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To: Errant
Might be, what's 2% of 17T?

You're confusing "ownership" of Fed "shares" and ownership of Treasury Bonds. Your confusion is sad, but not surprising.

Btw, by law it's 6%, IIRC.

Yes, 6% of their "shares", not 6% of Fed profits. Not 6% of the debt either.

67 posted on 12/25/2013 3:12:10 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Toddsterpatriot
You're confusing "ownership" of Fed "shares" and ownership of Treasury Bonds.

No, you're just trying to circumvent the truth. The treasury MUST eventually get the money to pay off the bonds from the Fed, by issuing even more bonds/debt. It's a self-perpetuating scheme. The debt can NEVER be paid off.

70 posted on 12/25/2013 3:20:53 PM PST by Errant
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