Tuesday, September 20, 2011

The Federal Debt As Criminal Scam, The Federal Reserve As Criminal Syndicate

The Federal Reserve is a criminal syndicate buying debt that the government eagerly creates and sells for spending money that dumps the debt on us civilians. What perplexes me is that the scam is so simple and all the intellectuals either don’t get it or are handcuffed by mega-corporate media owners.

The scam in simple terms:

1. Uncle Sam borrows money from The Fed, China, oil exporters, Bank of England, etc. by selling Treasury bonds

2. You are responsible for the bonds, i.e. IOUs

3. Uncle Sam collects taxes and pays the bondholders

4. The debt is breaking us; life will not be the same in the years to come

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