timjowers

Fed Facing a 'Money Trap'

The best article I've read on the FED in a while. Ponzi scheme. $30B to a bank but not one dime to mortgage holders. Hmph!

Also, if the US government defaults then who will be first in line to take the government lands? Treasury holders? I think 12% of the land in the USA is claimed by the US government so each dollar does have a real hard asset behind it I think.