Toddsterpatriot
Diamond Member
Now you're off the FRN angle? Yes, once the Treasury borrows from someone by selling a bond, the Fed may buy the bond. The Fed currently holds about $1.6 trillion in Treasuries, not even close to half the national debt.The Federal Reserve only creates money thru debt whether its Federal Reserve Notes or thru buying Government bonds. The Treasury only prints money it doesnt borrow it. The Government borrows money from the Fed. This is why the biggest share of the national debt is owed to the Federal Reserve. If the Government didnt have to borrow money from the Fed almost half the national debt would be gone.Originally Posted by Toddsterpatriot
The Treasury doesn't borrow FRNs, why do the taxpayers have to repay what the Treasury didn't borrow?
You aren't suggesting we allow the Treasury to print to pay the bills, are you?
You realize that would be inflationary, right?
The above quote was taken from here -"The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..."
The Money Masters - How International Bankers Gained Control of America
Thanks. If I want to watch an error filled video, I'll be sure to watch that again.