http://brucepenhey.com/roll-out-the-printing-press/ Sat, 17 Jul 2010 00:44:59 +0000 hourly 1 http://wordpress.org/?v=3.0 http://brucepenhey.com/roll-out-the-printing-press/comment-page-1/#comment-28 john kelly Fri, 27 Mar 2009 23:45:06 +0000 http://brucepenhey.com/?p=79#comment-28 "The announcement by the FED that they would buy up to $300 billion in longer-term treasuries" is an example of the doublespeak that surrounds the High Temples Of Money Creation and their High Priests. The kind FED is buying up treasuries, sounds like the US government has something the Banks want - yes they do, the willingness to create a debt-bearing asset for the banks, OUR DEBT. Makes it sound like the FED actually has the money to give the government. THEY DON'T, but through Fractional Reserve Banking, they create the MONEY based on the LOAN. It sounds crazy, but it's true - prove me wrong. Thanks for your post Bruce, and please see my post http://jj-kelly.com/who-owns-the-money-tree-watch-this-video/ ciao JJ “The announcement by the FED that they would buy up to $300 billion in longer-term treasuries” is an example of the doublespeak that surrounds the High Temples Of Money Creation and their High Priests. The kind FED is buying up treasuries, sounds like the US government has something the Banks want – yes they do, the willingness to create a debt-bearing asset for the banks, OUR DEBT. Makes it sound like the FED actually has the money to give the government. THEY DON’T, but through Fractional Reserve Banking, they create the MONEY based on the LOAN. It sounds crazy, but it’s true – prove me wrong. Thanks for your post Bruce, and please see my post http://jj-kelly.com/who-owns-the-money-tree-watch-this-video/
ciao JJ

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