economy is where it is.
The FED has also been run by people who have never worked but who have always “studied”.
That is why when one speaks they speak in gibberish so they cannot be pinned down.
The one below is a diversity hire. Not qualified at all. I wonder what the democrat party really wants her to do in her position.

Luke Rosiak
@lukerosiak
Joe Biden appointed to a 15-year term on the fed an “economist” who had never published a peer-reviewed paper on economics. And the papers she did publish (on race), it turns out, at times plagiarized and often recycled language from co-authors’ old work.
https://twitter.com/lukerosiak/status/1778078732965556363

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