Quote:
Originally Posted by f3lix
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.
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I know all these things.
I just hate people making such broad statements as "Anybody with any knowledge of this country's financial situation knows how devastating the federal reserve is to our country."
You sound ignorant when you say this.
The people at the Federal Reserve themselves know a lot more about this country's financial situation than you, but they have a differing oppinion.
It's one thing to say that the Fed hurts America, it's a drastically different thing to say that EVERYBODY WHO HAS EVER DEALT IN FINANCE ACCEPTS THAT THE FED KILLS AMERICA.
Stop making blanket statments.