[WeissVine]

Is the FED some kind of national mafia/ Nazi/ communist/ ponzi scheme?
The following is what some participants in HWZ forums said:

Orig thread: 'Interest rate' solution to inflation- a case of mere optical illusion? Originally Posted by peterchan75 The Fed can control both money supply and interest rates. Becuase they are the bond buyer of last resort if there is no buyer. ...
The only thing that the Fed cannot control is inflation.

Just to clarify, the Federal Reserve (Fed) is a Private Financial Institution privately owned by U.S. member banks.
The Fed is legally prohibited from buying debt directly from the Treasury. See Federal Reserve can’t rescue debt debacle.
U.S. Gov Bonds are issued by the Treasury.
Treasury Bonds, Bills, and Notes are all issued in face values of $1,000.
Which means the bond holder can redeemed $1,000 from the U.S. Treasury at the maturity date.
... ...
The Fed purchase the bonds/debt/mortgages/assets from the open market with money created out of thin air. i.e. Fed print the money, exchange for Bonds, and the Bonds are on the Fed's balance sheet.
New money that was created out of thin air is now 'backed' by the U.S. Gov. Bond on Fed's balance sheet. Information from 'Who owns the Federal Reserve?' is excerpted as follows:

Ron Paul wanted the Fed to open its book for audit. Bernanke didn't give a damn. ... ...

IOW, Bernanke is SENIOR to Obama since he doesn't even need to answer the question of Mr Ron Paul who is a senator in congress (Obama has to answer to congress FYI which can veto his decisions). The FED can print USD, can pay itself (a non-profit organisation) 6% dividend from it's operations of perhaps mostly just buying T-bills/ bonds with newly printed currency which "do not have to be approved by the President or anyone else in the executive or legislative branches of government"
It seems thus to me that NKF under TT Durai was perhaps much better shape than the Central Bank/ economy of the United States of America- is the FED the mafia running the USA?

[pict source: Criminal Cartel Moves Forward With Printing $500 Billion In Funny Money]

[pict source: Dear Ben, Please Print Us More Money]

[Source: Hyperinflation In Zimbabwe]