The Federal Reserve is a private bank. Why does the US govt owe them anything? Why not just print the bogus stuff and not say it's a debt to anyone? It isn't money anyway...it's digitized computer entries.
The Federal Reserve prints the money and the Bonds.
I suppose they can print enough to give themselves a profit.
Isn't.
Why does the US govt owe them anything?
The Fed will pay more to the Treasury than the Treasury pays to the Fed.