US Debt Clock secret window 9/8/2024. END THE FED racket.
(media.greatawakening.win)
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Ending the FED won't stop the spending.
OK, but the spending is not the problem.
If your country has $1 billion of "stuff" and you then print another $1 million to build something then your country now has $1.01 billion of stuff and all is well.
The problem is when you ask someone else to print that $million for you and you then need to pay back, say, $10,000 every year, for ever, afterwards because they lent you the money they just printed at its face value.
That extra $10,000 does not exist so it can never be paid back. To pay it back they need to borrow even more. Do that with $trillions for a few centuries and you ramp up a huge debt and the bankers are making money hand over fist.
When you need to borrow more money to pay back your debt you are not increasing the amount of stuff your country has and that causes inflation. The bankers win again.
The FED is not the Fed; the FED is the Foreign Exchange Dept in all banks i.e. the moneychangers, where for a fee, exchange British pounds for FRNs someone benefits, someone loses-just go to any airport exchange storefront..
People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest
...But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency.
Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. -Thomas A. Edison