To: dalebert
"Ok ..I will bite on this one..WITH WHAT??????" With fiat that they create with an accounting entry.
The Federal Reserve is neither federal nor a reserve. It is a private bank that creates fiat currency at will.
20 posted on
08/10/2010 11:57:31 AM PDT by
GourmetDan
(Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left.)
To: GourmetDan
at the will of the politicians.
31 posted on
08/10/2010 12:01:23 PM PDT by
dalebert
To: GourmetDan
With fiat that they create with an accounting entry. Usually, but not in this case. They're reinvesting payments they receive, not creating new money.
63 posted on
08/10/2010 12:39:47 PM PDT by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: GourmetDan
The Federal Reserve is neither federal nor a reserve. It is a private bank that creates fiat currency at will.
Isn't Federal Express part of the Federal Reserve?
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson