re: Fed balance sheet - a question

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And you say I WASTED YOUR TIME?!?

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Yes. All you've done is make sure everyone knows how smart you must be without providing anything of actual value to the conversation. That sort of behavior is consistent with snobs and bullshite artists alike, which are you?

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The Fed does not pay its liabilities with its assets ....

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Federal reserve notes and deposits are liabilities of the fed. Treasuries are assets of the fed. When it sells those securities back onto the market, it is paying a liability with an asset.

I'm beginning to think you're probably more of a bullshite artist than a snob. I should have figured it out when you falsely accused me of saying that the fed "printed" the money just so you could show the world how smart you are for knowing that the treasury prints currency.