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Repugnant Abomination · 02-03-2009, 03:14 PM

Can someone please explain to me why we've given control of our currency to a private bank? Why do we let them print our money when government itself has the right to print money, interest free? My understanding is by letting the federal reserve do it, it creates interest that we can never hope to pay back. Then you take into account that the income tax directly goes to paying the interest on our debt, and I can draw no other conclusion that it is wealth redistribution to the banking elite.

Am I missing something?

02-03-2009, 03:14 PM	#1 (permalink)
Repugnant Abomination Almost there... Join Date: Feb 2005 Posts: 5,979 Internets: 164547	The federal reserve Can someone please explain to me why we've given control of our currency to a private bank? Why do we let them print our money when government itself has the right to print money, interest free? My understanding is by letting the federal reserve do it, it creates interest that we can never hope to pay back. Then you take into account that the income tax directly goes to paying the interest on our debt, and I can draw no other conclusion that it is wealth redistribution to the banking elite. Am I missing something?