Are Federal Reserve Notes issued by our Treasury?

Our Bureau of Engraving and Printing prints the money, and then sells it to the Federal Reserve Bank simply for the cost of the printing. The Federal Reserve bank then loans it back to our Government. The Federal Reserve also demands security to back up the loan, so Congress authorizes the Treasury to print US bonds which are given to the Federal Reserve Bank as collateral against this loan. That means that the United States has been mortgaged to a handful of international bankers.

Are Federal Reserve Notes issued by our Treasury?

Our Bureau of Engraving and Printing prints money. It is then sold to a Federal Reserve Bank simply for the cost of the printing. The Federal Reserve bank then loans the money back to our Government. The Federal Reserve also demands security to back up the loan, so Congress authorizes the Treasury to print U.S. bonds which are given as collateral against this loan. That means that the United States has been mortgaged to a handful of international bankers.

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