Post by The Great Aztec Joe on Dec 7, 2010 6:58:59 GMT -8
On all the Federal Bond and Note debt that the FED owns, when the US government makes interest payments, almost all of that money is deposited in the US Treasury by the FED.
Direct Deposit. No special account.
Now, as I have pointed out on various forums over the past 20 years, if the money goes from the Treasury to the FED and back to the Treasury are we paying interest at all.
The answer, of course, is NO.
With that in mind, how much debt can we carry forward?
The answer to that is UNLIMITED DEBT as long as we sell it to the FED.
We have the greatest system in the world.
Direct Deposit. No special account.
Now, as I have pointed out on various forums over the past 20 years, if the money goes from the Treasury to the FED and back to the Treasury are we paying interest at all.
The answer, of course, is NO.
With that in mind, how much debt can we carry forward?
The answer to that is UNLIMITED DEBT as long as we sell it to the FED.
We have the greatest system in the world.