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Reply #35: not without a major easing program which would cause hyperinflation [View All]

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bossy22 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 10:11 PM
Response to Reply #32
35. not without a major easing program which would cause hyperinflation
though interesting enough, the fed through QE I and QE II has been owning a greater percentage of our national debt. More of it is owed to the federal reserve than to china. The thing is the fed can't forgive the debt since it would then have no way to control the money supply. Also its not like its costing the tax payers money- all the interest payments go right back to the treasury since the fed turns over its profits to the treasury
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