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Jack Sotallaro's avatar

The problem with stopping payments to the FRB in support of their printed fiat money, is that I believe they have to issue bonds of some type to pay for the bonds. That's why our debt keeps climbing, to pay the interest on bonds used to pay for fiat money. We need to revoke the federal reserve's power to print money and have congress do it as the Constitution says they should. The local federal reserve banks are owned by the banks they service, so we can keep them, but should get rid of the Federally owned Federal Reserve Board.

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Carol K's avatar

This is masterful overview and recap of what needs to be said!

Every item mentioned has been discussed separately somewhere on SS and you have organized it

Nicely.

I tuned into an NBC newscast just to see what they were saying about the current administration and was amazed at how this post was so accurate? They were having a party blaring all of these points like major successes? It was disgusting! Kamala was being raised to sainthood? It was an example of “ if you tell a lie often enough” ….?

How about going one step deeper into your topic of the FRB? They print the money and it becomes the national debt. But the interest WE pay back goes where? Is that money just profit in the pockets of

Whom? Who are those who. Manage that transfer and what happens when and if we don’t meet repayment deadlines?

No one talks about that ? They manufacture currency out of thin air? So what happens if we just stop paying on the debt?

Can’t wait for more info?

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