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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (73207)10/30/2006 2:25:22 PM
From: orkrious  Read Replies (1) of 110194
 

ork, when the Fed buys government securities, it doesn't keep the interest earned. It rebates back to the Treasury, net of expenses.

So what. The treasury pays it to the Fed and the Fed gives it back to the treasury. It's all a scam.

Did you hear that from Griffins? He said over and over that taxpayers are getting reamed because the Fed charges interest on money created out of thin air.

Those specific words? No. I was listening to it in the background and doing other things. The one thing I heard is that the taxpayers are getting screwed and he's right.
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