Who gets paid the "INTEREST" on the "NATIONAL DEBT"??
Submitted by Jdayh on Tue, 08/31/2010 - 01:03While the short answer may be the Federal Reserve,who specifically is getting this money??
(if you don't know, or don't know why it is important to know..please keep reading...)
The 2010 Fiscal Year Total of the US interest payment is $375,247,863,222.70
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
THAT IS 375 BILLION + A YEAR!!! SOMEONE (or someones) is getting a lot of all our hard earned money .....FOR NOTHING!!!
If we can find out who the actual individuals are who are getting paid all that money... would they not be open to prosecution, either via Superior court civil action, or (if only) even criminal Court for running a ponzi scheme, or for creating money out of thin air??
(I am sure there are other charges... for any of you legal people..please add the charges as you may see it)
Now, why should you care, or why should anyone care?? These banker scam artists have been operating with the benefit of secrecy for like 80 years or so...making all that money ... imagine if suddenly AMERICA THE SLEEPING GIANT ..woke up!! There would not be a piece of soil on earth that they could hide on ... there would be thousands of "bounty hunters" on their ass.. for like EVER!!! (once the truth about their 80 year old scam got out, that is)
So , again I ask... who specifically is getting paid over 375 BILLION DOLLARS A YEAR OF THE TAXPAYERS MONEY??
(can you imagine, if this knowledge was front page news in just one major newspaper...talk bout riots by noon!!--hehe well maybe drudge can post it with a link to here..)
The "national debt" is in the form of U.S. Securities
So the holders of those securities would be the recipients of that interest.
This is not a short list and does include many, many Americans.
Well, what I have always
Well, what I have always wanted to know, is WHO said it was FINE to borrow money from Communist Countries, anyway. It seemed like ALL OF A SUDDEN we owed PILES of money to other countries! Well who in H started this, and why did we not vote on it??
Interesting discussion
bump for others.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
grace commission under
grace commission under Reagan....
President Reagan "Grace Commission" Flight of the Income Tax
Submitted by Mark Twain on Mon, 09/06/2010 - 01:08.
http://www.dailypaul.com/node/143510#comment-1530467
President Reagan asked innocently, "Where do all our income tax payments go?" He created the "Grace Commission" to find out.
Brief summary: Your Income Tax payments completely disappear.
Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
many people below have stated, that the interest goes to
bondholders.... which may be so.
But how is it that the Fed and the bankers that control it, are making so much money, if all the interest is just paid out to people like you and me who own T bills and bonds?
(or is it that they just print money and use it at their whim, with little or no oversight??
If so they can
-- start their own religions...
--fund any type of social engineering...
-- purchase politicians completely and forever...
-- pay off any judge..
-- pay off any police force...
--.....etc.etc...
is this happening? or can it even be found out if it is??
Not all the interest is paid to the little guy.
And what do you mean by "control it?"
Control "what?"
And define "control" in this context.
I'm not following you.
ok will re-word it...
how is it that the FED and the bankers that control the FED (federal reserve) are making so much money off of us Americans? If the "interest" on the national debt is actually being paid out to the average citizen, then... how is it that the bankers who own the Federal Reserve, are able to make so much money? (do they just own more t-bills, bonds? or is it their stock in the FED reserve?)
---------------
If we had an interest free currency..(ie colonial script, or Lincoln greenbacks ,etc) Then there would be no interest paid out to anyone. While obviously having a gold /silver backed currency is optimal... having a fiat currency that is debt free would be at least second best.
but ...when will anyone in congress ever realize this simple understanding??? (except RP, of course)
An interest free currency would mean no or almost no taxes needed ... imagine if suddenly there were no more IRS and no more taxes ?? (at least federal) talk about supercharging the economy!!
Further support of your point a few pages down...
According to the commission under Reagan...
Submitted by JSBach on Mon, 09/06/2010 - 00:10
http://www.dailypaul.com/node/143510#comment-1530445
Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
thanks for that....
