Ron_Artest 2,429 Posted 8 hours ago 1 hour ago, easilyscan said: I have to chuckle when I hear the Fed warning about a $3 trillion collapse, when they're currently in debt by 38 trillion, & that's not counting 100's of trillions in SS & Medicare unfunded liabilities Federal reserve, not the US government Share this post Link to post Share on other sites
easilyscan 1,065 Posted 7 hours ago 4 minutes ago, Ron_Artest said: Federal reserve, not the US government You're half right......The Federal Reserve is an independent central bank within the government, not a standard government agency. Share this post Link to post Share on other sites
jonmx 2,484 Posted 3 hours ago 3 hours ago, easilyscan said: You're half right......The Federal Reserve is an independent central bank within the government, not a standard government agency. No...it is 100 percent privately owned and with privately employees. It's only 'government' is the federal reserve board which are a bunch of lackey bankers working in the interests of banks. It is completely outside the federal government with the exception of some alleged oversight which has never bothered to audit the books. We simply trust them to properly account for trillions of dollars. Ot is a scam which has enslaved citizens to the debt-based currency which only possible outcome is exponentially growing debt. Share this post Link to post Share on other sites
easilyscan 1,065 Posted 3 hours ago 58 minutes ago, jonmx said: No...it is 100 percent privately owned and with privately employees. It's only 'government' is the federal reserve board which are a bunch of lackey bankers working in the interests of banks. It is completely outside the federal government with the exception of some alleged oversight which has never bothered to audit the books. We simply trust them to properly account for trillions of dollars. Ot is a scam which has enslaved citizens to the debt-based currency which only possible outcome is exponentially growing debt. How do you really feel about the federal reserve......lol Just kidding, I feel the same way. There's so much more, like Fannie and Freddie. Government sponsored enterprises that don't have to open their books like other publicly traded entities. Those 2 also played a big part in the meltdown of 2008-2010 Fannie Mae recently eliminated its minimum 620 credit score requirement for loans processed through its Desktop Underwriter (DU) system, following a similar move by Freddie Mac, to help more buyers qualify by focusing on overall financial strength, not just a score. Share this post Link to post Share on other sites
