The federal government borrows all their money before the Federal Reserve does anything. If Edward Griffin claims anything differently, he is mistaken as well.
but it is touted as something else.
The truth hurts.
This is the ponzi scheme: the treasury asks for a check for X billions from the federal reserve and the federal reserve writes the check tot he treasury creating money that is not in any checking account and for which every man woman and child who has or does or will pay taxes is now indebted. When the federal reserve==treasury cabal creates money from nothing, the inflationary factor immediately makes you and me the lenders AND the parties indebted to pay the bill and make the check written a valid transaction.