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by baidifnaoxi 1316 days ago
From a linked article, a quote that basically describes the Federal Reserve

>It’s almost as if SBF found a way to hack the financial system, printing billions of dollars out of thin air against which he was able to borrow massive sums from unknown counterparties. Almost as if he discovered a financial perpetual motion machine…

2 comments

Sure, but if nothing else, you can use federal reserve notes to pay your taxes. FTT can be used for what now?
That's the Treasury.

The Fed loans you money. If you confuse someone lending you money with them giving you money you have a problem.