I had seen that at one time all taxes west of the Mississippi were used to pay the interest payment on the national debt. But, now it seems that ALL TAXES COLLECTED ARE USED TO PAY THE INTEREST ON the "NATIONAL DEBT"?
Unbelievable... if only the populace knew.... There would be no place the bankers could hide....
Your Welcome. 100% of Income Tax Gone w/o One Nickel of Service
1984, Shocking Conclusion: 100% of Income Tax Gone w/o One Nickel of Service. It goes to pay interest on "National Debt" & transfer payments. Take from you to pay others waiting in line.
This was the conclusion of the 1984 "Grace Commission" ordered by President Ronald Reagan.
Soceity is absurd... but you get used to it.
Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
Would that be
Trust #65 in the Commonwealth of The Philippines.
Attorneys, judges, snoops receive kickbacks on IRS collections. The President receives kickbacks on IRS collections.
Just one last kick in the nuts, then a final deathblow
No creditors = no debt
The Coinage Act of 1792 proscibes death for debasing the currency.
Proscibe: to publish the name of as condemned to death with the property of the condemned forfeited to the state
Sounds like a plan to me.
End the Fed
Not quite. Here's the actual language of the act.
This penalty and crime only applied to "any of the officers or persons who shall be employed at the said mint..."
Anyone outside this group who did so, even with officer or employee help, was not hereby declared a felon. (though the officer or employee would be)
Congress itself debased several of the coins a few times in history. Now they don't even mint them anymore except for a few specimens as commemorative pieces.
FRNs (or their historical counterparts) are NOT contemplated by this act. Only gold and silver coin.
Do I think such people should suffer the death penalty? Yeah, but good luck getting them convicted much less arrested and tried.
Great ARticle on this very same subject!!
TAKING BACK WHAT IS OURS!
http://dailypaul.com/node/145372
(if only we can find a way......)
More Than Interest @ The Fed
So Much More Than Interest
Much of this of this discussion is excellent. The "National Debt" interest payment has a mystical origin. Intriguing.
Why would Dr Ron Paul wish to End-the-Fed if it were simply a nice bank, offering interest to old folk,orphans & needy others?
Why?... Why is the Fed
What Shall You Do?
Questions?
http://www.FederalReserve.gov
Further research on Counterfeiting?
http://www.UStreas.gov/offices/treasurer/
Counter-Fitting history (US Treasury History)
Mark Twain review of the US Treasurer Website Counter-Fitting History? (alternate spelling provided)
http://www.dailypaul.com/node/143467#comment-1528300
Who could be doing all that Counter-Fitting they worry about? Ask Pogo. He might know.
Support Dr Ron Paul End-the-Fed.
Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
Franklin Roosevelt: "I'm going to control you, since 1920!"
Franklin Delanor Roosevelt: "I'm going to control you, since 1920! I will humbly increase the debt note circulation, until aour' debt notes are circulating in every single state, central control is what I want....Give me yer gold!!"
The original progressive ought to wake up all the so called "progressives" of today, about what sort of a Colonel Chicken they supported.
By the way, the bondholders get everything...So doesn't that mean the Fed can rig the game, thus "count all their money/chickens" -- "off the books"? As in - "I got a Forex account....now all we bankers got another Forex account, trading the Fed-dead debt notes!!"
Each one worth thousands....or more since they buy up all the bonds & we don't know how many bonds any of them have.
Federal Reserve
- Loaning you blind since 1913.
Interest: Bond Holders. Thx RiverRun. Fed is More Than Interest
Original answer to this form:
RiverRun directly answered this forum question, August 31: Who gets the interest? The Bond Holders. Nice summary on the first thread to this forum
http://www.dailypaul.com/node/143510#comment-1526255
Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
According to the commission under Reagan...
The Commission Reagan set in place to investigate such things, determined that already by the end of the 1980's, 100% of the (fraud) income tax was paid directly into the Federal Reserve, as interest on the national dept owed by the people.
