02-02-2010, 02:06 AM
No, I would say that in fact no money is actually created, only debt is created.
So my thoughts are...the government creates the bonds from nothing more than a promise of the people to cover them. The fed takes the promise and multiply's it by 10 and charges the people intrest there by locking them into a none stop circle of debt that can never be paid back. Seems the government should be printing the money themselves and at no interest to the people they represent. What is the middle man for? The fed plays no role other than to fleece the people.
So my thoughts are...the government creates the bonds from nothing more than a promise of the people to cover them. The fed takes the promise and multiply's it by 10 and charges the people intrest there by locking them into a none stop circle of debt that can never be paid back. Seems the government should be printing the money themselves and at no interest to the people they represent. What is the middle man for? The fed plays no role other than to fleece the people.