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To: Lurker
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.

119 posted on 01/27/2009 8:29:55 PM PST by Toddsterpatriot (Havoc has been back since September. Or was it April?)
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To: Toddsterpatriot
Are you really saying the the Fed creates money via inflation? And that this is a good thing?

Wow... Just...

Wow...

165 posted on 01/28/2009 5:46:57 AM PST by Dead Corpse (What would a free man do?)
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