ALL money the US government puts into play is *on loan*, (with interest) from the “federal” reserve” which isn’t federal, and there are no reserves.
The federal reserve is a cartel of 12 international bankers.
For an eye opener on the shenangigans of the fed, watch this video:
Who owns the Federal Reserve?
http://www.youtube.com/watch?v=bLCHWhmyn8w&feature=related
Corrupt Federal Reserve - Robbing Americans Since 1913:
http://www.youtube.com/watch?v=BPU8w7Bxc0A
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The Federal Reserve was created by Federal legislation. All profits go back to the U.S. government. And the economy has been a lot more stable since the Federal Reserve was created. We used to have depressions, not recessions, but depressions, every 20 years prior to the creation of the Federal Reserve. We’ve only had one since, provided the current situation doesn’t turn into one.
And the reason that we are in the crisis that we are in now, is that we forgot the lessons of the last depression and allowed the banks to become overleveraged. We probably did so due to international competition, but the right thing to do was to limit the international competitors access to the U.S. market until they met our conditions, instead of lowering our conditions to meet theirs.