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    the fed is not a national bank, but private...

    the fed is not a national bank, but private institution, so when the fed buys bonds or whatever it buys, it are the partners who benefit of the ceded richess be it debtcollateral. It means that when...
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    91,562

    I believe that there exists a FED, Gov, Fedowners...

    I believe that there exists a FED, Gov, Fedowners deal. Zero rate means that the fed acts as if the treasury prints money, the fed however keeping the right to print money in excess of what the gov...
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