[Nick Danger]

it takes on a bond of debt for the full face value of every bill borrowed. But it only costs 2-3 cents for the fed to print a bill, whether it's a 1, 5, 10, 20, 50 or 100 but the US is still required to pay back the FULL FACE VALUE of every "note" borrowed PLUS INTEREST!!......pretty slick huh?

I don't know if it's slick exactly. It actually looks to be kind of brown and sticky. That's probably because it's crap.

No offense, but you don't know what you're talking about. Very little of the Treasury's debt is held by the Fed, most of it is sold to the public at auction. In fact, you too could by a Treasury bill; just show up with ten grand in your hand.

What's more, any profit made by the Fed is rebated to the Treasury.

Sorry, there's no Jewish bankers owning the Fed, no zillions in profits being made by the Fed, no requirement that there be a "bill" for every dollar in existence (in fact it's not even close), and no truth to just about anything else you said.

You could choose to import some more crap from the Socialism For Kookburgers web site, but you'll be sorry. This one's been worked over pretty well... about a hundred times.

[c-b 1]

I seem to be a bit confused here, I have been told that the Fed is owned by member banks, International banks. Since you seem to know all about the Fed, who actually does own it? I don't understand why we need the Fed. Didn't the country function without it from it's inception until 1913?

[america76]

Not all the profit is rebated to the FED Go down the page to "Division of Earnings"

[Jack Black]

Thank you. It gets tiring, but people do come here to learn. Nice job of debunking Fed Myth 101 for the umpteenth time.

[spoosman]

Yep, it's been worked over, and you're still wrong.

[hove]

OK Nick...you seem like a smart guy. Answer me this. Congress passes a budget that exceeds incoming taxes received. This is called a deficit. Each year the deficit accumulates....that is called the "Debt". Each year, a percentage of our budget is interest on that debt. Like if I don't pay my credit card....I have to pay more interest to the lender. Now I understand that the American people have to pay several hundred billion $ per year for interest on our collective debt. So my question is.....who is Americas lender? And who gets that interest money each year?