The Fed doesn’t coin money nor does it make loans to the government.
The Constitution is silent on paper money and credit, which banks have had the right to create since day one.
The government borrows money from investors. The Fed is not an investment bank and any earnings the Fed has go to the Treasury.
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The Fed doesn’t coin money nor does it make loans to the government.
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Pray tell, just what DOES it do? Aside from generating 0s/1s and...charging interest (aka loan)
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The Constitution is silent on paper money and credit, which banks have had the right to create since day one.
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Incorrect on the 1st part, it states EXPLICITLY what *money* shall consist (gold and silver). That banks can set loan/savings rates (aka CONTRACTS) is not in dispute...they CANNOT ‘create’ money.
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The government borrows money from investors. The Fed is not an investment bank and any earnings the Fed has go to the Treasury.
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I fail to read of the Fed.Res in my copy of the Constitution. Maybe you can point out where Congress was given this great ‘latitude’
I do note an A1S8, 5th, 9th, 10th & 13th that specifically states (economic) slavery is verboten (aka ‘borrowing’ to spend on any # of illegal, unconst. program/dept/agencies/edicts/’wants’...).
You need to do some research. The FED makes all of our money except for literal, actual, coins. And yes FED does indeed loan money to the federal government. Mountains of it created out of thin air.