Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand

Submitted by Quest-News-Serv... on Sat, 06/30/2012 - 17:14.

One of the primary reasons why our system is structured this way is so that wealthy people can get even wealthier by lending money to the U.S. government and other national governments.

For example, last year the U.S. government spent more than 454 billion dollars just on interest on the national debt.

Over the centuries, the ultra-wealthy have found lending to national governments to be a very, very profitable enterprise.

The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.

Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.

http://beforeitsnews.com/story/2312/045/Where_Does_Money_Come_From_The_G...

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