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<p>[QUOTE=&quot;Cloudsweeper99, post: 1609907, member: 3011&quot;]The idea would be ridiculous if we were talking about debt held by private investors or foreign governments.&nbsp; But the idea has merit when talking about debt held by the Fed.&nbsp; The interest on the Treasury securities held by the Fed is going to be refunded to the Treasury Dept anyway, and the only usefulness the bonds have is that the Fed can sell them someday to reduce the money supply.&nbsp; They have other tools to do that so the bonds aren&#039;t necessary, but just a burden on the American people.&nbsp; I&#039;m happy someone finally pointed out that the bonds can be cancelled with no downside to anyone.[/QUOTE]</p><p><br /></p>

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