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<p>[QUOTE=&quot;fatima, post: 1308099, member: 22143&quot;]For every US Treasury sold, the Federal Reserve prints an equivalent number of FRN $ (USD) and deposits it into the Treasury&#039;s account so the debt can actually be spent.&nbsp; The reverse is not true.&nbsp; FRN $ (USD) are produced without any USA debt behind it at all.&nbsp; Fractional Reserve Banking is just one example.&nbsp;&nbsp; </p><p><br /></p><p>The two are not equivalent at all.&nbsp; The issuance of Treasury debt by selling securities results in and equivalent amount of Federal Reserve Dollars being added to the system.[/QUOTE]</p><p><br /></p>

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