The Federal Reserve has that much in cash? I still can't believe it.
Apparently I could buy 2,000,000 McDonalds apple pies for everyone in the USA according to a news story shown on the Daily Show less than an hour ago.
The Federal Reserve has that much in cash? I still can't believe it.
Well, technically it just prints however much money they want. Hence, inflation.
http://www.brillig.com/debt_clock/ (Might give an error for a few seconds at a time)They don't... The $700,000,000,000.00 bailout plan would be paid for with the issue of bonds, adding that on top of the $11,000,000,000,000.00+ US debt, a large chunk of which is presently owned by China. China is the largest foreign debt holder of the US right now...
Surely that would cause some riots.I would put on clown makeup, put all the cash in a big pile, and set it on fire.