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minaung1 (December 31, 1969 at 6:59 pm)
The money is backed by the US governments credit rating with the promise that this debt will be paid back with interest.
minaung1 (December 31, 1969 at 6:59 pm)
The treasury bond is just a government bond, its used to raise cash, its value is set by how many people demand treasuries, if theres more demand you recieve less interest on it.
Italirican08 (December 31, 1969 at 6:59 pm)
I think better way to phrase my question is:Where does the treasury bond come from? What sets its value? What is that bond backed by??
Italirican08 (December 31, 1969 at 6:59 pm)
where does the Fed get money from...i know they just print it out blindly. but how do they account for money which is suppossed to have value to back it. For every dollar there's some form of value to back it...well how do THEY create the value? Fuckin Fed SUCKS! Can anyone answer this for me?
dimviesel (December 31, 1969 at 6:59 pm)
its hard not to cry
Warhorse46 (December 31, 1969 at 6:59 pm)
In the news Chrysler wants 7 billion in aid and our legislators are jumping up and down saying "too much money". Yet just a few short weeks ago those same legislators gave the bankers 700 billion, or 100 times as much. The amount Chrysler is asking for now is 1 PERCENT of the recent bank bailout. True the automaker management has made bad decisions too, but this is backbone middle class people in the trenches we are talking about, on the assembly lines, not fat pig bankers.
Warhorse46 (December 31, 1969 at 6:59 pm)
And what is one of the largest slices of the federal budget each year? Paying the interest on the national debt, currently at 10.6 trillion and going up at 3.6 billion dollars a day at current rates, bailouts, etc. (google "national debt clock")
Warhorse46 (December 31, 1969 at 6:59 pm)
The typical American pays about 30% of total income to income tax, and this might be conservative. Here's another way of looking at it. The first 3 months of every year you work (Jan, Feb and March) pays only income tax. Or the first 2 and 1/2 hours of every 8 hour work day at work, pays only your income tax. Remember before 1913, or for the first 120 some years of the country, no income tax, it came in at the same time as the bill to establish the Fed.
PersonsNathan (December 31, 1969 at 6:59 pm)
how much is the income tax?
kylatruther (December 31, 1969 at 6:59 pm)
summersidebeach,Yeah...that's the main point of this whole documentary. Focus on the way he's pronouncing words... |
