posted on Jul, 31 2012 @ 07:36 PM
Some people have difficulty understanding exactly what has been going on in the Federal Reserve Bank and where our "money" originates. I think
that confusion leads to frustration which ultimately leads to apathy for some folks because they just give up trying to understand the jargon and
Recently, I found this web page and it explains the situation very well and in common language. What is especially interesting, to me, is that the
page was done some 3 years ago and the author of it tells us what has happened (up to '09), what IS happening (in '09) and what WILL happen.
Economics 101: Without the BS
IMHO, it's well worth the read even for those who do have a good understanding of the fiscal situation we're in because perhaps those of higher
understanding could isolate pieces of this site's explanation that need to be broken down even further and break them down here. Or perhaps some of
you will notice errors in the information and can correct them here?
I believe that the more people we can reach and help to fully understand what is and has been happening, the more people will be rightfully incensed.
The wider the knowledge, the greater our hope to do something about it.
Whether the $9 trillion is actually "missing," the truth at the bottom of the pile is that it is NOT real money but we, the tax payers, ARE expected
to pay it back.
Excerpts from the site: (ex-text won't work for me, so quoted off-site material is in bold for clarification)
"Now both of these $100 Bills cost 4 cents to produce. In the old days the govt would simply print up a red seal $100 United States Note for 4
cents and spend the money on something it wanted. Not anymore. Today, the Federal Reserve gets to produce the $100 Bill for 4 cents and then sells the
$100 Federal Reserve Note to the US Government for $100 Face Amount.
"Now some of you might be saying, "Why should I care about any of this?" I'll tell you why. You know all that income tax that comes out of your
paycheck every week? Well your money is paying for this. Your income tax dollars do not pay for things like you think. The personal income tax does
not pay for the military, roads, schools, or anything like that. It simply pays for the federal reserve notes with the green seal. In fact both the
income tax and Federal Reserve were created in the same year - 1913. The income tax was created to finance the federal reserve.
"A $100 United States Note issued in 1966 only costs America 4 cents. While a $100 Federal Reserve Note issued in 1966 costs America $100 + $5 a
year in interest for a total of $315.00
The site author's conclusions under "The Solution" are (again, my opinion) accurate simply because it has been proven that had the first "Great
Depression" just been allowed to play itself out it would have ended much sooner (and it's my opinion we are now in a Greater Depression, despite
the lies being told to the contrary).