AfroChat - African American | Black Discussion Forums - View Single Post - The Source of Federal Reserve System Reserves

Corals · August 12th, 2007, 08:12 PM

I'm glad you gave us a choice because I don't think anyone actually knows exactly what they get up to.

I would have thought they would print more notes, as I don't think they have that amount in gold to sell off, plus the speed at which they would have to sell it.

They would most likely print more notes and give a loan to the US Treasury at interest to the government, then the government would have to raise taxes etc in order to repay the Fed.

What is amazing is that the Federal Reserve is a privately owned corporation with 70% of its major shareholders being foreigners (non-Americans), located in foreign countries. Makes you wonder.

August 12th, 2007, 08:12 PM	#3 (permalink)
Corals Afro Resident Corals is offline Join Date: Jun 2005 Location: London, UK Posts: 5,818 Thanks: 276 Thanked 297 Times in 237 Posts Rep Power: 80 Credits: 300,318	I'm glad you gave us a choice because I don't think anyone actually knows exactly what they get up to. I would have thought they would print more notes, as I don't think they have that amount in gold to sell off, plus the speed at which they would have to sell it. They would most likely print more notes and give a loan to the US Treasury at interest to the government, then the government would have to raise taxes etc in order to repay the Fed. What is amazing is that the Federal Reserve is a privately owned corporation with 70% of its major shareholders being foreigners (non-Americans), located in foreign countries. Makes you wonder. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. 'It's hard being QUEEN of the entire universe' :worship: