Comments on: Ron Paul on How the Federal Reserve Rips You Off http://libertymaven.com/2009/09/18/ron-paul-on-how-the-federal-reserve-rips-you-off/7330/ For Liberty, One Individual At A Time Sun, 12 Feb 2012 08:44:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: olde reb http://libertymaven.com/2009/09/18/ron-paul-on-how-the-federal-reserve-rips-you-off/7330/comment-page-1/#comment-8206 olde reb Mon, 10 Jan 2011 03:35:51 +0000 http://libertymaven.com/?p=7330#comment-8206 The national economy, since 1913, is based upon a Ponzi scheme. Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks. The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence. Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at <a href="http://www.scribd.com/doc/43482648/rip-off-by-the-FR" rel="nofollow">http://www.scribd.com/doc/43482648/rip-off-by-the...</a> and <a href="http://www.scribd.com/doc/43465593/QE2-Rational-Course-of-Action" rel="nofollow">http://www.scribd.com/doc/43465593/QE2-Rational-C...</a> The national economy, since 1913, is based upon a Ponzi scheme.

Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks.

The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence.

Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at http://www.scribd.com/doc/43482648/rip-off-by-the…
and http://www.scribd.com/doc/43465593/QE2-Rational-C…

]]> By: olde reb http://libertymaven.com/2009/09/18/ron-paul-on-how-the-federal-reserve-rips-you-off/7330/comment-page-1/#comment-8207 olde reb Mon, 10 Jan 2011 03:35:51 +0000 http://libertymaven.com/?p=7330#comment-8207 The national economy, since 1913, is based upon a Ponzi scheme. Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks. The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence. Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at <a href="http://www.scribd.com/doc/43482648/rip-off-by-the-FR" rel="nofollow">http://www.scribd.com/doc/43482648/rip-off-by-the...</a> and <a href="http://www.scribd.com/doc/43465593/QE2-Rational-Course-of-Action" rel="nofollow">http://www.scribd.com/doc/43465593/QE2-Rational-C...</a> The national economy, since 1913, is based upon a Ponzi scheme.

Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks.

The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence.

Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at http://www.scribd.com/doc/43482648/rip-off-by-the…
and http://www.scribd.com/doc/43465593/QE2-Rational-C…

]]> By: olde reb http://libertymaven.com/2009/09/18/ron-paul-on-how-the-federal-reserve-rips-you-off/7330/comment-page-1/#comment-8208 olde reb Mon, 10 Jan 2011 03:35:51 +0000 http://libertymaven.com/?p=7330#comment-8208 The national economy, since 1913, is based upon a Ponzi scheme. Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks. The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence. Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at <a href="http://www.scribd.com/doc/43482648/rip-off-by-the-FR" rel="nofollow">http://www.scribd.com/doc/43482648/rip-off-by-the...</a> and <a href="http://www.scribd.com/doc/43465593/QE2-Rational-Course-of-Action" rel="nofollow">http://www.scribd.com/doc/43465593/QE2-Rational-C...</a> The national economy, since 1913, is based upon a Ponzi scheme.

Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks.

The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence.

Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at http://www.scribd.com/doc/43482648/rip-off-by-the…
and http://www.scribd.com/doc/43465593/QE2-Rational-C…

]]> By: olde reb http://libertymaven.com/2009/09/18/ron-paul-on-how-the-federal-reserve-rips-you-off/7330/comment-page-1/#comment-8209 olde reb Mon, 10 Jan 2011 03:35:51 +0000 http://libertymaven.com/?p=7330#comment-8209 The national economy, since 1913, is based upon a Ponzi scheme. Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks. The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence. Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at <a href="http://www.scribd.com/doc/43482648/rip-off-by-the-FR" rel="nofollow">http://www.scribd.com/doc/43482648/rip-off-by-the...</a> and <a href="http://www.scribd.com/doc/43465593/QE2-Rational-Course-of-Action" rel="nofollow">http://www.scribd.com/doc/43465593/QE2-Rational-C...</a> The national economy, since 1913, is based upon a Ponzi scheme.

Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks.

The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence.

Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at http://www.scribd.com/doc/43482648/rip-off-by-the…
and http://www.scribd.com/doc/43465593/QE2-Rational-C…

]]> By: olde reb http://libertymaven.com/2009/09/18/ron-paul-on-how-the-federal-reserve-rips-you-off/7330/comment-page-1/#comment-8210 olde reb Mon, 10 Jan 2011 03:35:51 +0000 http://libertymaven.com/?p=7330#comment-8210 The national economy, since 1913, is based upon a Ponzi scheme. Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks. The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence. Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at <a href="http://www.scribd.com/doc/43482648/rip-off-by-the-FR" rel="nofollow">http://www.scribd.com/doc/43482648/rip-off-by-the...</a> and <a href="http://www.scribd.com/doc/43465593/QE2-Rational-Course-of-Action" rel="nofollow">http://www.scribd.com/doc/43465593/QE2-Rational-C...</a> The national economy, since 1913, is based upon a Ponzi scheme.

Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks.

The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence.

Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at http://www.scribd.com/doc/43482648/rip-off-by-the…
and http://www.scribd.com/doc/43465593/QE2-Rational-C…

]]> By: olde reb http://libertymaven.com/2009/09/18/ron-paul-on-how-the-federal-reserve-rips-you-off/7330/comment-page-1/#comment-8211 olde reb Mon, 10 Jan 2011 03:35:51 +0000 http://libertymaven.com/?p=7330#comment-8211 The national economy, since 1913, is based upon a Ponzi scheme. Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks. The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence. Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at <a href="http://www.scribd.com/doc/43482648/rip-off-by-the-FR" rel="nofollow">http://www.scribd.com/doc/43482648/rip-off-by-the...</a> and <a href="http://www.scribd.com/doc/43465593/QE2-Rational-Course-of-Action" rel="nofollow">http://www.scribd.com/doc/43465593/QE2-Rational-C...</a> The national economy, since 1913, is based upon a Ponzi scheme.

Every “dollar” in circulation is created based upon debt. Congress gives T-securities (bills, bonds, or notes) to the Federal Reserve, and the Fed credits the Treasury’s account with the value of the securities. Voila !!! New fiat money. Congress can spend up to the limit of the account and the Fed will honor the checks.

The problem is that the arrangement obligates the US to pay interest on the principal thus generated. The interest has never been generated. It does not exist. It is impossible to culminate the agreement. The only way the interest can be paid is to generate more principal and pay the interest on the initial securities from the principal on the later securities. It is the classic Ponzi, par excellence.

Mathematical details on the rip-off by the Fed, including how the Fed obtains the ENTIRE VALUE of ALL issued securities (off of the accounting records) is posted at http://www.scribd.com/doc/43482648/rip-off-by-the…
and http://www.scribd.com/doc/43465593/QE2-Rational-C…

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