Board of Govenors

[JohnDB]

The fed doesn’t make the debt. The fed doesn’t issue bonds, the Dept of Tres issues bonds

It appears you have no clue what the fed does

Look,
Here's Wikipedia
Read it yourself.

Federal Reserve Board of Governors - Wikipedia

en.m.wikipedia.org

 

[struth]

Look,
Here's Wikipedia
Read it yourself.

Federal Reserve Board of Governors - Wikipedia

en.m.wikipedia.org

I’ve read it, where does it say they issue bonds?

 

[JohnDB]

I’ve read it, where does it say they issue bonds?

No you didn't....

 

[struth]

No you didn't....

I did. But maybe I missed it, quote the part where it says they issue bonds

 

[JohnDB]

I did. But maybe I missed it, quote the part where it says they issue bonds

Second sentence of the article:

It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States.

that's what that means....it issues out the money. It's not about banking lending policies, it's not about food price controls. It doesn't control the Stock Market traders....it controls the value of money which is a fiat currency. Meaning it controls the supply of money through bonds It sells to private banking institutions which then gives the banks cash to lend out.

The latest bank insolvencies were due to those banks holding too many of the low interest bonds which only return 2% or less when the market rate for bonds is 3 times that rate. They are holding losing assets. They would lose money by selling them.

 

[struth]

Second sentence of the article:

It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States.

that's what that means....it issues out the money. It's not about banking lending policies, it's not about food price controls. It doesn't control the Stock Market traders....it controls the value of money which is a fiat currency. Meaning it controls the supply of money through bonds It sells to private banking institutions which then gives the banks cash to lend out.

The latest bank insolvencies were due to those banks holding too many of the low interest bonds which only return 2% or less when the market rate for bonds is 3 times that rate. They are holding losing assets. They would lose money by selling them.

That doesn’t say they issue bonds. Because the US Tresury issues bonds