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To: Venturer
The problem with this bogus money supply is it has been declared as a debt to be paid back, with some interest, to the Federal Reserve

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.

5 posted on 12/20/2013 5:33:32 AM PST by grania
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To: grania

The Federal Reserve prints the money and the Bonds.

I suppose they can print enough to give themselves a profit.


6 posted on 12/20/2013 6:17:17 AM PST by Venturer (Half Staff the Flag of the US for Terrorists.)
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To: grania
The Federal Reserve is a private bank.

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.

7 posted on 12/20/2013 7:19:13 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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