Question I have been pondering is what if The Fed owns ALL the treasuries
The Fed repays to the Treasury whatever interest is earned on its bonds. So, borrowing -- from the government's point of view -- becomes free! It's every despot's dream.
Of course, the drop in the dollar's value as a result of all that money-printing is paid by us when we try to exchange those dollars for actual goods.
posted on 01/01/2013 1:56:34 PM PST
(Money, like chocolate on a hot oven, was melting in the pockets of the people..)
My question is a what point does world lose confidence in our treasuries.
posted on 01/01/2013 2:02:06 PM PST
(Get real with Kim Jung Mentally Ill about proliferation)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson