I just lost a ton of respect for you, GWB.
The federal reserve owns half of the US debt (around 5 trillion) and our interest each year to them is so great that is equates to every single dollar Americans pay in income taxes annually.
But where did the federal reserve get all this money to start with? Nowhere. They just printed it out of thin air and threw it into circulation thus devaluing our dollar 96% since it's inception less than a century ago.
There's your fucking Financial 101 lesson, you ignorant prick.
|