I’ve noticed some people rather aggressively tell people that FDIC backs all their money in the bank. (Almost as if they think you’re too dumb to grasp a simple concept) But do this people understand that FDIC is backed by the Federal Reserve……….and that Federal Reserve bank notes are backed by nothing but debt………….and that if those debts (mostly owed to foreign investors) are called in the whole house of cards will fall?? Noah H…………So if all the banks failed you think EVERYBODY would get their money from the bank back?? lol FDIC would owe over $30 trillion if that happened. NO ONE has that much money. Raye…………..FDIC is backed by “the full faith and credit of the United States govt.”………….JUST LIKE THE DOLLAR BILLS. Do you know why?? The government creditor is THE FEDERAL RESERVE!!!!!!!!! moose………..”The Fund must go to zero before the government get into the mix.” There is less than $100 billion dollars in that fund. What do you think happens when they owe more than they have??????????????????????????? Print more paper bank notes of course!!! Inflation is a b*tch.

Written by on December 26th, 2009

Water Over Gold asked:

Share and Enjoy:

How can we pay off our national debt when all our money is borrowed from the Federal Reserve at interest? Ben Thayer, Don Thatt asked: and to pay the...
I make $50k a year now, and I incurred $50k in student loan debt along with another $50k in credit cards… I stopped paying my cards about 19 months ago, collection agencies call my mother, grandparents, and work.. Never my cell phone though, that is my only phone. I am wondering if I am risking having my wages garnished? I work for local government, I heard that Federal employees are less likely to have wages garnished , due to red-tape and admistrative expenses. Would this hold true for a County employee? I am not sure what method would be the best for me to clear up my debt. I want to buy a house before I am 30, I am currently 25. Any suggestions are welcomed, thanks! CHAPTER13PLZ asked: Related Blogs Related Blogs on 19 Months...
I have 3k worth of delinquent debt… and I’m trying to join the Navy. I was gonna pay off my entire debt with my sign on bonus, but I won’t qualify for the job I want with any delinquent debt. The debt is on a credit card from Bank of America. What can I do to get rid of this debt? Are there any Navy Loopholes around this debt? Is there any other solution I might not know of? Abud asked: Related Blogs Related Blogs on Bank America...
If my federal pension is direct deposited to a foreign bank can it be touched by creditors? Richard K asked: Instead of itself with the bankruptcy...
How much money on earth does the United States Federal Government owe to foreign interests at present? What on earth is the net external debt of...

Tags: Faith, Federal Reserve Bank, Trillion

Ways To Pay Off Debt

Home About

Related Blogs

Related Blogs

Related Blogs

Leave a Reply

Meta

Archives