Printing & Copying

The Federal Reserve prints money, and then sells it.

On June 16th the Federal Reserve printed $75 billion and sold it for $89.38 billion to 76 different banks. The results were not released until the next day.

That comes out to an interest rate of 2.360% for the 28-day loans.

This is the 14th auction that has been held since December 2007.

The banks buy money and then loan it out... ummm, isn't that what the Federal Reserve just did?

Does the Federal Reserve even print the money? Do they need to?

Its all faith based anyway.

If you save your money you aren't paying attention.

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http://www.msnbc.msn.com/id/25209456