Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: Fiscally Conservative who wrote (44926)	1/30/2013 12:39:12 PM
From: GROUND ZERO™	3 Recommendations Read Replies (2) of 220684

Thanks, but I'm not really so smart... but, to answer your question, the FED is printing that money and giving it to the banks so they could swap out their bad housing debts... the banks aren't lending any of that new money at these low rates, instead they're putting it into the stock market... so, the money doesn't have to be "paid back" to anyone, it's not tax money, it just fake printed money which is further devaluing our currency... the FED was created on December 23, 1913 to protect the banks, not to protect our economy, it's not a government agency, it's a private group with a government sounding name... just like Federal Express, that's also not a government agency, but it also has a government sounding name... GZ

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