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Message Subject federal reserve 99 year contract is up dec. 23, 2012
Poster Handle He Is Risen Indeed
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As a follow up to my just posted item that Congress renewed the charter for the Federal Reserve in 1927 indefinitely, I have found no record that any further action has been attempted or made and am unsure about what I read regarding Kennedy. Interestingly enough, the reason the deficit is so high is because we borrow our money at a cost to these largely foreign-owned banks; we allow them to issue the bonds and we pay the dividends if I understand the system correctly. Some financial peeps could better explain this I'm sure.
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