Thread: News Is The Federal Reserve A Private Bank?
View Single Post
Old 09-05-2014, 02:27 PM  
onwebcam
Fake Nick 1.0
 
onwebcam's Avatar
 
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,652
Quote:
Originally Posted by weewilly View Post
US government sells bonds to finance the debt.Many nation and private investors own these bonds. The US government does not borrow from the Fed.
The US government issues bonds which is more or less just a promissary note.. The Fed funds and sells them..
__________________
PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF.....
██████████████████▒ 99.5% complete.
Last edited by onwebcam; 09-05-2014 at 02:32 PM..
onwebcam is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote