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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (7394)2/24/2009 12:30:18 PM
From: Wayners  Read Replies (1) of 103300
 
To me it doesn't matter if in the short term SS and MC are being paid and whether or not they are Ponzi schemes. In the short term, Ponzi schemes pay off too.

Nations do have the right to print and issue their own bonds and currency and the Congress in this country has that sole power by the Constitution. So why do we rely on the privately owned Federal Reserve to print our currency in exchange for Govt bonds that pay interest to the Federal Reserve? The Federal Reserve is simply a middleman who promises "price stability" that has never occurred since 1913 in return for these interest payments. I bet the Federal Reserve makes $40B a year for providing no services to the U.S. Taxpayer.
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