To pay for
these bonds that it buys from the Treasury Department, the privately owned Federal
Reserve creates a billion dollars on its computers, out of thin air, from
nothing, and electronically credits the account of the government (specifically,
the U.S. Treasury Department), thereby exchanging this newly created (from
nothing) billion dollars for the billion dollars-worth of U.S. Treasury bonds that
it has just printed up. Cost of printing
up such bonds: perhaps 25 cents. But
for that 25-cent investment, the U.S. government is now a billion dollars
richer, and the banksters at the Fed have an additional billion dollars-worth
of bonds through which they can begin to extract large amounts of interest
payments from the rest of us. Where exactly
does the money come from that is used to pay this interest, which ultimately
ends up in the pockets of the banksters?
Ultimately it comes from taxpayers like you and me, who must work to earn it! It is collected from us by the IRS and is then
paid to the banksters, as interest payments on the bonds they (the banksters) purchased
from the government.
Slick
racket, huh? The only problem with it is
that it is gradually impoverishing ever larger numbers of the rest of us. And as the amount of new money printing
accelerates, and the buying power of our dollars falls accordingly (from the inflationary effects of our economy being swamped by all this new money), that number
of poverty-stricken Americans is going to begin to grow exponentially.
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