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To: Ann Archy
WHO goes to the FED for LOANS???

Take out a dollar bill and read what it says on the top... Federal Reserve Note. It's a LOAN document. The Federal Reserve Banks LOAN MONEY INTO EXISTENCE... so, in answer to your question, EVERYBODY goes to the Fed for loans including the Federal Government... and they get the money at a discount, which means it can never be repaid because there isn't enough money to pay the principle plus the discount for what was borrowed!

14 posted on 12/02/2010 4:36:26 PM PST by Swordmaker (This tag line is a Microsoft product "insult" free zone.)
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To: Swordmaker

“Take out a dollar bill and read what it says on the top... Federal Reserve Note. It’s a LOAN document. The Federal Reserve Banks LOAN MONEY INTO EXISTENCE... so, in answer to your question, EVERYBODY goes to the Fed for loans including the Federal Government... and they get the money at a discount, which means it can never be repaid because there isn’t enough money to pay the principle plus the discount for what was borrowed”!

This is it in a nutshell.

The FED is the biggest scam in the history of planet Earth.


26 posted on 12/02/2010 5:08:15 PM PST by Captain7seas (FIRE JANE LUBCHENCO FROM NOAA)
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