Message:

<p>[QUOTE=&quot;ratio411, post: 1218444, member: 26729&quot;]I heard an interesting take on our debt crisis yesterday...</p><p><br /></p><p>The Federal Reserve is mired in this murky exsistence where it is a private bank, but holds a place as a government entity.</p><p><br /></p><p>The suggestion was that the Fed puts itself into that place in the government right now, but if we default on our debt to the Fed, which is a great portion, we could say &quot;we defaulted on a debt to ourselves&quot;. We don&#039;t pay the Fed, so what... We are just not paying ourselves.</p><p><br /></p><p>Then it was suggested all the sudden, the Fed will rise up and shout from the treetops that they are a private bank, which the have consistently NOT done in the last 100 years.</p><p><br /></p><p>I am making sense?</p><p>Debt owed by our government, to our government = no harm-no foul if defaulted.</p><p>Then Fed will go from asserting it is part of govt, to asserting it is a private entity.</p><p>I thought it was an interesting discussion...[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in