The Fed, it is claimed, makes money in the money digitization scheme. Whose money, where is it made? The Fed is digitizing short and lending to Congress and then promptly pays Congress the interest income it earns, from Congress.
The Fed is the last digitizer standing, the effective rate for digitized money, for Congress, is closer to zero than 4%. The Fed has created a computer industry, Digitize up some money, digitize it out to entitlement checks, and digitize inflation to zero with core CPI. Our government in DC has been relegated to a few hundred lines of code. So why do we need Tim Geithner and the Socialist Banking Network?
No comments:
Post a Comment