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To: ConservativeMind
Only the Treasury prints money

The Treasury hasn't printed money for years.(When they did, these were called US Notes. They had a red seal, where the Federal Reserve Notes have a green seal.) The Treasury "prints" Debt Paper (bonds and notes) which they "sell" (usually indirectly through "Open Market Operations") to the Federal Reserve to obtain the money that the government spends. The whole thing is one, big, f'n shamocracy.

ML/NJ

57 posted on 12/25/2020 5:06:57 PM PST by ml/nj
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To: ml/nj

I remember many decades ago, $5 bills were “United States Notes” and not “Federal Reserve Notes”.

And $1 bills were “Silver Certificates”.

Isn’t a major issue, that our currency is not backed by tangible assets, such as gold or silver or any other actual physical asset?


59 posted on 12/25/2020 5:11:38 PM PST by Dilbert San Diego
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