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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (15564)	2/24/2002 2:02:16 PM
From: Ilaine	Read Replies (4) \| Respond to of 74559

The Fed doesn't print money. The Fed increases or decreases the reserves of the Federal Reserve Banks which in turn make the reserves available so that credit can be created. Credit money is created by people borrowing money from private banks. If people don't borrow, no credit money is created. The US Treasury borrows money from lenders all over the world by selling bonds. Foreign currency can be traded for dollars. If there is another way that money gets into the system, someone let me know. Preferably someone who understands what they are talking about. I don't mean to say that you don't know what you are talking about. I was thinking of other people who shall remain nameless.