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re: Interest on the debt is 60% of the Amount taken in by the Treasury in February

Posted on 5/9/24 at 9:37 pm to
Posted by stuntman
Florida
Member since Jan 2013
9119 posts
Posted on 5/9/24 at 9:37 pm to
quote:


Not that this is much of a consolation but the interest on the debt is a little less because the interest the Federal Reserve makes on Treasury Bonds they purchased with printed money is returned to the Treasury after expenses.

The Federal Reserve has about $7 trillion in Treasury Bonds they purchased with printed money.


Well, uh, now they are basically sending the treasury IOUs.

What a slope!
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