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Message: <blockquote data-quote="imhotep" data-source="post: 26704238" data-attributes="member: 562115">It's not exactly clear but the Governments can issue bonds and the Central Banks can purchase these. Many countries did it , but it's controlled & regulated.  In the US the Federal Reserve purchased these, in the UK the Bank Of England did.This guy is talking about "Sterilization".  Sure this exists and used in Banking. Classical sterilization is  used by central banks in order to stem the negative effects emerging from capital inflows or outflows from a country's economy. Central banks do buy and sell from Open markets as well.I am not a finance guy but I don't believe his crap about not contributing towards inflation bit. May be someone can explain.  <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite22" alt="(y)" title="Thumbs up    (y)" loading="lazy" data-shortname="(y)" /></blockquote>

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