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Who Are The HandMaidens Of Our Economic Destruction?
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[quote:Lester:MV8xMjk3OTE3XzIxMjQyMjYxXzVBMjlCNUI=] Total Federal Admitted Deficit in 1974 was $270 Billion. Over $100 Billion of that had been added on by VietNam War and other Johnson Great Society deficit spending schemes. Money went into the Deep Pockets... Taxpayers paid and keep on paying.... Didn't go to VietNam? You are still being fucked by the war... By 1981, deficit was about $1 Trillion. Then, we just "had to takedown The Soviet Union" Reagan Admin spent another $2 Trillion... But remember who owned the USSR? Wall Street and City Of London entities... The StarWars and other techno race BS benefited the Deep Pockets owned by same people. Collapse of USSR Enabled Its Owners to get money out into market and have USA Fund the Russian Renaissance. For several years, a daily Military Flight to Russia took a pallet load of $100 in Federal Reserve Notes to Russia. How much money in a ton of $100 bills? Of course, benevolent as our Elected Officials are, money was not loaned; just a "gift"... Today after so many further siphonings USA Admitted debt is almost $15 Trillion... Read Boston Univ Economist Laurence Kotlikoff's article in August WSJ where he states the US Actual debt including unfunded mandates is over $200 Trillion.... [/quote]
Original Message
Federal Reserve now "owns" $1 Trillion of USA Treasury Bills and Notes, they admitted that this week.
Not like that "bank" ever "made any money" aside from the 6% and other fees they collect from the hide of the taxpayer for "creation services" attendant to their role in USA monetary management....
Where did they get $1 Trillion since March to purchase the USA debt obligation???
Of course, they put another Trillion onto the back of the taxpayer, but will collect the interest plus the principal from us/US when notes/bills mature...
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