Originally Posted by
QL_714
Where does the Federal Reserve get the money to pay for these coins.
They literally print money electronically out of thin air.. Well they dont literally say it, they call it bank reserves. they lower the funds rate in order to do so. Our taxes dont even cover enough of the federal deficit. So they been cranking up the presses for quite a while. So they expand the money supply which most of the time results in inflation and when prices are going up to fast, they have to bring a recession. They have to balance these two..It is a scheme to transfer the citizens wealth into the pockets of central banks, and bureaucrats.