Thursday, February 17, 2011



"The Fed Does NOT Print Money
Posted on November 4, 2010 by admin

According to Felix Salmon:

…the central bank can simply print as much money as it likes. If it wanted, it could literally go down to the local printing press, print out a bunch of $100 bills, put them in armored trucks, and send them over to JP Morgan or whoever sold them those Treasury bonds.

In the US, the central bank doesn’t print money, the US Treasury does (US Mint + BEP)*, here is how it works:

The Federal Reserve Banks distribute new currency for the U.S. Treasury Department, which prints it."

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