Re: An explanation of the Federal Reserve's hidden perk.

On Sun, 25 Nov 2007 11:50:48 -0800 (PST), phil scott
<phil@xxxxxxxxxxxxx> wrote:

An explanation of how the private Federal Reserve Banks generate
wealth for themselves.



The fed prints money ..at virtually no cost, then loans it *at
interest..to the banks, who loan it to us at even more interest... we
use that money to buy property etc. then the fed cuts off money
supply... as in 1929.. (prior that it doubled the money supply)


The economy built on such banking practices collapses... the loans go
into default... the banks seize the property... presto... worthless
paper turned into real property

owned by...guess who?... the banks. In the final analysis, the
owners of the federal reserve banks.


simple enough.



any valid counter argument will consist of factual evidence... and
rational discourse, not name calling or other abusive behaviors of
course.

And any money that the Federal Reserve "makes", beyond nominal
operating costs, is returned to the United States Government. Sort of
hard for the Federal Reserve to get rich on that.
.

Relevant Pages

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