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I believe there is a difference in how these are done. The Fed creates money out of thin air to buy things directly, or via special purpose vehicles. The Treasury has to issue debt. And so when the US Treasury funds things through borrowing, this adds to the national debt. But when the Fed does it through keystrokes, it does not.
So for every dollar the Fed creates, it backs it by debt that was created by someone else.So? Whether the Fed buys UST's or not, they will be issued to fund spending voted on by congress. Just because I buy stocks doesn't mean I am a venture capitalist.
So the logical conclusion of having a private bank control a nations currency is that the banks eventually own everything and the government (people) owe everything.No one is preventing you from owning assets. You can buy gold, RE, shares of companies, bonds. You can create an asset by starting a company.
I expect these businesses to start failing left and right.
Blame the Fed, the banks and the Treasury Department. Since we know who is to blame, what do we do about them?