Bernie is a piker

Strike the Root
by Jim Carter

02/12/09

If you really want to see a Ponzi scheme on a large scale, look at the Federal Reserve. They have a deal worked out with Congress where they loan money that they do not have. All Congress has to do to have first claim on this new printing press money is give the Fed a security (bill, bond, or note) in the amount Congress wants and the Fed will make a credit on the accounting books of the government for that amount. Presto! New money off of the printing press. It’s like a credit card that never needs to be paid...

//www.strike-the-root.com/91/carter/carter1.html


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Ponzi
//freepage.twoday.net/search?q=Federal+Reserve
//freepage.twoday.net/search?q=Bernanke

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