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Joe Swanson
Heresy Financial
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Comments by "Joe Swanson" (@joeswanson733) on "Who Really Owns the Federal Reserve" video.
@kcculp6430 from what i understand is they can print paper and automatically that has "value" and they can buy real stuff with it so its highway robbery...
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if you want to rely on congress to do anything... you will probably see pigs fly before then
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One somewhat “tricky” point about the Fed balance sheet is that although currency in circulation is a liability for the Fed when it prints additional money (increasing the liability amount of currency in circulation) and then uses that money to buy additional securities, the purchased securities are assets on the Fed balance sheet.
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