Posted on 10/04/2019 4:17:16 PM PDT by Enlightened1
Edited on 10/04/2019 5:27:32 PM PDT by Admin Moderator. [history]
New York (AFP) - The New York Federal Reserve Bank said Friday it will continue to inject billions into the US financial plumbing on a daily basis through November 4, extending the operations by three weeks.
The effort, begun in mid-September, is aimed at preventing a spike in short-term interest rates, the New York Fed said in a statement.
(Excerpt) Read more at news.yahoo.com ...
The are pumping 105 Billion new dollars every day since September 18th.
Right, more dollars chasing goods. No wonder necessities are inflating lot higher than CPI.
This is a coordinated effort by the NY Fed.
They are printing money and bailing out banks then banks use it to buy back their own stocks and inflate stock prices
.....wash rinse and repeat.
This is a recipe for dollar devaluation.
>>>The are pumping 105 Billion new dollars every day since September
Techically, its the same $105 billion recycled daily.
“The are pumping 105 Billion new dollars every day since September 18th.”
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To make sure there is no misunderstanding... today they are “lending” overnight up to $75 Billion to be paid back by the borrowers tomorrow ..including interest. Then tomorrow they again loan, USING THE MONEY JUST PAID BACK, up to $75 Billion again. They repeat it everyday loaning and getting back the same money repetitively over and over again. When the program ends they are paid back the money from the final borrower.
The same thing applies to the $35Billion dollars that are loaned out and repaid every 14 days.
The only reason is to add liquidity to the economy...and that is a good thing. All loans are FULLY COLLATERALIZED.
SorozNazi busted some foreign currencies and nearly busted the British Pound a few years ago.
He hates USA as much as he hates UK and my bet is that he’s busy trying to break our financial system
we will see. the “causes” that have been officially alluded to make little or no sense, imho
right now, I think Soroz is a prime candidate.. especially since he’s done this very kind of thing more than once before
Is this why the market was up but my gold stock options were up also?
Usually on good jobs news gold drops.
Good trade news, good job news...
Gold doesn’t like good news :)
The little I know about the repo market doesn’t explain why this is an ongoing problem. Don’t know what to make of it.
The Fed and their FHA and global bank sidekicks kicked my *ss a decade ago when I had done nothing wrong. There were millions that suffered.
If they collapse the economy again, this time there will be payback like they’ve never seen before.
Given the political aspect of the Federal Reserve, I wouldn’t be surprised if this is intended to slow down the economy, to hurt the re-election chances of you-know-who.
I’m glad you explained that. Many of us have no idea of how these mega-finance things work. That said, I’m naturally suspicious of all government manipulation of the economy.
why stop the day before election day?
Actually stayed the same for today. It went up yesterday probably due to fake impeachment investigations.
the actual commodity, you mean?
i said STOCK options
Correct and keep interest rates artificially lower than real inflation so the corporations can buy back their stocks and people are forced to buy stocks or houses because banks pay niggardly interest rates.
That is the very reason the Fed was created, not to provide a stable currency. The flood gates opened when we went off the gold and silver standard. Now the money is fiat, just like monopoly money.
“They are printing money.....”
Printing money doesn’t help, it hinders. Each time you print a bill representing worth it deflates the bill by half and causes the inflation to double up on it.
So instead of taking a dollar to buy a product when it catches up with it’s lack of worth, It will take two plus dollars, one for the product, and one for the inflation and the additional efforts to make money on the transaction, taxes, and HR costs for the person that sold it. Everyone will have to get more money to live the same as they did before the bill was printed.
rwood
“All loans are FULLY COLLATERALIZED.”
What’s the collateral?
L
What’s the collateral?
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DuckDuckGo.com is your friend and will tell you what all can be used as collateral.
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