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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: stomper who wrote (97200)9/16/2008 11:31:46 PM
From: Andeveron  Read Replies (1) of 110194
 
Yep, the FED can create money out of thin air. It's magic. All they need to do is add a $1,000,000,000 entry to the credit ledger and bingo, a billion dollars appears.

To stave off a global crisis earlier this evening, the FED created an $85,000,000,000 entry onto AIG's credit ledger and temporarily derailed calamity.

Well, at least for another few months. Rumor has it that McCain and Cindy would prefer to move into their new digs on 1600 Pennsylvania NW without Western civilization on the brink of collapse.
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