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Treasury needs record $361B April-June borrowing

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Nickelless
Administrator

USA
5580 Posts

Posted - 04/27/2009 : 16:20:06

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fb101
Administrator

USA
2856 Posts

Posted - 04/27/2009 : 17:45:01

Wow! We sure didn't see that one coming!
They're going to borrow the money instead of just print it?
Who are they borrowing from, the fed again?

oober
1000+ Penny Miser Member

USA
1304 Posts

Posted - 04/27/2009 : 18:24:17

Bonds sold to the fed probably... Print money...

Nickelless
Administrator

USA
5580 Posts

Posted - 04/27/2009 : 18:57:02

quote:
Originally posted by fb101

Wow! We sure didn't see that one coming!
They're going to borrow the money instead of just print it?
Who are they borrowing from, the fed again?

Just curious, is there any functional difference between the U.S. borrowing money from its creditors and the Fed printing new money?

fb101
Administrator

USA
2856 Posts

Posted - 04/27/2009 : 19:24:02

This is the way I see it.
Borrowing from others is debt. Borrowing from the fed is a joke. It's printing unbacked paper, pure inflation.
There's not really any debt produced when the fed buys the tbills, they just cease to exist.

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