Let me see if I have this correct.
Fed prints money out of thin air…..Then gives it to banks…..who loans to government or buys treasury bills while making enormous fees. Government uses money to buy votes.
Tax payers (less than 50% of us) pay it all back. Kind of like a credit card. You know they take longer to pay off than a mortgage. In fact, now days, you really don’t have to pay your mortgage.
I think that is how it works.
Pride and shame no longer exist in our society. Otherwise, these and other things would not be acceptable.
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