This will not be news to most of us, but here’s a nice summary posted on Yahoo’s Tech Ticker. Banksters borrow from the Federal Reserve Bank at zero (or from savers at practically zero), lend to the U S Treasury at 2% or 3% (by buying U. S. Bonds), and pocket the difference. Courtesy of the taxpayers, and especially those of us who have saved. (Yeah, I know many folks don’t pay federal income taxes, but isn’t everyone entitled to a share of what the government could fund if it wasn’t paying the banksters?)
One thought on “How we’re subsidizing the big banksters”
the solution to this would be to eliminate the monetary system.