Toddsterpatriot
Diamond Member
You're the one that is assuming the fed gives the paper money away they don't they exchange the paper for U.S. bonds from the treasury. Thats the way they have been doing it for years.
Give away paper money? No, they don't do that. Not even once.
What in the fuck is wrong with you toad? Do you have a reading problem? No where in that post did I say that.
You're the one that is assuming the fed gives the paper money away they don't they exchange the paper for U.S. bonds from the treasury. Thats the way they have been doing it for years.
Read this slowly and let it sink in
The Federal reserve exchanges Federal Reserve Notes for U.S. bonds from the U.S. Treasury
No, the Fed doesn't give FRNs to the Treasury in exchange for bonds. The Treasury doesn't use FRNs. The Fed doesn't give paper money away either.