Governments don't make profits, that's why they can't take profits. The only reliable source of profit for a government would be for government to be the original lender of all legal tender into the monetary system, but the private corporation of the Federal Reserve has hijacked that profit stream away from the citizens.
>>"Governments do in fact borrow money directly from banks. They are called treasury bills and they are the linchpin of the economy."
No bank would lend to a government unless the government used the power of taxation to make the payments. The credit rating of a government without the power to tax is zero. Governments do not borrow on their own, they borrow as the agents of the citizens they tax.
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Friday, February 5, 2010
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