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FEDERAL RESERVE HIDES PROFITS FROM CONGRESS The headlines screamed that we needed to increase the National Debt to prevent an economic collapse. Wait a minute. Is that the whole story? Much is said of how the increase of the National Debt ceiling is inflationary, and it surely is. But the gain by the United States government is only temporary. The real profit goes to the Federal Reserve and Wall Street but that profit is hidden from Congress and the public.There are two conceivable ways the…See More

RIP-OFF BY THE FEDERAL RESERVERevised 3/31/2011PREFACE: This mathematical analysis shows how:1. The present practice in the U.S. of creating fiat book-entry money via T-securities /deficit spending in the amount of the principal of the security, with a promise to repay the principal PLUS the interest, is impossible. The interest is never created. The debt is perpetual and must continually be increased or the economy will collapse from de-leveraging. Contracts that cannot be culminated are void…See More