4753 Donald Trump to Suspend Payroll Tax Until End of 2020 (www.breitbart.com) posted 252 days ago by ridleybourne 252 days ago by ridleybourne +4753 / -0 946 comments share 946 comments share save hide report block hide child comments Comments (946) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 7 ▼ – DangleBarry 7 points 251 days ago +8 / -1 You're absolutely right that inflation is going to be high. But technically, I think, it's the private bank called the Federal Reserve which "prints" money out of thin air... and then loans it to the government, with interest. Win for the bankers. permalink save report block reply ▲ 2 ▼ – glompywompy 2 points 251 days ago +2 / -0 Interest that we end up having to pay back by guess what... higher taxes yay permalink save report block reply ▲ 1 ▼ – deleted 1 point 251 days ago +1 / -0 ▲ 1 ▼ – deleted 1 point 251 days ago +2 / -1 ▲ 1 ▼ – deleted 1 point 251 days ago +1 / -0 ▲ 0 ▼ – ADAM_SCHITT 0 points 251 days ago +1 / -1 All profits the fed makes from interest goes to the treasury. So any interest from printed money is zero. permalink parent save report block reply ▲ 1 ▼ – Truly_anonymous1 1 point 251 days ago +2 / -1 False. Many billions of dollars go to private banks because the banks buy up the bonds magically created by the fed. permalink parent save report block reply
You're absolutely right that inflation is going to be high.
But technically, I think, it's the private bank called the Federal Reserve which "prints" money out of thin air... and then loans it to the government, with interest. Win for the bankers.
Interest that we end up having to pay back by guess what... higher taxes yay
All profits the fed makes from interest goes to the treasury. So any interest from printed money is zero.
False. Many billions of dollars go to private banks because the banks buy up the bonds magically created by the fed.