----- Original Message ----- From: R C Macaulay <[EMAIL PROTECTED]> Date: Friday, November 28, 2008 8:22 pm Subject: Re: [Vo]:[OT] Federal Reserve Notes
> > The Fed is not in the habit of giving away info.. why/ .. first, > because > they have no idea whats going on, > Richard > Robin wrote, > I assume you are saying that "they" "print up" the securities, > which are > effectively IOUs? > > What I'm really trying to get at is the exact flow of wealth > between the > Federal > Reserve banks and the government of the USA. Do the "books" > balance, or is > this > a net "one way" flow? > I don't see how the flow can balance if interest is a factor. At any rate, I would say the flow is bad for trickle-down economics, but great for trickle-up economics! Harry
