The Federal Reserve determines when and if to print money. It is not a government agency, it is a corporation of elite bankers.
Owned by the US government.
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The Federal Reserve determines when and if to print money. It is not a government agency, it is a corporation of elite bankers.
he other most important function is to prevent banking panics.
They dont print money.
Nope. Right out of the mouths of the Federal Reserve:Owned by the US government.
They don’t print moneyU.S. Treasury vs. Federal Reserve: What’s the Difference?
The U.S. Treasury and the Federal Reserve are separate entities. The Treasury manages all of the money coming into the government and paid out by it. The Federal Reserve's primary responsibility is to keep the economy stable by managing the supply of money in circulation.
When the Federal Reserve Bank tells us to print, we print...
Out of their own mouths:They don’t print money
Yes and what part of, they don’t print money don’t you get?Out of their own mouths:
The Federal Reserve's primary responsibility is to keep the economy stable by managing the supply of money in circulation.
^
Maybe they are just confused. You need to call them...
Nope. Right out of the mouths of the Federal Reserve:
The Federal Reserve Banks are not a part of the federal government.
They couldn't be more clear. Maybe you should call them, and straighten them out...
Out of their own mouths:
The Federal Reserve's primary responsibility is to keep the economy stable by managing the supply of money in circulation.
^
Maybe they are just confused. You need to call them...
Yes and what part of, they don’t print money don’t you get?
They manage the supply of money, by setting interest rates
It was created when Congress was in recess for the Christmas holiday.
Start with the truth here:
YesAnd by Open Market Transactions, buying and selling Treasury securities.
You two are making me tired.The Fed prints money (or actually creates it digitally) and then uses that money to buy bonds. On February 26, the size of the Federal Reserve’s balance sheet was $4.16 trillion. By June 10, this had jumped to $7.17 trillion. Hence, over a period of three-and-a-half months, the Fed printed and pumped $3 trillion into the economy.
You two are making me tired.
They buy by bonds and other things. They are diverse.
If it comes out of their own mouths and you still want to believe our government runs the Federal Reserve then the FR, nor I, will change your mind.
Just remember that in three and a half months the FR printed and pumped 3 trillion dollars into the economy, and then decided to jack up the interest rate, (the Fed tells us what the rate will be. We don't tell them.) and you think that's a good thing, then your children should be living in your basement since they can't afford 8% interest on a mortgage...
This thread has run out of worth. I'll give you the last word.