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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (4051)2/7/2008 4:38:00 PM
From: Real Man  Read Replies (1) | Respond to of 71456
 
en.wikipedia.org

"2. The Federal Reserve prints a check, in the amount of
$1,000 and makes it payable to the government (in practice,
the Fed cannot purchase securities directly from the
Treasury). This check is the proceeds from the sale of the
bonds."

Did something change?