Bruno misses the most obvious.  The U.S. eonomy is a usury based national debt.

The operation is based upon  Congress giving the Fed a security (bill, bond, or note) and the Fed makes a ledger entry on their accounting books so the checks of the U.S. government will be honored by the Fed controlled banks.  Presto !!!  New, fiat money has been created.

Note that the principal of the security has been created. The promise is to pay back the principal PLUS interest.  The interest has never been created.  The promise cannot be culminated.  Any contract that cannot be culminated is an act of fraud. an contract based upon fraud is void from its inception.

The only way to pay the interest is to utilize principal from a more recent issue of debt.  A scheme where initial investors are paid from the investments of later investors is called a Ponzi scheme.

A  Ponzi scheme inherently has an exponential growth in subsequent interest payments--over a matter of time they become huge. This method of financing sovereign debt inevitably leads to total breakdown of the economy.  Benjamin Ginsberg details numerous instances in history where "financiers" used this method to bankrupt numerous nations in FATAL EMBRACE.

I don't see how he missed that point at all, Olde Reb.  He mentioned the fiat system being a scam, and succinctly explained many other things.  Did you actually read the essay?  The whole "ponzi scheme" talking point has been run into the ground by so many writers.  At least this guy is trying to take things to the next level.  Of course, there's always someone who thinks they have to one up the real experts, which usually ends up sounding kind of egotistic...