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Supposedly, the debt that the US government owes to the Fed is explained as "we owe it to ourselves."
If that is really the case, then why does it not cancel itself out? Congressman Ron Paul has just introduced a bill to cancel the $1.6 Trillion that the government "owes to itself."
This would be a partial Jubilee.
Don't expect the bill to go anywhere. Most of our politicians still think the Fed is owned by the Federal Government. (Why else would it be called the "Fed"?? Words do mean something, you know.)
The dirty little secret in Washington is that the Fed is privately owned, so we don't really owe it to ourselves. We owe it to the class-A stockholders of the Federal Reserve Bank who tricked us into giving them the right to create money and loan it to us at interest.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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