US Interest Payments on National Debt now Exceeds US Defense Spending per Annum ($1.025T v. $1.021T)

by ThePandaRider

6 comments

  2. So for those who are still, STILL unfamiliar with the Federal Reserve Act of 1913, under the Rules and Divisions section, the Federal Government MUST, by law, borrow their money from the Federal Reserve and that money borrowed must always, ALWAYS, add up to be enough to generate 6% profit for the Federal Reserve Bank which is a private bank with private shareholders. So its law, let me repeat that again, because no one seems to understand this. Its the LAW that the USA must borrow its money from the Private Central Bank, which Bank of America is one of the biggest share holders, by law, the USA MUST borrow their money from them every year and “PERPETUALLY” stay in debt to the Central Bank because the law guarantees a 6% profit every single year, regardless of what the economy does. It is in fact illegal for the USA to ever pay it off. Also they are in fact EXEMPT from taxation, the same as the NFL (National Football League).

    Just like George Carlin said. Its a big club and YOU AIN’T IN IT!

    [https://www.federalreserve.gov/aboutthefed/section7.htm](https://www.federalreserve.gov/aboutthefed/section7.htm)

  3. Well yeah.. interest rates goes up so cost of debt is up.. Trump gutted tax revenues like many GOP admins before him so revenues are down and we have to take on more debt… What do you expect to happen?

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