Here is an interview by Iranian Press TV with Michael Burns, an American economist.
While he doesn’t answer the questions particularly well, at least the gist of what he’s saying is
- that money is created from nothing and sold for “interest”
- that the Fed didn’t solve the ‘crisis’ in 2008
- that the American people were lied to.
Filed under: Central Banks, Credit creation, Economics, Federal Reserve, Government debt, Money as Debt, National debt, Public debt, Sovereign debt
[...] Iranian TV exposes Federal Reserve scam: Fed creates money for interest, not jobs! (publicdebts.org.uk) Related Tags: England, English law, Federal Reserve System, Government, Life liberty and the pursuit of happiness, Thirteen Colonies, United State, United States Declaration of Independence Previous Topic: US debt crisis [...]
[...] Iranian TV exposes Federal Reserve scam: Fed creates money for interest, not jobs! (publicdebts.org.uk) [...]
[...] Iranian TV exposes Federal Reserve scam: Fed creates money for interest, not jobs! (publicdebts.org.uk) [...]
Very interesting blog. Printing money for interest… makes sense but very sad.
I guess “sad” is an understatement, because of all the lies and deceptions that have been built over the decades and even centuries to hide the truth…
[...] Iranian TV exposes Federal Reserve scam: Fed creates money for interest, not jobs! (publicdebts.org.uk) [...]
[...] Iranian TV exposes Federal Reserve scam: Fed creates money for interest, not jobs! (publicdebts.org.uk) [...]