Congress gets money from the unconstitutional fed reserve... why did China get involved in our debt then?

the congress has gone to the unconstitutional federal reserve to print whatever amount of money requested... hence, our national debt... for fake money!!!, anyway, since congress has used the fed reserve to print money (read The Creature From Jekyll Island) how and why did China become involved in buying some of our debt. We could kick the federal reserve out of our government and NOT HAVE TO PAY THEM A CENT but now with China we must pay them back. Where is the sense in this move?? the wrong answer may cause bamboo under your fingernails...Congress gets money from the unconstitutional fed reserve... why did China get involved in our debt then?
You have some misconceptions about how the government obtains money and how the Federal Reserve operates.



First, the government does not go to the Federal Reserve for funds or borrow from the Federal Reserve. The U.S. Government borrows money by selling Treasury securities. These are mainly T-Bills, T-Notes, and T-Bonds. These Treasury Securities are sold at auction to anyone who cares to bid for them. Anyone may buy these securities, even you. That is how all foreign countries sometimes buy U.S. Government debt, not just China.



The Federal Reserve does not buy Treasury securities at auction. The Federal Reserve buys U.S. Government debt on what is known as the secondary market. Treasury securities have a set maturity date. The U.S. Government will not repay the principle on a Treasury security until the maturity date has passed. When a person, institution, company, or foreign government buys Treasury securities at auction, the only way they can get their money before maturity is to sell the security to someone who is willing to pay for it. This is called the secondary market and is one of the primary methods used by the Federal Reserve to adjust the money supply.



The rest of your question is simply nonsense because you do not understand money, banking, economics or governmental funding.
So, I see that you are another anti-Federal Reserve conspiracy theorist that has a reading comprehension problem. Executive Order 11110 had absolutely no effect on the Federal Reserve. If you read and understood the EO, you would know that.

Report Abuse

Congress gets money from the unconstitutional fed reserve... why did China get involved in our debt then?
The federal reserve isn't unconstitutional.
I've heard that the US sells bonds to anyone, including other countries.

Seems like risk for China.
Unconstitutional Federal Reserve? Fake money? What do you buy your cheerios with? Two gophers and a squirrel?
You do not know how all this works so you should shove bamboo under your own fingernails to become more enlightened.



It is unconstitutional to monetize the debt. This means the government cannot print money to pay its bills. Treasury auctions are open to foreign investors, so any country that wants to can buy some of our debt instruments.
You need a course in money and banking.

long john silvers locations

helly hansen