Fed's Trillion$ Purchase of Bonds is a Fraud

Fed's Trillion$ Purchase of Bonds is a Fraud

Dick Fojut writes:

The nine PRIVATE Banks that OWN the (so-called) "Federal Reserve" aren't going to "buy" a (near) Trillion in U.S.Government Bonds using any "money" of their own! Their "purchase" is a FRAUD!

At a cost to the "Federal Reserve" Banksters of only ink, paper and labor, our Treasury's hired printing presses will print off a TRILLION in "Federal Reserve" paper "Dollars" - backed by nothing but thin air!

With that Trillion in "legal" play-money (manufactured out of thin air) - the Fed Banksters will "purchase" a Trillion in REAL Government Treasury Bonds - obligating future American taxpayers to re-pay the Fed Banksters a Trillion PLUS Interest, in REAL money!

At least the Chinese purchased US Bonds using their own REAL cash! (more)