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

To: Cogito Ergo Sum who wrote (17340)2/5/2009 6:32:58 PM
From: Tommaso  Read Replies (2) | Respond to of 71479
 
>>> Where does the Fed cash come from to buy the debt..
<<<

Economics 101.

The Fed creates bank accounts with the money in them and then pays for the bonds with those bank accounts.

Printing? Nah. A waste of paper. Just hit a few keys on the computer.

It sounds like you may think I am being sarcastic. Just buy an economics textbook.



To: Cogito Ergo Sum who wrote (17340)2/5/2009 6:40:01 PM
From: bruiser98  Read Replies (1) | Respond to of 71479
 
I remember reading an SI post from someone claiming to be an inmate at a mental institution. He said there were enough electrons in a 9 volt battery to pay the national debt.


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