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To: Toddsterpatriot
The fed loans money to your banker that loans you the money.
The primary issue with the fed is how they get their money to loan too the bankers.
60 posted on 08/31/2019 7:09:45 PM PDT by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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To: Steve Van Doorn
The fed loans money to your banker that loans you the money.

That's not true. The Fed is currently lending $140 million to banks at the discount window. $35 million is primary credit, $105 million is seasonal credit. Hardly enough to fund all loans in the US.

Here>>> https://www.federalreserve.gov/releases/h41/current/h41.htm

The primary issue with the fed is how they get their money to loan too the bankers.

The Fed is a Central Bank. Central Banks can create money out of thin air.

61 posted on 08/31/2019 7:30:32 PM PDT by Toddsterpatriot (TANSTAAFL)
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