Ok so most of us already know that the Federal Reserve CORPORATION prints money, and then lends it at interest to our Government. But wait until you see what a total scam this whole process is. Before we get to the meat of this issue, lets remember one thing about the essence of banking -- primarily that money should have some type of standard upon which its value is based.
In the case of America, we operate on what is called a "gold standard" (i.e. our money is supposed to be backed by gold).
With that in mind, let's look at how money is actually created for a second. And at what cost.
Did you guys know that if the Treasury wants to print 1,000 one-hundred ($100) bills, that their total cost for ink, paper, plates, labor, ect. would be approximately $23.00. If you do the math, the total cost of 10,000 $100 bills would be $230.00 ($.023 x 10,000).
But here's the catch. Ten thousand $100 bills equal $1,000,000! So, the Federal Reserve can "create" a million dollars; and then LEND it to the U.S. Government (with interest) for a total cost of only $230.00!
The banking industry calls this process "seignorage". What it should be called is OUTRIGHT THEFT.
Regardless of the immense profit margin ($1,000,000 for only $230.00) plus the huge interest payments, our Government then needs to steal the American people's money in order to pay off their debts via a Mob-like agency called the IRS.