What's Behind the Bush?
by Joe Kress
The central banking system we “enjoy” today, is one where the Congress provides the Treasurer of the United States the authorization to issue interest bearing bonds (without hard asset backing which ended with the elimination of the gold standard) so that the central bank can issue federal reserve notes (without hard asset backing) to finance the spending habits of the Congress and the White House. The bonds are competitively sold at discount in the financial markets and the proceeds credited to the U.S. Treasury to pay for government purchases.....
http://www.newswithviews.com/Kress/joe11.htm
The central banking system we “enjoy” today, is one where the Congress provides the Treasurer of the United States the authorization to issue interest bearing bonds (without hard asset backing which ended with the elimination of the gold standard) so that the central bank can issue federal reserve notes (without hard asset backing) to finance the spending habits of the Congress and the White House. The bonds are competitively sold at discount in the financial markets and the proceeds credited to the U.S. Treasury to pay for government purchases.....
http://www.newswithviews.com/Kress/joe11.htm
rudkla - 27. Sep, 13:27
