Quote:
Originally Posted by Morozee
The Federal Reserve is a private bank with a clever name to make people think it's a government owned and controlled entity. This is what I believe Ratigan was referring to in his rant. The Federal Reserve increases the money supply, which is simply more debt that the US has to pay interest on directly to the Federal Reserve. No one knows where this interest money goes because no one is allowed to look at their books! Robbery.
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But unlike other banks the Federal Reserve can print their own money. Forget where the interest is going; The bigger question is what backs up the dollar and how much can they safely print?