Repaying the Fed as opposed to China, is not repaying us, though. The people are repaying an outside entity the interest. The Fed is not us any more than China is us.
Those who win this game are the owners of the constituent banks making up the Fed.
We are the losers. We pay for the privilege of become state-dependent upon everything.
It is a losing game. I cannot afford gas, heating or food like I could. Telling me it doesn’t matter, because we are not hurt does not work with me.
We are all hurting, but it is not because of the FED policies. It’s the stupid trade policies that incent our busineses to move overseas. And it’s a string of irresponsible Congress’s overspending that is causing the pain.
The FED is indeed us. When the FED buys Treasuries it creates money. That increase in the money supply reduces the value of the money we hold ever so slightly. When the government pays that back, the money supply is reduced again. Which increases the value of the money we hold ever so slightly.
The interest that the FED collects doesn’t go to banks, it goes back to the U.S. Treasury.
You’re pain is real. But your focused FED policy is misplaced. You should be focused on Congress. Congress is the one charged by the constitution with regulating trade with foreign countries. And Congress is the one that writes and approves every spending bill.
We are all hurting, but it is not because of the FED policies. It’s the stupid trade policies that incent our busineses to move overseas. And it’s a string of irresponsible Congress’s overspending that is causing the pain.
The FED is indeed us. When the FED buys Treasuries it creates money. That increase in the money supply reduces the value of the money we hold ever so slightly. When the government pays that back, the money supply is reduced again. Which increases the value of the money we hold ever so slightly.
The interest that the FED collects doesn’t go to banks, it goes back to the U.S. Treasury.
You’re pain is real. But your focused FED policy is misplaced. You should be focused on Congress. Congress is the one charged by the constitution with regulating trade with foreign countries. And Congress is the one that writes and approves every spending bill.