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Subject Why won't the Fed just cancel/retire it's $ 4+ Trillion in U.S. Debt securities ???
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Original Message 1. The Federal Reserve supposedly derives its powers
at the express pleasure of the U.S. Congress.
2. The Federal Reserve Chair is appointed by the
U.S. President.
3. The Federal Reserve digitally creates real dollars
and uses them without Congressional oversight.
4. The Federal Reserve is currently carrying 4 Trillion
in U.S. debt.
5. Everyone on TV wants to know how the Fed will unwind
this balance sheet, by selling the debt to the markets,
or by holding the debt to maturity.
6. The U.S. taxpayer is paying interest on money created
at zero cost with full benefit of interest paid to the
consortium of banks headed by the Federal Reserve.
7. The Federal Reserve can never really take a loss, because
it always has a zero cost basis.
8. If the Federal Reserve serves American interests, why
don't they talk about canceling the debt off the U.S.
deficit by retiring the debt securities they hold ?

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