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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (44943)	1/30/2013 2:31:01 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 220669

Accountable? They're not accountable to anyone... Ron Paul has been pushing to audit the FED for years, but they simply tell him it's none of his damn business what their books look like... accountable? They don't know the meaning of that word... GZ

To: Fiscally Conservative who wrote (44943)	1/30/2013 3:41:03 PM
From: Kirk ©	Read Replies (1) \| Respond to of 220669

you make it seem too complicated and sinister. The Fed prints money to buy MBS from its members as well as to buy bonds to buy from the UST to finance government spending. