Comment: And the US Government retains the option

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And the US Government retains the option

of abolishing the Federal Reserve and taking over the issuance of currency. The Government ALSO has the option of repudiating the debt "owed" to the Fed. Remember Ron Paul trying to get Treasury to exercise that option? Which is why the Fed keeps buying US debt that they KNOW can never be repaid, and why they will continue to do so. Paper isn't expensive. Refusing to comply with US Gov demands -- that would be fatal for the Fed.

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...