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Why won't the Fed just cancel/retire it's $ 4+ Trillion in U.S. Debt securities ???
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 1347486:MV8yNDgyMDQ3XzQyNzg2NTg2XzhBM0U2OUJB] [quote:Anonymous Coward 49937461:MV8yNDgyMDQ3XzQyNzg1ODE3XzM2OTZERUQ4] [quote:KipKat:MV8yNDgyMDQ3XzQyNzg1NDA0X0JGOUU0NzQ3] Because it is a private institution. They are not giving away their money, they give away yours and charge you for it! [/quote] They give away your money, charge you for it and demand you PAY THEM BACK WITH INTEREST. How can you pay someone back that didnt have it to give away in the first place? You dont need to repay what someone never had of their own to begin with. The fed has no purpose but to feed itself by taking from you the same dollar several times over. Fees to create at 3% Interest at variable rates, compounded. Demands for payback of a principle they never had. Its like borrowing gold from someone that has none to begin with but having to pay them in gold. Its a scam of intentional indebtedness, servitude, imprisonment and extermination. [/quote] False. The interest is paid back to Treasury in total. [/quote]
Original Message
1. The Federal Reserve supposedly derives its powers
at the express pleasure of the U.S. Congress.
2. The Federal Reserve Chair is appointed by the
U.S. President.
3. The Federal Reserve digitally creates real dollars
and uses them without Congressional oversight.
4. The Federal Reserve is currently carrying 4 Trillion
in U.S. debt.
5. Everyone on TV wants to know how the Fed will unwind
this balance sheet, by selling the debt to the markets,
or by holding the debt to maturity.
6. The U.S. taxpayer is paying interest on money created
at zero cost with full benefit of interest paid to the
consortium of banks headed by the Federal Reserve.
7. The Federal Reserve can never really take a loss, because
it always has a zero cost basis.
8. If the Federal Reserve serves American interests, why
don't they talk about canceling the debt off the U.S.
deficit by retiring the debt securities they hold ?
discuss.
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