The Federal Reserve CREATES money (actually, debt) out of thin air. They’ve done this under Obama to the tune of $85 Billion Dollars per MONTH for over 4 years. They recently backed this off to $75 Billion per month, but it comes to over a Trillion Dollars a year, created out of thin air.
They take this money and essentially buy T-bills that helps to legitimize the US Debt, and they spend the other ~half on Mortgage Backed Securities (the stock market).
They recently blasted out a brag to the world that they have a $4.3 Trillion Dollar Surplus! Oh Goody! Guess where that $4 trillion came from and what it is comprised of? Yep, the same crap they bought with the money they created out of thin air. They are, in fact, as broke as I am, most of us are.
You’d think the US government could cancel the “debt owed to the Federal Reserve”. Then the feds could stop the quantitative easing and our tangental spiral to financial collapse. Or else it’s debt curve, have we got an asymptote in store for you.
Not debt, just money.
They recently blasted out a brag to the world that they have a $4.3 Trillion Dollar Surplus!
No they didn't.
Just buying the bills citizens wont buy.