How can the US have debt on pieces of paper that are absolutely worthless? It just doesn’t make good sense to pay back on a debt that was created out of thin air. Why can’t the government tell the banking cartel to kiss off, we’re not paying that debt and all the interest that comes with it. Those pieces of paper you hold is not money, money has to have value. We use currency, which has no value and no backing with anything of value. Basically our currency is faith based; we have faith that it has some value. That faith is dwindling fast, as more and more people catch on to the banking racket.
The US government borrows 2 million dollars a minute. I don’t care if they say they’re going to reduce the national debt; it grows back like a horrible weed as soon as you cut it. The U.S. government ran a budget deficit of $188 billion dollars for the month of March alone. Compensation that the federal government workforce earned last year came to a grand total of approximately 447 billion dollars. If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.
How on earth can the Federal Reserve throw around billions of dollars with no accountability or oversight? Do you know where your tax dollars went? How about private accounts in the Cayman Islands and elsewhere. Matt Taibbi exposes some of the folks that the Federal Reserve has been sending money to in a Rolling Stone exposé
The Fed sent billions in bailout aid to banks in places like Mexico, Bahrain and Bavaria, billions more to a spate of Japanese car companies, more than $2 trillion in loans each to Citigroup and Morgan Stanley, and billions more to a string of lesser millionaires and billionaires with Cayman Islands addresses. “Our jaws are literally dropping as we’re reading this,” says Warren Gunnels, an aide to Sen. Bernie Sanders of Vermont. “Every one of these transactions is outrageous.”
It seems to me they are getting ready for something. Possibly making sure all insider friends have enough currency to last while the rest of us burn when the collapse comes.
I don’t know about you but, this has pissed me off for a long time. Now it’s worse than ever. If we don’t abolish the FED you, me and everyone else will be surly doomed in the next few years, if not a whole lot sooner.
Wish I could whipe that smerk off his face with a bat.