Freddie Mac-No Politics (FMCC)

[955]

This is not a problem?

https://usdebtclock.org/

At a very modest 1% interest rate (discount bank rate) that's a whopping $310 BILLION interest payment per year on the debt alone which doesn't include principal. Roughly $1 BILLION per day. National debt in dollars laid end to end would reach from here to Pluto.

Each time the printing presses are fired up, the dollar gets diluted, driving inflation, currently 8.5% annually, preceded by 9.1%. Turkey and Argentina are running at 80% and 78% respectively. Other countries are not that much further behind.

USG just passed a spending bill to keep Gov operational for the next 2.5 months, averting yet another shutdown. You read that right, just 2.5 months. Recall the series of Gov shutdowns leading up to the GSE heist. Afterward, Gov shutdowns miraculously disappeared. Why?

Debt isn't a problem? Surely you jest.


Rodney 5

955, Kindly, let me try to explain why I stated the problem is not the gov debt, that is not the reason the gov took over Fannie Mae / Freddie Mac.

Please note below, " Federal Reserve not only creates money out of nothing but also controls the value of the money that's created."

Money creation can affect the gov debt and the debt can easily be inflated away.

Best Regards

Below is a writing I wrote several years ago trying to explain the difference between a ‘Federal Reserve Note’ and a ‘United States Note’... What most Americans do not understand is that our United States Treasury has stopped creating our money and this power to create money has been given to a private corporation and the name of this corporation is the “Federal Reserve” and it is owned by private shareholders...

What most Americans do not know. It's not that most Americans can't know it's the simple fact that most have not taken the time to know...
The difference between a United States Note and a Federal Reserve Note is that a United States Note represented a "bill of credit" and was inserted by the Treasury directly into circulation free of interest. In other words, a United States Note was created by the United States Treasury. The United States Note also known as “greenbacks” ended in 1971.

The Federal Reserve Note is created by the Federal Reserve and upon creation the Federal Reserve makes a profit of 6% as defined as a statutory dividend. In other words, instead of the United States Treasury creating the money supply at no cost to the United States Taxpayer the Federal Reserve is creating the money supply and charging the United States Taxpayer 6% on money creation.

What most Americans do not understand is that the Federal Reserve is not the United States Government. The Federal Reserve is a corporation owned by private stockholders which are international bankers. What's deceptive in giving an appearance of impression different from the true one is the wording “Federal,” Certain words and phrases can be misleading.
Example: Federal Express (Fed Ex) The word “Federal” in the business model of Federal Express has nothing to do with the Federal Government.

Now how would you like to own a business where you could create money out of nothing and receive a 6% dividend? And what's amazing the Federal Reserve not only creates money out of nothing but also controls the value of the money that's created. (Value: purchasing power). And the poor ole American worker is caught in this system of payment (Federal Reserve Note) which is being devalued by a minimum of 2% per year. (2% Fed target rate of inflation).

On average the American worker gives 40 hours of his or her life every week to receive the U.S Dollar as compensation. Think about that for a moment. On average 40 hours of your Blood, Sweat, and Tears to receive compensation paid in the amount of U.S. Dollars and at minimum the U.S. Dollar is being devalued at a rate of 2% per year. This calculates the U.S Dollar will lose 20% of its purchasing power in a 10-year period of time! THIS IS ALARMING.

Former Fed Chairman Alan Greenspan made the statements.

Quotes: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” …

“The Fed is a Privately Held Agency; Completely Independent of U.S. Government-no other agency of government can overrule its actions.”