Yabbut, what does Paul Ryno say about this?
Since the Ryno’s are beholding to the big holders of our Treasuries I doubt you will hear a peep out of them..
Yabbut, what does Paul Ryno say about this?>>> i think he’s trying to figure out how to spell “creditors”. He can’t yet pronounce it.
Ryan fears default because he doesn’t know how to manage it and he does not want to go against those that control him. He’s really empty between the ears, not at all bright.
Trump knows how to leverage American markets with its debt holders, Ryan has no clue even if he was willing.
The long and short is that the federal government is indirectly propped up by funds creation at Fed Reserve computers, and because of this the members in Congress bow before the privileged class that receives side revenues from the Fed Reserve fund stream. That makes the member of Congress less able to fake allegiance to their constituents, hence fake representation. This process has gone full throttle since 2010.
Most of the debt of the United States is held by member banks of the Federal Reserve, Citibank, JP Morgan, Bank of America, etc. They hold the treasuries in exchange for fed funds they borrowed at 0% or 0.25% or even negative % for certain reserve holdings. But the ‘money’ borrowed from the Fed was digitally created from nothing.
The bank’s bond trading contractors and departments hold the bonds at about 2% to 2.5% paid by the fed government. This is known as the carry trade and bond traders have become filthy rich because of it. They can pull in about $250 million per year with near zero taxes because of loopholes. These are the bastards that Donald Trump wants to raise taxes on.
Donald will take the United States through a controlled bankruptcy or more accurately a controlled default so that interest rates can find their natural level. This means money will flow out to the private sector and the economy will take off.
Ryan has no courage. He only thinks about remaining as a member of the club. Trump on the other hand, knows exactly what to do and who he will delegate to do it.
Ryan is not the only one in the club who is clueless even if willing.
Obama and Congressional Democrats----with a huge assist from then-AG Eric Holder----have given NeighborWorks America (formerly ACORN) and La Raza a huge funding source of tax dollars to achieve Obama's dream of a permanent Democrat majority.
Obama/Holder/Dems are forcing taxpayers via DOJ litigation WRT bank settlements----into paying off these nefarious organizations.
DOJ went after CitiCorp and ordered them to pay $50 million to La Raza and NeighborWorks America as part of the settlement.
Another clause in the agreement makes it possible for La Raza and NeighborWorks America to rake in even larger amounts of money.
Of the remaining money the banks needed to pay in settlements, the banks were able to contribute additional money to La Raza and NeighborWorks America. For every dollar they contribute, it reduces their debt to the government by 2 dollars. That’s some mighty powerful incentive to give generously.
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House Judiciary Committee Chairman Bob Goodlatte (R-Va.) and House Financial Services Chairman Jeb Hensarling have questioned why this money was sent to the ACORN clone and the blood-thirsty LaRaza----rather than to the alleged victims of the bank’s crime. The administration of course declined to answer.
Here's part of the Congressmen's letter to Holder: “It seems that the alleged victims are not the primary beneficiaries of these multi-billion dollar settlements. Instead, the terms in the Justice Department’s two latest settlements look less like consumer relief and more like a scheme to funnel money to politically favored special interest groups.”
“This makes donations to activist groups far more attractive to banks than providing direct relief to injured consumers. As a result, the settlements appear to serve as a vehicle for funding activist groups rather than as a means of securing relief for consumers actually harmed.”
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So now, with tons of money for the next presidential election, the largest and most successful voter fraud campaign may alter the course of the elections not to mention the future of the United States.
NO WONDER HILLARY KEEPS SMILING.