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Panama Red Gets Fed up with the Fed

Quicklink submitted by Mari Eliza     Permalink
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Rockvale TN, June 27, 2012 --- Now I'm no financial titan, no master of the universe, in fact my bidness card should read "Panama Red ---Experienced Wealth Mismanagement, Guaranteed Results".

But lately I've been thinking, it's dangerous for a man in my condition, I know but there's a question I've been asking myself lately, namely:

Why do we have a system where the Fed lends money to the Banks so that the Banks can buy Government Bonds, giving the Government money for the bonds which the Government then has to repay at interest somewhere down the line? There's where your deficit comes from, friends and neighbors.

Read the rest of the story HERE:


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Thanks Red. Always good to ready the Road Essays (... by Mari Eliza on Wednesday, Sep 5, 2012 at 3:44:48 PM