/biz/ - Business & Finance

Anonymous Mon, Mar 11, 2024 01:30:57 No.57941642 [View]
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>>57941548
>The entire function of this machine is to convert debt into money. It's just that simple. First, the Fed takes all the government bonds which the public does not buy and writes a check to Congress in exchange for them. (It acquires other debt obligations as well, but government bonds comprise most of its inventory.) There is no money to back up this check. These fiat dollars are created on the spot for that purpose. \

>https://ia804704.us.archive.org/35/items/pdfy--Pori1NL6fKm2SnY/The%20Creature%20From%20Jekyll%20Island.pdf
see ch.2 pt 10

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/biz/ - Business & Finance

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