RIP-OFF BY THE FEDERAL RESERVE: How they stole it all!
____________________________________________ The $8.4 trillion in income does not reveal itself in the ANNUAL REPORT TO CONGRESS; Ref. Tables 10 and 11, pages 454 to 462 REPORT for 2009. Id. (Auctions are not Open Market transactions. Securities that are not sold are assigned to SOMC.) This appears to be $8.4 trillion that is concealed from Congress and the public. ___________________________________________ Revised 3/14/2011 PREFACE: This mathematical analysis shows how: 1. The present practice in the U.S. of creating book-entry money via T-securities (deficit spending) in the amount of the principal of the security, with a promise to repay the principal PLUS the interest, is impossible. The interest is never created; the debt is perpetual and must continually be increased or the economy will collapse from de-leveraging; 2. All other fiscal obligations of the nation must be curtailed while the growth in debt will escalate. The exponential growth of the interest and snow-balling debt will increase until the entire wealth of the nation, and of future generations, is inadequate to fund it; 3. ALL money created by Treasury securities goes into the pocket of the Fed ($8.4 trillion for 2010). Not only does the Fed receive the interest (if not sold), but also the value of the security upon maturity (or by sale). Congress has temporary benefit of $1.4 trillion deficit money (until maturity) during 2010; 4. The operation is, as in any Ponzi scheme, predestined for inherent national bankruptcy when buyers to roll over the debt cannot be found. As the scheme becomes visibly precarious, the interest rate will sky-rocket and accelerate the collapse. ********************************* The Federal Reserve uses euphemistic smoke and mirrors to obscure their scam. With full knowledge the following is not the way the Fed/government describes the system, allow me to offer a different analysis of their operation. MORE AT:http://ppjg.wordpress.com/2011/03/26/rip-off-by-the-federal-reserve-how-they-stole-it-all/
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Funney to think they want to throw that guy in jail who was behind the silver backed liberty $ and yet the FED is allowed to produce counterfit money day in, day out and that robs the value of the money in peoples pockets.
People in the UK go to jail for not paying parking fines and these bankers are allowed to get away with anything and that should be seen as a war cry to anyone that has a real job and is fighting on to keep a roof over their heads.
This game of monoply won’t go on much longer.