spending power from the Federal Reserve to the private sector. It has unlimited spending power and only wants to know what numbers to input to which spreadsheet (subject only to bogus Senate limitations that are based on the principals of a dead monetary system). It doesn't have to GET (nor does it want) money from anywhere in order to spend. Not from me, you or anyone else. 1e. When the US Government spends, the spending power goes into the private sector where it circulates until it is sequestered by the private sector or destroyed by the IRS. Question.... from 7 deadly innocent frauds... " And that's exactly how what are called "non convertible currencies" work (no more gold standards and very few fixed exchange rates are left), like the U.S. dollar, Japanese yen, and British pound." I thought that those 3 currencies are convertible... Could you shine some light on that passage? Warren, on 1a; can you please just admit the tax dollars are accounted for so that the deficit numbers can be reported to congress? Even if borrowing isn't necessary, the Feds still needs to keep their books in order to determine what they need to unnecessarily borrow. I think you loose creditability when you leave out information that sets off our BS detectors! I mean that respectfully, because I really think you know what you are talking about. Yep ... the Fed takes the cash, reduces "currency in circulation" and credits the Treasury General Account. Tom Hickey Reply: