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Yes, The Fed Is Printing Money
Monday, October 22, 2012 15:31
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The Fed can create money indirectly: It credits Primary Dealer bank accounts when it buys mortgage-backed securities; the profits thus earned allow dealers to finance the purchase of newly issued Treasury debt. The Treasury uses the cash it raised by selling paper to the Primary Dealers to pay its bills. The recipients of those payments deposit the money in their banks. Voila—the Fed has indirectly printed lots of new money. Continue reading
2012-10-22 13:42:13
Source: http://blog.bmgbullion.com/economy/currency/yes-the-fed-is-printing-money/
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