Not to worry; the Federal Reserve will save us by printing $600 billion and use it to buy Treasury bonds.
If the Federal Reserve is not a federal bank but just a private bank with the name “Federal” in it,
like Federal Express,
why do we need them to “print” our money
which we must then borrow from them
and then we must pay THEM interest ?
I don’t understand why we can’t just print our own funny money ...
we take advantage of the tax rules in reguards to charity, but the really true charity that we might do is something we can't claim....helping nephew or nieces, or other family members...not expected but appreciated...
I think if we got back to our foundation...that families worked together to see all their members thru school, sickness, joblessness,or any crisis....we would be so much better off...
my Vietnamese friend tells me she is expected to not only help her mother, her sisters, her brother in med school, but also her mother in law, and I am talking to the tune of thousands of dollars...and she is not rich...she is a caregiver....but its part of their culture that they take care of their own....I like it...
Blew the crap out of a half dozen targets in the general direction aimed at.
Everyone was pleased (not so much).
Why does this article bring this forgotten incident to mind...?