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To: Bid Buster who wrote (248187)7/2/2003 3:51:38 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
I wonder whose share I'm holding then.



To: Bid Buster who wrote (248187)7/2/2003 5:02:30 PM
From: Lazarus_Long  Respond to of 436258
 
That's the total. The increase since 2001, which I believe is the number of interest, is about $330 for each person on the planet.

Considering the US has only 5% of the world population, though, it's $6600 per US citizen. Even bigger than your number.

There seems to be no solution that will satisfy everyone. There was a time in US history when there was no Fed. That didn't work all that well. Also, if you look at the history of other nations that have had government-controlled national banks, you will see them going through the same sorts of gyrations.

(AND it can also be said that the FRB is NOT a government-controlled national bank. It is closer to being a private corporation whose stock is held by private banks, but whose directors are appointed by the President.)