July 25, 2012
– Comments (3) |
RELATED TICKERS: GS
We are now at 15.9 Trillion and oh we passed the pesky Debt Limit. www.usdebtclock.org
This is why I was asking about QE 3. Who will buy the debt when we raise it again. Oh yes. The private bank called the FED.
When the Fed makes a profit, where does it go?
The Fed gives any profits to the Treasury.
motleyanimal gets it right! This is why calling the Fed a private bank is a serious distortion of reality.