The Federal Reserves Open Market Committee announced today that it would pursue $40 billion in additional monthly stimulus in the form of quantitative easing. Meanwhile, it will maintain its previous program of exchanging about $45 billion monthly in short-for-long-term securities. Quantitative easing, or QE, is purchasing long-dated government bonds and similar debt instruments.
posted on 09/17/2012 8:54:52 AM PDT
( ITINERIS IMPENDEO VALHALLA)
QE∞ ---- We have reached the end game of every ponzi scheme. Crony capitalism is in complete control as the political sock puppets bow down before their banking masters. The absolute need for exponential debt growth to continue "business as usual" will crush the delusions of those who mortgage the future to live with no consequences in the present.
posted on 09/17/2012 11:53:15 AM PDT
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