bobomite

Save the Bailout Drama

'While the Fed is using the official excuse as "trade secrets" for non-disclosure, when it is OUR money and OUR debt, every single American deserves to know.'

Well... As the Federal Reserve is not a part of the Federal Government, and it is Federal Reserve stamped on the money, I don't see what makes you think it's "our" money at all.

We gave them the honor of taking care of the money years ago. After all, the government cannot be trusted to handle something that important. So goes the argument anyway.

Of course it could be argued that if the Fed was loaned money by the government instead of the other way around, then the Fed would have the right to use it as they see fit.

But I guess it's just better to let them have the cake and hide it too.

Bail Out Capitalism, Not Detroit

If the Treasury loaned money to the "Fed" and not the other way around, we would escape the debt spiral.

Since the "Fed" creates money out of thin air just like the Treasury would, what exactly are these massive and increasing debt payments buying us?