harrystottle's favorite federal-reserve pages, page 1

Last login: 13 hours agoHarrystottle: Harry is a guy from Bristol, England, UK.; Likes 3,770 pages, 126 videos, 20 photos • 95 fans • Received 13 reviews; Member since Oct 03, 2005

Favorites » His federal-reserve pages

Myth #7: The Federal Reserve charges interest on the currency we use.: Apr 16, 4:34pm 2 reviews politics, banking, federal-reserve
http://www.geocities.com/CapitolHill/Senate/3616/flaherty7.html; very interesting. The first serious refutation I've come across regarding the profit motives of the Fed. I've often wondered - if the Fed is privately owned by the big banking boys and creates money out of thin air as suggested by some of the New World Order crowd - where does all the profit end up? And it seems that it ends back in the US Treasury. If true, that certainly pricks many a conspiratorial balloon. I shall investigate further...