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To: CodeToad

I wonder if anyone in the media will ask just where this $85 billion comes from? Do they realize that the Fed conjures it out of thin air?


8 posted on 09/16/2008 4:56:54 PM PDT by Tublecane
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To: Tublecane

They do actually—its called a printing press.


70 posted on 09/16/2008 5:46:34 PM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Tublecane
I wonder if anyone in the media will ask just where this $85 billion comes from?

The Fed has nearly $480 billion in Treasury securities.

Do they realize that the Fed conjures it out of thin air?

They could. They don't have to.

85 posted on 09/16/2008 6:09:15 PM PDT by Toddsterpatriot (Let me apologize to begin with, let me apologize for what I'm about to say....)
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