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To: Pelham

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.


53 posted on 12/27/2018 1:51:35 PM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: DesertRhino

“The FED makes all of our money except for literal, actual, coins. “

You must mean other than the Bureau of Printing and Engraving which produces all of our paper money.

And other than the credit money created by thousands of loan officers in thousands of local banks around the country. Fractional reserve lending, new money created via check by local banks to finance loans.

“And yes FED does indeed loan money to the federal government. “

The Treasury is the borrowing agency for the federal government. Congress creates the national debt and the Treasury auctions that paper to investors. Investors loan the government money.

Is the Fed allowed to act as an investor and purchase this government debt at the Treasury auction? No. The Fed has to purchase Treasuries in the secondary market, from investors.

“You need to do some research. “

One of us needs to.


56 posted on 12/27/2018 2:12:39 PM PST by Pelham (Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
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