Snapits> Ya know, I still aint "got it" how the fed can
borrow money FROM the fed and buy bonds with it
FROM the fed.
Short answer,
'They' printed the money to lend themselves.
And then played charades to keep folks from
figuring out how 'We' got screwed.
(Kind of like a company printing up lots and lots
more shares . . . 'They' sell them to stuff more
money in their pockets while the value of the shares
we own plummets.)
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