Food for thought....there is a rub. Federal Reserve is owned privately. So what happens when the owners decide they have acquired enough debt to foreclose? The ugly secret of the 1913 Federal Reserve Act is in the interest. Say Treasury borrows $100. thus now owes Fed Reserve $106 (interest may vary). Is there enough cash to pay back $10…
Food for thought....there is a rub. Federal Reserve is owned privately. So what happens when the owners decide they have acquired enough debt to foreclose? The ugly secret of the 1913 Federal Reserve Act is in the interest. Say Treasury borrows $100. thus now owes Fed Reserve $106 (interest may vary). Is there enough cash to pay back $106 with only the $100 borrowed? The dirty secret is there is never enough to pay the debt both principal and interest. Maybe that's why all the elected leaders do is spend? Historically when President Kennedy for instance, and those before him, issued "government money" outside of the "interest scheme" bad things happened!
The Fed could only foreclose on themselves since they don't hold collateral on the debt they issue. Federal Reserve Notes and treasury paper is printed by the Bureau of Engraving and Printing. FRNs are sold to the Fed at the cost of production and lent back to the government at face value plus interest. Treasury paper is sold to the Fed in return for FRNs to circulate and electronic debt to fund the government. President Kennedy issued Silver Certificates on his own authority, not the government's.
But what is "Treasury paper" if but not interest bearing bonds?
Were not the Kennedy Silver Certificates issued, a non interest bearing instruments that transfers power from the Federal Reserve and back the United States Treasury, who for the most part of it's history issued the currency of the nation interest free until 1913 and the Federal Reserve Act.
The "holding of collateral" rebuttal is off base, as my original point was not to argue per se. Some insightful reading on the subject of "government issued currency" vs a "private group" is as follows.
Barbara Villers or A History of Monetary Crimes by Alexander Del Mar, M.E.
WEB OF DEBT by ELLEN HODGSON BROWN, J.D.
Babylons Banksters & Financial Vipers of Venice by Joseph P. Farrell
In closing I must ask about the differentiation between the President and "the governments" authority. How is does that division other than stated in the U. S. Constitution?
So in the end as of today you and I both owe at least $100,247 as a citizen and $259,103 as a tax payer, shouldn't we be more accusative with those who claim to spend on "our behalf"?
Food for thought....there is a rub. Federal Reserve is owned privately. So what happens when the owners decide they have acquired enough debt to foreclose? The ugly secret of the 1913 Federal Reserve Act is in the interest. Say Treasury borrows $100. thus now owes Fed Reserve $106 (interest may vary). Is there enough cash to pay back $106 with only the $100 borrowed? The dirty secret is there is never enough to pay the debt both principal and interest. Maybe that's why all the elected leaders do is spend? Historically when President Kennedy for instance, and those before him, issued "government money" outside of the "interest scheme" bad things happened!
The Fed could only foreclose on themselves since they don't hold collateral on the debt they issue. Federal Reserve Notes and treasury paper is printed by the Bureau of Engraving and Printing. FRNs are sold to the Fed at the cost of production and lent back to the government at face value plus interest. Treasury paper is sold to the Fed in return for FRNs to circulate and electronic debt to fund the government. President Kennedy issued Silver Certificates on his own authority, not the government's.
But what is "Treasury paper" if but not interest bearing bonds?
Were not the Kennedy Silver Certificates issued, a non interest bearing instruments that transfers power from the Federal Reserve and back the United States Treasury, who for the most part of it's history issued the currency of the nation interest free until 1913 and the Federal Reserve Act.
The "holding of collateral" rebuttal is off base, as my original point was not to argue per se. Some insightful reading on the subject of "government issued currency" vs a "private group" is as follows.
Barbara Villers or A History of Monetary Crimes by Alexander Del Mar, M.E.
WEB OF DEBT by ELLEN HODGSON BROWN, J.D.
Babylons Banksters & Financial Vipers of Venice by Joseph P. Farrell
In closing I must ask about the differentiation between the President and "the governments" authority. How is does that division other than stated in the U. S. Constitution?
So in the end as of today you and I both owe at least $100,247 as a citizen and $259,103 as a tax payer, shouldn't we be more accusative with those who claim to spend on "our behalf"?
Yes and no, depending on which question you want answered first.
No need. I apologize to Elizabeth Nickson as I took this beyond the scope of her post.