- Banned
- #61
On the other hand, no private person or institution would be allowed to create $29 trillion of counterfeit money either.
So what’s going on? Is the Fed part of the US government, or an organization subordinate to the US government, or what?
By the way, for anyone who finds sums such as $29 trillion hard to come to grips with… it’s a little north of $87,000 for every US man, woman and child.
Seems to me that a citizen ought to know when someone issues $87,000 of debt in his name.
The "Repo" Fiasco; the Fed's Cash Injections Send Stocks Soaring
So what’s going on? Is the Fed part of the US government, or an organization subordinate to the US government, or what?
By the way, for anyone who finds sums such as $29 trillion hard to come to grips with… it’s a little north of $87,000 for every US man, woman and child.
Seems to me that a citizen ought to know when someone issues $87,000 of debt in his name.
The "Repo" Fiasco; the Fed's Cash Injections Send Stocks Soaring