A decent comparison of the US budget

[n_huffhines]

You are the RP supporter, shouldnt you know what the Fed does before you want to abolish it?

I'm interested in your explanation. Please proceed.

 

[golfballs]

lol

 

[n_huffhines]

I'm interested in your explanation. Please proceed.

....?

Still waiting.

 

[golfballs]

....?

Still waiting.

pomo

 

[n_huffhines]

pomo

Yeah. I'm just waiting for the part that refutes the notion that they create money out of thin air.

 

[golfballs]

it's an actual transaction

 

[n_huffhines]

it's an actual transaction

As long as there are buyers the government can raise as much money as it needs. If the buyers grow skittish the government can raise the yield on the bonds to make them more attractive. Most of the time the Treasury sells bonds either to private investors of governments like China. But it can also sell them to the Federal Reserve. When the Fed buys bonds it can pay for them simply by printing money.

This is why I am very concerned with the Chinese and how they value the dollar. If they stop buying our bonds it will be increasingly tempting for the Federal Reserve to print the money to buy them.

History News Network

 

[golfballs]

they also buy Mortgage Backed Securities too
Agency Mortgage-Backed Securities Purchase Program - Federal Reserve Bank of New York

all from Freddie Mac, Fannie Mae and Gennie Mae

 

[golfballs]

This is why I am very concerned with the Chinese and how they value the dollar. If they stop buying our bonds it will be increasingly tempting for the Federal Reserve to print the money to buy them.

History News Network

the Fed doesn't print money

 

[OrangeEmpire]

Simple fix

Get credit card pay off other bills with said card, then you file chapter 7

lmao

 

[OrangeEmpire]

Fed is a tool made by Woody Wilson......all you need to know

 

[lawgator1]

What??!!! What else does it involve? Revenue - Spending = Deficit

Defense rests.

 

[n_huffhines]

Defense rests.

You aren't the defense, you are in the witness seat. Answer the question.