{ok}my question, what I suppose.USA Is broke. We need at least 1[one
trillion $ more than taxes bring in to the treasury{US institution}
1]step one , congress passes increase in US Debt Ceiling [2}no one wants to lend money to USA at 0% to %3 for 10 years.China has
excess dollars from trade with us, but does not want to lend to US> 2] so I think, US treasury calls JP MORGAN ,to raise 1 trillion
US $$$$[they take a small underwriting fee}{this is million of US
Dollars.3} JP Morgan call the Federal Reserve{a private bank>>>
who in 1966, took over issue of US currency>>>they replaced
silver certificates{issued by the US treasury,redeemable from
Fort Knox bullion depository>>in 1966 for one dollar,of fine silver bullion}NOW [3] the good part!!!!!The Federal RESERVE,nothing federal, just a name, Like Harry,TIM or Johns reserve bank, goes to the basement, pulls $100 bills puts in trucks>>>>and to save time++++by right the armoured cars should go to JP Morgan>>>and JP Morgan , should hire new trucks to take the money to the US Treasury in DC, to put into vaults. [4} the
underwriter takes delivery , of $1,000,000,000,000 [ trillion}
of USA Treasury securities, and delivers them to the {federal reserve bank} -*************WHA LA "RABBIT OUT OF EMPTY HAT" OR
$1 TRILLION OUT OF EMPTY HAT{ THE FEDERAL RESERVE, CONTRACT OUT
TO HAVE AS MUCH CURRENCY, AS THEY THINK THE COUNTRY WILL NEED{the
money in your pocket says"this note is legaltender for all debts,public and private, by signature Treasurer of the United
States{why does the US Treasurer, sigh a note issued by a "private bank>>the "federal reserve bank" see $100 note HC38112363A {georgeacquire@juno.com} please correct me, somebody!!!!