Posted on 11/04/2010 9:28:26 AM PDT by Duke C.
Two years have passed since the worst financial crisis since the 1930s dealt a body blow to the world economy. Working with policymakers at home and abroad, the Federal Reserve responded with strong and creative measures to help stabilize the financial system and the economy. Among the Fed's responses was a dramatic easing of monetary policy - reducing short-term interest rates nearly to zero. The Fed also purchased more than a trillion dollars' worth of Treasury securities and U.S.-backed mortgage-related securities, which helped reduce longer-term interest rates, such as those for mortgages and corporate bonds.
(Excerpt) Read more at washingtonpost.com ...
If we were actually in a “recovery” there would be absolutely no need to monetize the debt.
Nope, this is an attempt to increase inflation so that the government’s debt will be reduced-—at the expense of all Americans...
Cheers
blah blah
The dollar is being devalued.
This is real voodoo economics that will make everyone poorer
So they are going to fix the worst economic crisis since 1930 by creating an even worst economy (which this latest Fed move will do)? Unfreakin’believable!!
How can this be anything but devaluing the dollar just like the peso was devalued back in the early 80s?
Why did they wait to do this after the elections? Stupid question isn’t it?
Silver tongued indeed.
Silver is at 25 year highs right now.
This is a war. Many battles ahead. Stitch the wounds; gather your gear; the enemy does not sleep.
Nor should you be.
Here's a dissenting opinion:
Ben Bernanke: Impeach Me - I'm A Damned Liar
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.