The Fed is the Problem:
Considering ALL MONEY IS LOANED INTO EXISTENCE with Interest, and all NEW MONEY introduced into society is also loaned into existence with interest, Where does the interest come from?? Can it ever really be payed off?? is it not destined for collapse mathematically?? Let’s say that the interest payed is the very sweat and blood of labor by that countries citizens, Isn’t that SLAVERY?? Maybe some of the pseudo science economists can explain it to me.
If All Public and Private Debts were paid off tomorrow, ALL OF THE COMBINED INTEREST WOULD STILL BE DUE, Remember ONLY THE PRINCIPLE IS CREATED BY THE FED. Not the INTEREST.
Don't the lending institutions create even more money with the fractional reserve system? They create new money with credit expansion and charge interest. This all seems to work well until the expanded money supply creates inflation, and the Fed triggers a contraction. There were also other changes to the laws that helped create the bubble, like eliminating down payment requirements.
I don't claim to be an expert BUT Bernake was clearly part of the problem but instead got credited for saving the economy after the crash, with re-appointment. To me that makes GWB and Obama as guilty as him. Bush got the blame first, now it has moved to Obama. These guys want credit for anything good, but others to get the blame for any negative results. (Liberals playing this game with Obama.)