So, your wealth as labor, at least half a years worth, not counting the fraud counterfeiting which sucks the value from everything else you hold, all that labor for half the year, is paid right into the Fed coffers.
There are a very limited number of private stockholders of the Federal Reserve bank. You are not one of them. They had no money to lend. They counterfeited your value from your bank account, lent it to the government account, and we pay interest on that!
Certainly we do not pay back principal! There was never money owned, by the Fed owners, to lend. They were given the power to take all our 'gold coins', lay them on a bench, hammer them thin, cut them into more pieces of coin, shape them and stamp them with new letters, hand us back the same number of coins (lighter in weight of course), then hand the rest of the newly hammered thin pieces, to the government... as money on which to pay interest!
All that was "lent" was subtracted from the wealth held by all who hold FRN's... and that is everyone...
except those who deal in silver and gold!!
President Reagan "Grace Commission" Flight of the Income Tax
President Reagan asked innocently, "Where do all our income tax payments go?" He created the "Grace Commission" to find out.
"If taxpayers only knew, they would be more willing to contribute. Wouldn't they?" he reasoned.
Mr President, I have dusted off the "Grace Commission" report you ordered... It is a beaut.
One Line Comeback: 100% = Federal Debt Interest & transfer payments.
Abysmal Findings: The sad truth.
Quote from "Grace Commission" Report Findings
Pres. Reagan Grace Commission Report:
http://www.uhuh.com/taxstuff/gracecom.htm
Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
sounds right to me!
...sadly, its true
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
You do!!
If you want, that is. Buy a Treasury Bond. You will get the interest payments.
My favorite people in the world: Ron Paul, Glenn Beck, Peter Schiff, Judge Napolitano, Milton Friedman, Bob Barr, and John Stossel
That's true, you will get the interest payment, but where
does that interest payment come from? From your taxes!! Haha, gotcha!
Debbie
The Fed has never been truly audited...
This "partial" audit is a joke, but its sure lending light to the fact the Federal Reserve has been loaning out quarter-billion dollar trust funds to Grecian, Turkish banks across the board.
I sure would love to be on the inside of some of those meetings, see which percentage goes where. That's ninety percent of the problem. The Fed are thieves.
The answer is very simple ...
Have you ever owned a T-bill?
Now the FED is holding a lot of the US debt on its books, so the FED is getting the interest on that debt.
China, Japan, and Russia also own a lot of this debt.
Not sure why this is such a big deal.
The big deal should be that the US shouldn't be racking up this debt in the first place.
WAHOR!!
http://www.dailypaul.com/node/48994
The Fed is just a conduit.
They give the money to back to the Treasury.
My favorite people in the world: Ron Paul, Glenn Beck, Peter Schiff, Judge Napolitano, Milton Friedman, Bob Barr, and John Stossel
What about the principle,
What about the principle, then? So... the FED prints up $1 billion out of thin air... loans it to government at interest... and eventually gets the principle paid back + the interest. It then gives the interest back to the treasury. So who gets the magically created $1 billion principle in the end? The FED. Who needs interest when you can counterfeit the principle?
smoke screen
While it is technically true the Fed sends their profits to the Treasury, they spend most of the money before it drops into the profit bucket.
The Fed owns most economists due to all of the studies they purchase.
Anything left over is spent on first class tickets for Ben, and sending money to their banker friends via paying too much interest on the bank's "excess reserves".
http://FlipFlopRomney.blogspot.com
This aspect of the Fed is audited.
The only part of profit that the Fed keeps goes to paying their meager salaries. If you want to get rich, you don't get a job at the Fed. Bernanke's salary is under 200K.
My favorite people in the world: Ron Paul, Glenn Beck, Peter Schiff, Judge Napolitano, Milton Friedman, Bob Barr, and John Stossel
You have no proof of this
The Fed has never been fully audited. We have no proof of their salaries.
http://www.ustreas.gov/offices/treasurer/
6%.