Pages

Friday, June 3, 2011

U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

To translate this really means we are borrowing money from ourselves, and allowing others to get the interest rate profits.  Who designed this system? Professor Irwin Corey? Hell why don't we at least just borrow it from ourselves and get the interest rate profits for us. Giving money as foreign aid to another, country and then essentially borrowing it back at an interest rate that the foreign country profits from? 

Washington is full of idiots.

source: http://www.foxnews.com/politics/2011/06/02/us-offers-foreign-aid-to-countries-holding-billions-in-treasury-securities/