By The Numbers
By David Glenn Cox
I was told that I should offer a light at the end of the tunnel, but I can't. I wish that the news was good. I wish, I could hold out an optimistic hope but until we begin to move forward in this country, we face only black days.
The Federal Reserve has passed out to the banks more than $800 billion for one quarter of one percent interest. The interest owed by the American taxpayer is 2.625 percent. Each million dollars lent to the banks is lent at $24,000 below the cost to the taxpayer. $24,000 times a thousand million, times 800 or $20 billion dollars. What do we get for all that money? Nothing!
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