Fed reveals global extent of its backing

Financial Times ^ | December 1, 2010 | Francesco Guerrera and Michael MacKenzie

[thouworm]

Rivers of ink have been spilt on the crisis that gripped the world’s financial system between 2007 and 2009.

Wednesday’s huge release of data by the US Federal Reserve chronicles a similar story, but in numbers. A lot of numbers.

The Fed’s release, prompted by an order from Congress, details more than 21,000 transactions that enabled US authorities to dole out $3,300 bn to banks and companies in the worst downturn since the Great Depression. The picture is one of a global financial system in desperate need of short-term funding.

[April Lexington]

I have come up with a solution to the Great Recession! The Federal Reserve merely needs to print up $1,348,376.28 for each man, woman and child in the United States and wire it to each person's bank account. We will dutifully spend it on stuff and the recession will be over! No act of Congress or presidential signature necessary! If the Fed can create $3.3 trillion out of thin air and lend it to Europe, they can certainly create money out of thin air and send to each of us to save the US economy...

[The Comedian]

I have come up with a solution to the Great Recession! The Federal Reserve merely needs to print up $1,348,376.28 for each man, woman and child in the United States and wire it to each person's bank account.

Yeah, but that wouldn't result in inescapable debt slavery.

The current behavior will, thank you very much.

The goal here, not even masked any longer, is to disassemble the United States, sell its indigenous population into bondage, and redistribute its natural resources to members of the oligarchy.

Nothing will stop this. Except God. Or sustained fire on multiple targets in a wide killzone.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[April Lexington]

Wide, indeed... Cheerio!

[April Lexington]

Nothing will stop this. Except God.

Or Mother Theresa. Or Gandhi. Or Rosa Parks. Or Martin Luther King, Jr. Or Vaclav Havel. Or Thomas Paine... or the Comedian. Peaceful change is good. But...NEVER underestimate the power of the people to kill dictators like Ceausescu. Or King Charles I. Or that French bitch who liked cake... The point is... give them a running chance. Its only sporting...

[The Comedian]

Nothing will stop this. Except God.

Or Mother Theresa. Or Gandhi. Or Rosa Parks. Or Martin Luther King, Jr. Or Vaclav Havel. Or Thomas Paine... or the Comedian. Peaceful change is good. But...NEVER underestimate the power of the people to kill dictators like Ceausescu. Or King Charles I. Or that French bitch who liked cake... The point is... give them a running chance. Its only sporting...

How exceptionally kind of you sir to include me in your example. Much obliged.

To fair though, the rest of my quote did reference sustained fire across a wide killzone...

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.