Who was it, Rothchild (?) who said, "Give me control of a country's money supply, and I care not who makes it's laws." (or something like that). Now we see what he meant. Besides borrowing money to actually spend, the bankers have our government paying interest TWICE on the same money. No wonder that even when we reduce spending the deficit grows. grrrr.
Besides which, when the Fed prints paper money, it all costs exactly the same to print no matter what numbers they put on it, but they sell it to the government at the face value. Since we know they make a profit on even the $1 bills, the profit on the $100's & $500's really keeps them in business!
no subject
Besides which, when the Fed prints paper money, it all costs exactly the same to print no matter what numbers they put on it, but they sell it to the government at the face value. Since we know they make a profit on even the $1 bills, the profit on the $100's & $500's really keeps them in business!