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|User Info||p20 - trying to connect the dots; entered at 2011-11-21 11:10:28|
Registered: 2007-09-11 Live Free Or Die; US Army Est. 1775
Just let the 'no one lends intentionally at a loss' part sink in for a while.|
Consider that the Federal Reserve and its member banks, the primary dealers (all private, for-profit, institutions), which are responsible for the creation of our money through demand for debt, are lending to our government, which in turn, allows our government to spend money it doesn't have. The reason that the private banks do this is because the taxpayer is an 'infinite' source for the payment of interest, even as the money for payment of that interest is never created. In essence, the leverage, from their perspective, is unlmited. The banks profit off of all Americans regardless of whether or not Americans personally borrow money.
Taxpayer ===><=== Banks
Last modified: 2011-11-21 11:34:16 by pika-steph