Thread: $76.4 Trillion USD

^ Go clean your house you nasty monster..

Originally Posted by pseudolus

Your anaolgy does not take into account INTEREST which is never created. Money as debt has INTEREST attached to it. That interest is not created along with the money that is created. Sure they don't print that in the corporate media, but if you want to refute that show me a debt that has been created money that does not have INTEREST or even an ADMIN fee attached to it... because that has not been created, so in paying the INTEREST or Admin fee back you are sucking out all wealth of the world which is natural resources, land, and people.

ok you must have missed the part where the FED pay itself the interests because it holds most of the outstanding debt

it's like you owe yourself a debt and pay yourself an interest, the interest has no impact

+1 -1 = 0

zero sum game

Fed pays 6% to the owners for a start.

Secondly, the FED does not create the vast majority of the money out there; banks and financial services companies do every time they make a loans to people and companies. Any money in circulation has started as a debt, whether it be as a debt to the Fed, a debt to a bank, or what have you. There are no free debts as well you know, and for the last time, the debt creates the money, but the interest and charges due on that debt is never created. So eventually all the real wealth of a nation gets transfered to the owners of the banks and the FED in lieu of interest, which can never be paid.

Do you really believe that all money in the world comes from the FEDERAL reserve? Do you think there are any central banks that are not actually private banks?

Originally Posted by pseudolus

Fed pays 6% to the owners for a start.

no it doesn't, you are confusing federal fund rate, with long term yield and coupon rate

like I said, go get an education on how US Treasury works otherwise you are going to make yourself look like a fool for it

Originally Posted by pseudolus

Add the collective national debts of every country in the world, you find out that the world is $76.4 Trillion USD in debt.

Just sayin'

Just out of idle curiosity, in debt to whom?