Bringing us almost beyond Smedley Butler
War Is a Racket - Wikipedia, the free encyclopedia
"War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small 'inside' group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes."
So it could be said that the government has just reduced itself to becoming the taxation or extortion arm of the US finance system, finally overtly against its own population.
That's what you get for voting for robust freedom-and-enterprise loving Republicans instead of whingy and demanding tax-and-spend Liberals.
and if they eventually do not want.. well.. it means the system is decoupled and F*** the US would be the santard rant you will heard from other central banks.
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
"Discount rates" offered by the FRB to certain T-bill dealers are, well, less than coupon yield issued (H.15) http://www.federalreserve.gov/releases/h15/Current/
Public debt to the penny http://www.treasurydirect.gov/NP/BPDLogin?application=np
Interest payments on the public debt http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
The Treasury and Congress, like any American household, "budgets" and "negotiates" with its creditor (FRB) to pay minimum interest due each month. MoM it's roughly 10% of total receipts -- OUTLAYS exceeding MoM balance roll-over into MoM total debt.
Treasury http://www.fms.treas.gov/mts/mts0808.txt
Yeah, it's a scary way to run an organization. Diversity is the key to economic and political evolution.
