[Excerpt] ... Not only are the Fed's loans nearly interest-free, but they are never paid back. The federal debt has not been paid off since 1838, when Andrew Jackson shut down the Second U.S. Bank. "Balancing the budget" just involves "servicing" the debt with interest. Money that comes from an interest-free loan that is rolled over indefinitely is essentially debt-free legal tender. The infamous helicopter line in Bernanke's 2002 speech came in when he was discussing how the government's money-creating power could be used to cut taxes. ... Read more
Send in your questions, or call-in tonight when Ellen Brown appears on Radio Free Kansas beginning at 10pm (central). Call in phone number 646 716 8652. Explore her website, articles, audio from previous radio shows and chapters from the book at Web of Debt.
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