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The Federal Reserve does not just 'print' money out of thin air
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[quote:Anonymous Coward 1554795:MV8yMDk3MTEzXzM1MzE3NTQ2XzJFOTEyMTcy] "Second of all, the amount of federal reserves (not necessarily physical currency) they can create is limited by the securities they hold." The Government prints up the treasuries, the Fed "buys" them with money they create out of thin air. That's exactly how it works. So what you are saying is not true. They can and do create money out of thin air, all that needs happen is for the government to "borrow" money from them by making treasuries and then the fed "buying" them with their fiction money created out of nothing. Now that the fed has these treasuries, the government has to pay interest on them. That's where taxpayers come in, and is the reason why we are under crushing taxation today that is about to get worse. So why should Americans have to be taxed to oblivion to pay interest on bogus debt sold to an entity for money they created out of nothing? [/quote]
Original Message
First of all, the Fed doesn't do the printing.
Second of all, the amount of federal reserves (not necessarily physical currency) they can create is limited by the securities they hold.
They can't just
make
money like the anti-Fed shills would have you believe because they can't just
buy
an unlimited number of securities.
I expect plenty of One Star Bandits and cries of BS, but not a single coherent, concise response from their side.
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