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To: Toddsterpatriot
You think the Federal Reserve creates new money and hands it to the government to spend? That's funny.

Oh you silly silly boy. When the fed engages in open market transactions to increase liquidity by purchasing treasuries that the treasury prints and sells that is exactly what they do.

You must be the only "expert" who thinks otherwise.

69 posted on 11/21/2007 7:02:53 AM PST by AndyJackson
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To: AndyJackson
You think the Federal Reserve creates new money and hands it to the government to spend? That's funny.

When the fed engages in open market transactions to increase liquidity by purchasing treasuries that the treasury prints and sells that is exactly what they do.

When the Fed buys Treasuries, the Primary Dealer gets the money.

You must be the only "expert" who thinks otherwise.

LOL! You really should stop talking about things you know so little about.

70 posted on 11/21/2007 7:06:27 AM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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