How in the world did they get it set up to go around the constitution and allow the fed to do any of this?
How in the world did they get it set up to go around the constitution and allow the fed to do any of this?
One small, legal-looking piece of legislation, presidential order, and Supreme Court decision at a time over the past century and longer.
Many people American and worldwide used to buy our Obama_gov’t issued Federal debt. The Chinese stopped about two years ago.
So the Federal Reserve (a private bank owned by our largest American banks) stepped into the breach and is buying what the Chinese and others used to
(simplified explanation)