Comments on: Bailout Blues http://coedmagazine.com/2008/09/28/bailout-blues/ College, Lifestyle and Ladies Fri, 27 Nov 2009 21:59:50 +0000 http://wordpress.com/ hourly 1 By: Keith http://coedmagazine.com/2008/09/28/bailout-blues/comment-page-1/#comment-2353 Keith Mon, 29 Sep 2008 10:54:11 +0000 http://www.coedmagazine.com/?p=33290#comment-2353 Except we really don't pay for it. You will not see a large deduction on your paycheck's for it. They will just get a bank loan from the Federal Reserve, Which is actually a private bank and in no way at all run by the Federal Government. That will in turn print out money with no backing at all (Quite literally like Monopoly money) because they don't have to audit the gold they supposedly have. Thus the national debt goes up because the government got a loan from the reserve. It is not possible to recover from the national debt. EVERYtime the Federal Reserve prints out money, the debt goes up. Watch the movie "America: Freedom to Fascism". Except we really don’t pay for it. You will not see a large deduction on your paycheck’s for it. They will just get a bank loan from the Federal Reserve, Which is actually a private bank and in no way at all run by the Federal Government. That will in turn print out money with no backing at all (Quite literally like Monopoly money) because they don’t have to audit the gold they supposedly have. Thus the national debt goes up because the government got a loan from the reserve. It is not possible to recover from the national debt. EVERYtime the Federal Reserve prints out money, the debt goes up.

Watch the movie “America: Freedom to Fascism”.

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