To: Toddsterpatriot
Yeah, they do.
"The Federal Reserve and the Department of the Treasury also work together to borrow money when the government needs to raise cash. The Federal Reserve issues U.S. Treasury securities and conducts Treasury securities auctions, selling these securities on behalf of the Department of the Treasury."
88 posted on
06/09/2014 7:45:28 AM PDT by
Kozak
("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
To: Kozak
selling these securities on behalf of the Department of the Treasury. This debt exists whether or not the Fed prints new money.
94 posted on
06/09/2014 7:53:19 AM PDT by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
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