“The Fed sells all those bonds to investors – who will, of course, want their money back, with interest.  So, where will the money for paying off those bonds come from? From taxes, of course.  When a government sells a bond, they are selling a right to their tax receipts. And that means your kids will be taxed to pay it all off.  The Fed will keep the houses, of course, but hidden behind paragraphs of confusing financial and accounting terminology.  Home ownership in America is falling off a cliff, as you can see in this graph. So, Mr. and Ms. America, get ready to meet your new landlords: Benny and the Banks.”

http://www.freemansperspective.com/ben-bernanke-buying-house/

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy