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Federal Reserve Ponzi Scheme

Discussion in 'Politics, Elections & Legislation' started by otnot, Sep 19, 2011.

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  1. otnot

    otnot Active Member

    Jan 29, 1998
    This is the best explanation I have ever read on why we can never pay back our debt.

    If the Fed makes $100, we taxpayers owe them $101.00 in return, where do we get the extra dollar to repay them? From the Fed?? Yes, from the Fed because there are no dollars except for those produced by the Fed.

    But then we would owe them interest on that dollar, too!

    So the Fed lends us a second $100. We take a dollar from that hundred and pay the interest, leaving us with $99. But owe $101!

    So the Fed lends us a third $100. We take two dollars from the hundred to pay the interest, leaving us with $98. But we owe $101!

    This cycle continues with ever increasing loss of our spending power because a higher portion of our money is needed to pay the interest.

    It is impossible for us to become debt free because every dollar we receive comes with interest owed. In fact our debt grows.

    Meanwhile, the private bankers who create the federal reserve notes like cotton candy see themselves becoming richer and richer.

    It is a Ponzi scheme that started 98 years ago. We are just now seeing the folly of the arrangement.

    This needs to be taught to every student in school along with an explanation that when Congress creates the money there is no debt. We can vote them out of office, too, if they print too much or too little whereas we have no say over the Fed's actions.
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