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Originally Posted by Wagner
...where the f--- does the FED get all this money? We can't subsidize gas prices, we can't get rid of homeless, we can't lower school costs, we can't lower medical expenses, we can't figure out new sources of energy, we can't lower taxes, we can't give states more assistance, we can't really raise minimum wage.....
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Ummmm....in case you were unaware (most people are), the Federeal Reserve is not the government. The Federal Reserve is a group of private banks that by law (the Federal Reserve Act) have been given the right to make money and loan it to the US government and other banks, and charge interest. (yes, you read that right -- the US government has given the right to a private bank to make money and loan it back to the US government and charge them interest -- "them" being the taxpayers of course)
So if you are asking "where does the FED get all this money?", the answer is easy. They simply make more money when it is needed. Now you also know the answer to the question "why does the dollar keep droping in value?"
