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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (387057)5/26/2009 7:25:47 PM
From: Secret_Agent_Man2 Recommendations  Read Replies (3) of 436258
 
"Last weeks fed report shows the fed ramping up its quantitative easing campaign again. Quantitative easing is a fancy term for counterfeiting when done by a central bank. In the week ending May 20 the Head counterfeiter Bernanke bought 60 billion in US government securities. In the two months since the fed announced their quantitative easing program of 300 Billion dollars the fed has bought $500 freaking billion dollars of government securities. Other sovereign bag holders are beginning to line up at the fed window demanding to be bought out of their treasury positions. This portends a shocking combination of rising interest rates and a rapidly falling dollar." If you are interested in following the weekly action use the following link.

federalreserve.gov
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