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To: MHGinTN
This is the ponzi scheme: the treasury asks for a check for X billions from the federal reserve

The Federal Reserve doesn't give money to the Treasury. If the first step is in error, I'm betting you'll come to the wrong conclusion.

the federal reserve writes the check to the treasury creating money that is not in any checking account and for which every man woman and child who has or does or will pay taxes is now indebted.

It doesn't matter who the Treasury borrows from, that creates debt for us. If Congress didn't waste so much money, the Treasury would have no need to borrow.

When the federal reserve==treasury cabal creates money from nothing,

Do you have a mortgage? Car loan? Credit card debt? You just created money. I blame you!!

the inflationary factor immediately makes you and me the lenders AND the parties indebted to pay the bill

I know, that's why oil went from $150 to $50 a barrel.

163 posted on 05/17/2009 5:37:15 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
The federal reserve is not an arm of the federal gov't, it is a cartel of banking. You misstated what I posted. Need a strawman to attack? Look at your failure to recognize I stated it is a 'ponzi scheme' ... the federal reserve has no money, the treasury has no money, but they create the ponzi of billions in a similar way you might write bad checks to your own bank account in another bank where you have no money, then write checks on the deposited rubber check.

Your penchant for misstating causes me to wonder why I even addressed you a second time. I'll know better in the future.

164 posted on 05/17/2009 7:35:27 PM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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