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Originally posted by DevilJin
The majority of the debt the U.S. has is owned NOT by China but by the Federal Reserve, bankers and the U.S. itself. If you take away the financing for the military, then the military will erode and become obsolete as other nations' military become bigger and more technologically advanced. Think about that - that's an over 600 billion dollar budget gone. The military is NOT bigger than the legal or banking system.
"Might makes right" is not applicable when it comes to those who FUND your military.
If your theory was accurate, you would think more college students would gang up together and use to force against the banks they took money from to get out of paying their debts.edit on 18-12-2010 by DevilJin because: no reason
Originally posted by DevilJin
reply to post by saabacura
My point is still valid as your comment proves nothing. The military cannot exist without the financial backing of bankers.
You may want to actually READ what we owe to the FED. It seems like you are just guessing and being opinionated.
www.abovetopsecret.com...
Originally posted by saabacura
Federal Reserve is a government organization which only determines the interest rate. That is their only job. The US do not owe anything to the Federal Reserve as it is created by the government.
If the US cease to exisit, so does the Federal Reserve... nobody owes nothing....
Originally posted by saabacura
Originally posted by DevilJin
reply to post by saabacura
My point is still valid as your comment proves nothing. The military cannot exist without the financial backing of bankers.
You may want to actually READ what we owe to the FED. It seems like you are just guessing and being opinionated.
www.abovetopsecret.com...
Federal Reserve is a government organization which only determines the interest rate. That is their only job. The US do not owe anything to the Federal Reserve as it is created by the government.
If the US cease to exisit, so does the Federal Reserve... nobody owes nothing....
To the other point, I know that the US military is backed by the economy of the united states. So long as the economy of the US can support the actions aboard, through taxes paid by citizens, it will function....
The US military is not backed by the banks.... but the economic output of its citizens as a whole... (so I guess bank is part of it) Remeber bank is just like any other private company which pays taxes to the US government
Who has to most money in the world????
The US government.edit on 18-12-2010 by saabacura because: (no reason given)