And to further elaborate, the Fed buys bonds with per-non-existing funds, later sells bonds to take the real cash out of banks.
Banks now have the 'per-non-existing funds' and the bonds they original owned by paying cash for twice.
Where does the cash go? Inflation is the first thought. $85 billion dollars a month.
And how long does it originally take for bank customers to deposit $85 billion dollars?
They print the Bonds on the same printing press they print the money and they are just as worthless.
Americans are spending Confederate money.
When other countries stop accepting it , it’s value will be the same as Confederate money.
That is the measurement to which the Fed is propping this Democrat run Economy.
Is there any more prove necessary Democrats have no interest in improving the private sector economy 4 years after the recession ended?