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URL:  http://boards.fool.com/quotisnt-the-creation-of-the-quotfederal-20700376.aspx

Subject:  Re: RON PAUL: The Federal Reserve Debt Engine Date:  4/28/2004  9:23 PM
Author:  Lokicious Number:  10048 of 35576

"Isn't the creation of the "Federal Reserve System" by New York Banking insiders the ultimate example of this?"

No question a lot of bankers making a lot of money off differential between the rate they pay and the rate they ask. There's also a lot of money to be made with tax shelters that wouldn't be made if the rich didn't have to pay taxes.

I don't have the expertise to understand the functioning of the Federal Reserve as one of the mechanisms that have developed over the last 100 years or so to repl