They’re borrowing it from bond holders, the bonds secured by the full faith and credit of the US government
Naive question: If the US Treasury is 'borrowing' $3 trillion this quarter, who _exactly_ is it 'borrowing' this money from, and what collateral are they offering?https://www.cnbc.com/2020/05/04/us-treasury-seeks-to-borrow-a-record-3-trillion-this-quarter.html …
-
-
-
So, there's no collateral, in other words?
- 1 more reply
New conversation -
-
-
They’re borrowing from future taxpayers and/or inflation using the US military as collateral.
-
This is the only answer so far that makes any sense.
- 6 more replies
New conversation -
-
-
Banks can borrow money from the Fed & loan it to the Treasury at interest. It's quite a scam.
-
Naive question #2: Who gave this 'Fed' thing trillions of dollars to loan?
- 2 more replies
New conversation -
-
-
US Treasury and Federal Reserve seen in action.pic.twitter.com/Tik2FH6lRF
-
aka "coordinated monetary and fiscal policy"
End of conversation
New conversation -
-
-
They are borrowing from future Geoffrey with a guarantee provided by future future Geoffrey.
-
Who in the future consenting to this, and what time machine did they use to send their consent backwards in time?
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.