Tuesday, January 05, 2021 9:54:30 AM
The Fed creates money out of thin air (since 1913), with the stroke of a pen or in these times actually the stroke of a key, then lends it to the government at interest. That is where the "National Debt" comes from. Every dollar in existence is created as a debit to the national treasury.
Stay tuned though. In 2121 you will see a new form of currency rolled out. It already exists. It will be issued directly from the treasury (aside from the Fed) and will be a digital currency. My guess is that it will be rolled out as a part of the Q2 reset.
The FED borrows from nobody. They create, then lend, or spend.
I'll go back to lurking now and not bother you all anymore. Holding my RLFTF for the bigger picture. Sorry to interject these off topic posts, I just couldn't help myself...
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