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It is important to bear in mind the fungibility of money and securities We are able to regard the deficit-spending cash as fungibly equivalent to the new money added to the reserves of the banks by the Fed. The debt ceiling regulation, nonetheless, specifically lists the worth of securities held by the Fed, authorities trust funds (like Soc. The phrase fought can be used 4 instances in this music depicting an earthly battle fought on a heavenly front.
Maybe the mature securities symbolize the backing for the deficit spending dollars, the securities themselves backed by the newly created dollars given to the banks for the securities by the Fed. Nowhere in Article 1 part 8 is there an enumerated energy which supplies the government control of schools or curriculum. Individuals like Bernanke and others on the Fed clearly acknowledge the fiat nature of our money, however they are loath to use terms like “become profitable out of thin air”, “generate profits ex nihilo”.
So, the sale of the securities simply transfers money already in existence on the banks to the Treasury’s accounts. Back the securities for banks holding them with cash created out of skinny air. Anyway, the purpose is, Pjmeli, you have not counted the cash the Treasury got from banks, after the Fed has restored the money plus the interest on the banks. All those Tsecurities purchased by the Fed from banks in QE even have eliminated the federal government’s debt to the banks for them.
In this means, history helps us to know present events. Our mision statement is to supply housing, food, and clothing to the homeless, home violance victimes, folks with Aids, and the disable. Continue to live in the Word and by the Phrase of God and giving your testimony empowered by the Holy Spirit; you can liberate many from the enemy’s chains as I intend to do.