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Originally Posted by golfingduo
In a sense but they could not and connot actually take funds from those acounts. Since they are actual treasury notes they actually already have the money. So back to that page here is another piece that explains it.
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Treasury notes are debt, not money.
And it's investor's money that buy those Treasuries and the interest earned and principal redeemed are investors' money, not the Treasury.
The Treasury has no money. They issue debt (Treasuries) to get their money.