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Motown_Johnny (1000+ posts) Send PM | Profile | Ignore | Sat Dec-03-11 08:59 AM Original message |
So, the Fed created $7.77 Trillion out of thin air to loan to the banks at 0.01% |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Sat Dec-03-11 09:06 AM Response to Original message |
1. You have alluded to a subject |
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CanonRay (1000+ posts) Send PM | Profile | Ignore | Sat Dec-03-11 09:54 AM Response to Original message |
2. What the Fed does is all "off the books" |
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mrdmk (1000+ posts) Send PM | Profile | Ignore | Sat Dec-03-11 10:24 AM Response to Reply #2 |
3. Here is the rub, The Federal Reserve is a private group of United States and English |
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dkf (1000+ posts) Send PM | Profile | Ignore | Sat Dec-03-11 11:25 AM Response to Original message |
4. These are overnight loans backed by collateral. |
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Motown_Johnny (1000+ posts) Send PM | Profile | Ignore | Mon Dec-05-11 08:09 PM Response to Reply #4 |
7. it seems that number is $16.115 Trillion |
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Pachamama (1000+ posts) Send PM | Profile | Ignore | Sat Dec-03-11 12:28 PM Response to Original message |
5. They just started cranking up the printing presses.... |
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bemildred (1000+ posts) Send PM | Profile | Ignore | Sat Dec-03-11 01:37 PM Response to Original message |
6. That's where all our money comes from, created as debt. |
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DU AdBot (1000+ posts) | Sat Dec 14th 2024, 12:11 AM Response to Original message |
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