"...& grahod where did the US central bank simply obtain the money in the 1st place?"
Not entirely sure but considering the US treasury dept is involved most probably US treasury bonds, foreign central or commercial banks from China and rich Arab oil states. The creation of money out of thin air as well. Who knows?
Not relevant to the thread anyway. I was just correcting backontrack's and companies misleading posts.
Sarcophagus....
"um...and what causes economic catastophies? surely not usuary? and..."pay it back with interest"? the only way that can be achieved is by borrowing more."
Doubt if all the funds would be paid back with more borrowed money. When economies start kicking back in and business and people start making money then the cash streams back the other way all the way back up to the central bank.
