[jd777]

??? Excuse me. You don't know what you're talking about. The U.S taxpayer pays the interest on our federal debt. We pay it to the holders of U.S. treasuries. Last year (FY02) the U. S. Government spent $333 Billion of our money on interest payments. What's more those treasuries instruments aren't even sold by the government. They are sold by the registered dealers of the fed system on behalf of the treasury in exchange for the "creation" of Federal Reserve notes (aka U.S Dollars). It doesn't sound like you understand this system you are defending. .

[justshutupandtakeit]

How would you get the idea that I am unaware that taxpayers pay the interest on the debt? As to the other facts you posted where have I disputed them?

Sounds to me like you are grasping at straws to dispute my comments since I never claimed anything to the contrary.

I am not "defending" the Fed. There hasn't been anything to defend against since misconceptions, misinformation and outright falsehoods about National Banks are inefficient attacks to begin with. Correcting such caricatures as the enemies of the Fed post here is merely the debt I owe to the truth. Requiring an accurate description of an institution is not a defense of it.

I do defend the concept of a National Bank but not all of its actions or policies.