[Lurker]

the Fed adds $10,000,000 to the account of the bank

Where did the Fed get this 10,000,000 dollars from?

If one of my clients gave me XXX,XXX,XXX dollars and I just 'added' an additional XX,XXX,XXX dollars to their account without an accounting of where that money came from I'd be looking at a rather long prison stretch.

So come on, Bunky....tell me. I'm breathless with anticipation.

From where does the Federal Reserve conjur forth the additional 10,000,000 you mentioned?

Do tell... Enquiring minds want to know.

L

[Toddsterpatriot]

Where did the Fed get this 10,000,000 dollars from?

They changed a few bits on a computer spreadsheet.

If one of my clients gave me XXX,XXX,XXX dollars and I just 'added' an additional XX,XXX,XXX dollars to their account without an accounting of where that money came from I'd be looking at a rather long prison stretch.

Wow, Lunky is not the Federal Reserve.

From where does the Federal Reserve conjur forth the additional 10,000,000 you mentioned?

Look, I'm typing $1,000,000. Now I'm typing $11,000,000.

If I was the Fed, I'd have just added $10,000,000 to the money supply. Glad I could help.

[Captain Peter Blood]

Ask yourself this question. How did the Fed expand it's balance sheet from $1 Trillion to over $2 Trillion in Two Months????????????????
The Federal Reserve literally creates Fiat Money, money back by nothing ,out of thin air on a computer. That is the printing press they are using.
Now The Fed wants to start buying Long Term Treasuries to try and control the Price to keep interest rates low.
This cannot and will not work.
The Fed cannot become the end all to prop up that which it can't namely the Banks and Insurance companies that have too much bad debt on their books. Sooner rather than later the whole thing implodes.