General Discussion
In reply to the discussion: I can't find in US Constitution where it says... [View all]truedelphi
(32,324 posts)A Ponzi scheme is a scheme that allows people to buy into it - equally. As long as they pony up the money, they are part of the scheme. Those who are smart enough to jump out of the scheme early on are winners. But most people stay in and end up in trouble.
The Federal Reserve doesn't demand that AIG, Goldman Sachs or JP Morgan, or dozens of other financial firms pony up anything at all. It simply hands them out huge bundles of cash, in a digitized form. it gets away with this on account of the fact that most people in the US public are too stupid to understand this fact of its operation.
If people understood this fact, then we wouldn't be in a situation where we are now: where the candidates on both sides of the aisle are all staunch supporters of the Federal Reserve.
People in Iceland, Ireland, and judging from events of a few days ago, Madrid, understand all this and more about centralized banks