Posted on 04/03/2013 1:18:52 PM PDT by Ernest_at_the_Beach
WASHINGTON (MarketWatch) — The Federal Reserve could start tapering its $85 billion-a-month asset-purchase plan by the summer, said John Williams, president of the Federal Reserve Bank of San Francisco on Wednesday.
(Excerpt) Read more at marketwatch.com ...
35 billion dollar asset-purchase plan————give me a break
What is the asset they are purchasing?
Bonds that aren’t worth any more than the money they are using to purchase them.
Printing Confederate money—worthless.
They won’t.
They can’t.
The stock market and the economy will crash if they do and the house of cards will come crashing down. Cyprus will look pretty compared to what will happen here with a communist as president.
Concur. They can’t so they won’t—ever. We crossed the Rubicon back in 2008.
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