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The Fed increases the money supply via selling T-Bills The Fed buys T-Bills. and attaches an interest rate to the increase in money.
So what?
Well, considering the interest rate we are paying on our debt about $400 BILLION dollars a year, that is added to the debt, I’d say there are more than a billion reasons why it’s bad.
Do you realize the treasury could simply print the money without any interest attached
Lincoln did that and it led to massive inflation.
Well, instead we owe 13.8 trillion at this moment ($125,000 per taxpeyer that we owe now) - and I think the inflation really was from the issue of fighting a civil war in this country (not a typical occurence I think). I’m suprised we financially survived that one at all.
Do you understand the scam the Fed represents?
How much interest do you feel the Treasury pays to the Fed each year?
Not the point really, it’s the interest that is added to the debt albatross each year as we continue to bury ourselves in debt. BTW that interest on that debt (thanks Fed!) per year is approx $400 billion per year. US defense costs us about $ 533 billion a year. That is disturbing!!!!! Besides we are paying a good amount of that money to Chinese communists - not what I consider a good thing. We didn’t ever have to have the debt - except the bankers got in there via Woodrow Wilson and the democrat progressives and jammed that one through. It also began the income tax which american had been free from since the founding! I know you wouldn’t want to argue that Woodrow Wilson’s policies were a good idea??
Another fun fact, the interest per year we pay - partially to chinese communists- thanks to the Fed, would buy us about 88 Nimitz Class Aircraft Carriers per year! (ie. USS Ronald Reagan x 88)
I’m going back to my drink and a nice dinner! I can’t defend a Fed that will destroy my grandchildren. I can't defend a progressive agenda of financial slavery. Sorry, I just can’t.
The Fed buys T-Bills that already exist, because the Treasury already borrowed the money. The fact that the Fed buys them after they're issued doesn't increase the interest on the debt by one cent.
Well, instead we owe 13.8 trillion at this moment
The Fed owns $937 billion in Treasuries. Not even enough to cover last years deficit.
Not the point really
LOL! You complain about the number and now it's not the point? That's funny.
BTW that interest on that debt (thanks Fed!) per year is approx $400 billion per year.
Congress spends too much, not the Fed.
We didn’t ever have to have the debt
Has nothing to do with the Fed.
Enjoy your drink and come back with some real numbers.