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Reply #45: Why would replacing interest bearing Treasury bonds in an account at the Fed.. [View All]

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 04:52 AM
Response to Reply #35
45. Why would replacing interest bearing Treasury bonds in an account at the Fed..
with interest bearing excess reserves at another account at the Fed be hyperinflationary?

Why would this be any more inflationary than swapping worthless toxic dog crap securities that banks created out of nothing for real financial assets backed by the full faith and credit of the US government?

Both Fed profits and losses accrue to the national budget. Taxpayers will bear the burden of the Feds malinvestments, albeit indirectly. Savers, retirees and wage earners have already born much of the costs of the Fed's irresponsible policies.
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