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Friday, January 6, 2012
The US Fiscal Debt and Deficit Explained in Household Terms
The thing is: we can't simply print our own money the way the Federal Government does via the Federal Reserve Bank - and that is a whole other story because as you know, The US Government issues US Treasury Bills at 1.5% which are purchased by the Federal Reserve Bank/ and its branches, and it is actually the Federal Reserve Bank which issues the currency.
The thing is: we can't simply print our own money the way the Federal Government does via the Federal Reserve Bank - and that is a whole other story because as you know, The US Government issues US Treasury Bills at 1.5% which are purchased by the Federal Reserve Bank/ and its branches, and it is actually the Federal Reserve Bank which issues the currency.
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