Now these bankers are turning to the US taxpayer to buy this financial trash. You don’t have to be a financial guru to see the problem here.
Overseas investors are now so sick of today's over-rated dollar that they will soon be dumping them as fast as the Fed can print them.
The record shows that the Fed attacks our savings year after year with an over supply of money, referred to by some as the "inflation tax". It’s a math equation and it will likely yield a certain result.
Fed History 101
So who are the Fed? The fact remains that the overwhelming majority of American actually believe that the Federal Reserve Bank is owned by the government of the United States of America. The truth is that it is neither "Federal" nor does it have any "Reserves". Yes, you heard that right. It's a cartel of banks, complete with private shareholders. Sure, you might say, all businesses have cartels, right? Well, this happens to be the godfather of all cartels on the planet.
Let's get this straight: in 1913 the Federal Reserve Act took the responsibility of printing the US dollar away from the US government and into the hands of the Federal Reserve Bank- and lending these Fed dollars back to the US government at interest. And what of Federal Income Tax? The IRS was then created and explicitly required by the new Federal Reserve Bankers to secure the new US national debt by collecting a new Federal Income Tax. See how that works?
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