I ran across this article from Marc Faber (Dr. Doom) and just had to put it up.
“Odious debt, is the national debt incurred by a regime for purposes that do not serve the best interests of the nation or it’s people. Such debts are thus, considered to be personal debts of the regime that incurred them and not debts of the state or it’s people.”
The ‘Federal Reserve’ is a private bank. It has nothing to do with our Government. This makes sense to me. Does it make sense to you too?