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Thank you and Santiago for explanations. Still confusing, those smooth phrases: what is the sense of earning a profit on government securities and returning it to taxpayers? What kind of debt is that? What is exactly monetized? What can the big bankers like Rothschilds say to the Fed?

Isn't it amazing how many ways or levels of understanding of the monetary system are there for "aha" grabs, vaguely suggested by various sources. How many are supposed to know that in all respects? Can't the public be informed better and more uniformly?

by das monde on Fri Oct 15th, 2010 at 06:11:13 AM EST
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