Posted 3 years ago on July 27, 2012, 3:37 p.m. EST by hchc
from Tampa, FL
This content is user submitted and not an official statement
Where do you think their QE programs go? Who do you think rigs the interest rates? Its all the same people.
Heres a quick breakdown of why the banks love debt enslavement:
The Fed buys bonds on the open market (not very open though). They dont purchase them straight from the treasury, because that would be too easy. The Fed buys them from Goldman Sachs, who then sells them to the Treasury, at a slightly higher price thant what they paid them for.
Its a perfect scam.