You're absolutely right that inflation is going to be high.
But technically, I think, it's the private bank called the Federal Reserve which "prints" money out of thin air... and then loans it to the government, with interest. Win for the bankers.
Disagree. The Federal reserve will print money loan it back to the government at an interest rate and then we will have to pay for that interest rate back with higher taxes.
lmao.... government money is OUR money.
We will have to be taxed to "pay it off". Maybe not this year, but the years following certainly.
Yeah we pay an even heavier price for inflation
You're absolutely right that inflation is going to be high.
But technically, I think, it's the private bank called the Federal Reserve which "prints" money out of thin air... and then loans it to the government, with interest. Win for the bankers.
Interest that we end up having to pay back by guess what... higher taxes yay
All profits the fed makes from interest goes to the treasury. So any interest from printed money is zero.
False. Many billions of dollars go to private banks because the banks buy up the bonds magically created by the fed.
Disagree. The Federal reserve will print money loan it back to the government at an interest rate and then we will have to pay for that interest rate back with higher taxes.
Fed profits go back to the government though.
Yeah but not without getting their pockets lined with a percentage off the top for "expenses".
Nope - private banks get hundreds of billions in the cycle.