brookings,

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Nov. 20., 2010 | 10:19 pm

wouldn't U B too bored to comment on this
http://bit.ly/ddHyxE
in as much detail as it doesn't bore you to death = for the idiots in economy
like myself? I'll appreciate anything comes to your mind in this respect

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Comments {4}

brookings

[#]

from: [info]brookings
date: Nov. 20., 2010 - 11:07 pm
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Ah, you know that will take time. The only thing I would say is that he doesn't mention that the Federal Reserve is a private bank that prints dollars, and charges the State interest on it. The US treasury has lost the power to state where and how much the Federal reserve is turning out this... well printing money as debt.

All of this will have to be repaid. The Federal reserve creates money out of nothing, and then charges interest on it.

How close this is to what the ECB does, I don't know.

By the way, do you know who as the last US President to issue money without the Fed?

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silvija

[#]

from: [info]silvija
date: Nov. 21., 2010 - 09:56 am
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Roosevelt? I don't

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silvija

[#]

from: [info]silvija
date: Nov. 21., 2010 - 09:59 am
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No, the tricky powers to create money out of nothing were delegated to Fed by Morgans. and they manipulated whom? - some president - into writing it off to them. so what's the answer?

besides, regarding idiot Dod-manis, all his premises are wrong,
USA isn't economic power no 1 because of India and China, in my view.

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brookings

[#]

from: [info]brookings
date: Nov. 21., 2010 - 10:53 am
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Kennedy started issuing debt free greenbacks a few months before the grassy knoll incident.

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