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Can someone please explain to me where the money from the Fed goes

 
Ryan James
User ID: 39554643
Australia
05/09/2013 06:18 AM
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Can someone please explain to me where the money from the Fed goes
Can someone please explain to me the money the gov borrows from the Fed goes. I understand the government borrows money from the federal reserve but where does the government spend this? Does the fed also lend to banks ?
Anonymous Coward
User ID: 38537724
Slovakia
05/09/2013 06:29 AM
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Re: Can someone please explain to me where the money from the Fed goes
All money ends up in banks, a cycle of one big ponzi scheme.

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