🚀 go-pugleaf

In article <9502100124591.DLITE.maallen@delphi.com>
           maallen@delphi.com "Mark Allen" writes:

> It's also interesting how the Fed helps create our "national debt."  [BTW,
> if you are in doubt about the Fed being a private bank, just give one of
> their branches and ask them if they are an agency of the Fed. Gov., and
> they'll tell you no].  The Bureau of Engraving and Printing prints up the
> FRN bills and sells them to the Fed. at cost.  Then, the U.S. Treasury
> trades Treasury bonds and T Bills for the FRNs.  Thus, the Fed gives the
> treasury its "funny money" that the government itself prints in exchange
> for LOANS backed by the credit of the U.S. government!  This is our
> national debt.  If you are an employer, you know that the money you deduct
> from wages is deposited DIRECTLY to a commercial bank that is part of the
> Federal Reserve system, and the IRS gets the form in the mail showing it was
> paid in.  The cancelled check on the back is stamped "payable to any Fed.
> Res. bank" -- NOT payable to the treasury of the United States.  The Fed.
> reserve keeps this money as payment on the national debt.  I have read
> several books on this, and I realize this is an oversimplification, but that
> is it in a nutshell.  And, as a parting thought, the Rothschilds in Europe,
> as well as other foreigners, are the biggest stockholders....... and you
> can't buy this stock on Wall Street!  This is the biggest scam in history.
> 
> John

John - man this scam is even bigger than that - here is the ABC of how 
the Fed works - and man my five year old kid thinks this is crazy!

The "Fed" takes a notebook and a pen and wirtes in it - US GOVERNMENT 
OWES US 50, Million or some such - then it issues 50 Mil worth of 
currency....

This fifty mil is not backed by ANYTHING - there is NO GOLD there when 
this cycle starts!

Nuts?????

Scam????

F**king major scam more like....
-- 
Cliff Woods, International Sales and Marketing  Phone: +44 1342 328567
ARC Music Productions Int. Ltd, PO Box 111      Fax:   +44 1342 315958
East Grinstead, West Sussex, RH19 2YF, UK       cliff@arcmusic.demon.co.uk