Gimme 50, Ben! million , that is. I can take it.
The McDonald's $1 menu is gone.
The Fed has to go. I hope the turning political tides sweep them out to sea. Jefferson was right.
Hmmmmm....can’t....figure out.....what.....could....help expand the economy.
Must be my shoddy education in math, physics, and EE.
Guess I should concede control of the economy to Harvard flunkouts.
Yeah, that’s the ticket.
Fed prepares to kick the crap out of the economy
This won’t work...again.
Throwing cash at this just cheapens the cash. Doesn’t create anything.
Gee...if only we still had a big manufacturing base to actually create some real wealth....
They haven’t learned that Keynesianism is idiocy??
It will give the big banks a chance to unload garbage paper.
A better solution would a be a bonfire of a lot of the FedZilla and StateZillas regulatory and legal codes, can’t count them anymore, you gotta weigh them.
Good grief. They pass legislation that comes down hard on Wall Street, business, investment... and then seek to overcome that by pumping in trillions.
Just pass decent legislation that backs off these insane policies and watch our economy thrive.
The Fed owns less than $835 billion in Treasury bonds.
The money printed to purchase those MBS will end up in the Excess Reserve accounts of the major banks instead of circulating in our economy - just like QE 1.
Any interest from those still paying on any of the MBS will be used to purchase Treasury securities - but this will not increase the money supply, since it's just cycling money in the back door and out the front door.
In short, the Fed will be purchasing between $500 billion and $1 trillion of securities - but those purchases will not increase the money supply of our economy.
Instead, the purchases will continue the largest transfer of wealth ever perpetrated upon mankind.
I've written more about it for those that care to read it:
The Fed's Ties to Real Estate Fraud
The Fed's actions will not increase the nation's circulating money supply one iota, even though the markets will interpret it that way.
The money printed to purchase those MBS will end up in the Excess Reserve accounts of the major banks instead of circulating in our economy - just like QE 1.
Any interest from those still paying on any of the MBS will be used to purchase Treasury securities - but this will not increase the money supply, since it's just cycling money in the back door and out the front door.
In short, the Fed will be purchasing between $500 billion and $1 trillion of securities - but those purchases will not increase the money supply of our economy.
Instead, the purchases will continue the largest transfer of wealth ever perpetrated upon mankind.
I've written more about it for those that care to read it:
The Fed's Ties to Real Estate Fraud
The Fed's actions will not increase the nation's circulating money supply one iota, even though the markets will interpret it that way.
So giving the banks free money and paying them to borrow it back isn’t working? Lets do it more!
Fun stuff.
REPEAL OBAMACARE
With what? Anything the fed does is add to the problem.
Crash the real estate market, so that people have an idea of actual property value, especially in the commercial market. Stand back, let banks fail, then pick up the pieces.
Instead, it’s hide the property crisis, hide the value of the currency, hide fair loan values, hide .. Well, just about anything that’d give a clear picture of the economy. Oh, and publish more fluff numbers from the census to assure that everything’s just hunky dory.