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To: GROUND ZERO™ who wrote (44928)	1/30/2013 1:17:34 PM
From: expiredoptions	1 Recommendation Read Replies (1) \| Respond to of 220708

GZ, good answer! and another interesting point is when money is created out of thin air, we have to sell treasury bonds to other countries to help pay for this debt. This didn't use to be a problem until recently the other countries see our debt problems: $2.7 trillion taxes taken in, $3.8 trillion paid out. $16.4 trillion national debt (sold treasury bonds) Plus the Federal reserve is holding another $3 trillion on their books (much of it is crap mortgages but some is our own treasuries that are suppose to be bought by other nations), and spending another $1 trillion on these monthly giveaways ($85 billion a month until infinity) When the rest of world finally figured out the extent of our financial woes , they cut back and are not buying enough of our treasury bonds. So the Fed is now buying $45 billion a month of our own treasuries to help finance this catch 22 management method. That's why instead of the Fed's balance sheet dropping after the sale of new treasurers, its actually increasing! (to the highest level in history!) Blue line below is taxes taken in ($2.7 trillion) Red Line below is money paid out ($3.8 trillion).

To: GROUND ZERO™ who wrote (44928)	1/30/2013 2:29:01 PM
From: Fiscally Conservative	Read Replies (2) \| Respond to of 220708

GZ: How can the Fed be doing that without accountability; "the FED is printing that money and giving it to the banks so they could swap out their bad housing debts" Who is now holding the bad housing debt ? My understanding is the Treasury is printing and giving the money to the Fed who in turn is giving it to the banks and the taxpayer is on the hook. The Fed is currently $ 3+ Trillion in the hole by their own accounting standards which means the Treasury has printed $3+ trillion and has given it to the Fed. The question arises how they crooks plan on dealing with the accounting ? And nobody is talking about that, and I mean nobody!!