BILLIONS for the BANKERS
DEBTS for the PEOPLE

THEY PRINT IT - WE BORROW IT AND PAY THEM INTEREST

    We shall start with the need for money.  The Federal Government, having spent more than it has taken from its citizens in taxes, needs, for the sake of illustration, $1,000,000,000.  Since it does not have the money, and Congress has given away its authority to "create" it, the Government must go the "creators" for the $1 billion. 

But, the Federal Reserve, a private corporation, doesn't just give its money away. The Bankers are willing to deliver $1,000,000,000 in money or credit to the Federal Government in exchange for the Government's agreement to pay it back-with interest So Congress authorizes the Treasury Department to print $1,000,000,000 in U.S. Bonds, which are then delivered to the Federal Reserve Bankers.

    The Federal Reserve then pays the cost of printing the $1,000,000,000 (about $1,000) and makes the exchange.  The Government then uses the money to pay its obligations.  What are the results of this fantastic transaction?  Well, $1 billion in Government bills are paid all right, but the Government has now indebted the people to the Bankers for $1 billion on which the people must pay interest! Tens of thousands of such transactions have taken place since 1913 so that by the 1980's, the U.S. Government is indebted to the Bankers for over $1,000,000,000,000 (trillion) on which the people pay over $100 billion a year in interest alone with no hope of ever paying off the principal.  Supposedly our children and following generations will pay forever and forever!

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