Quote from: Yakamoto on December 27, 2015, 09:35:20 PM

Quote from: iternetuser on December 27, 2015, 08:51:01 PM

Quote from: tommorisonwebdesign on October 24, 2015, 07:54:28 PM

The debt of the United States is a direct result of that of the US federal reserve. The fed prints every new dollar and loans it to the US Treasury at interest. With that system in place, it is impossible for the US to pay off their debt, unless they abolish the fed.

Quote from: Denker on October 24, 2015, 08:46:10 PM

https://www.youtube.com/watch?v=iFDe5kUUyT0

"The Biggest Scam In The History Of Mankind (Documentary) - Hidden Secrets of Money"

I guess many of you will know this video. I think it fits perfect in this thread as it shows how ridicolous this debt system is.

u guys are aware that the "profit" a central bank generates gets passed on to the government treasury?

Well at this point I would say there isn't any profit being generated by the central banks, and most of the government treasury is just additional debt...

Is profit necessary anymore, for governments at least? Most governments choose to just create debt anyways.

its not rly profit since a central bank cant make profit (but most ppl agreed to just call it profit)
99 billion got send to the U.S treasury in 2014 for example