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where does the treasury and fed get the money? THEY PRINT IT a 1982 law lets treasury notes be redeemed with CREATED accounts, as in one of the partner banks o
by quasimojo 18y ago
where does the treasury and fed get the money? THEY PRINT IT
a 1982 law lets treasury notes be redeemed with CREATED accounts, as in one of the partner banks of the reserve simply creates a new account by punching in the digits, and they assign it to you
once again, this is law since 1982
this is why US treasuries have 100% certainty inside the USA while the US dollar still exists
- azharcs 18y agoWouldn't that increase inflation.
- albertcardona 18y agoInflation is yet another form of taxation. A subtle, criminal one, that undermines your savings while you sleep.
- corentin 18y agoPrinting money is by definition inflation (so, yes).
- steveplace 18y agoThat's why they fudge a little bit when they report CPI and PPI data.
- nradov 18y agoYes it will increase inflation, but not enough to overcome the deflation currently under way due to credit destruction. Real inflation is a monetary phenomenon driven by the availability (or lack thereof) of cash and credit. Most lenders have been withdrawing credit at rapid pace.
- huherto 18y agoDo you know for a fact that they will print it? I would imagine they would have other alternatives.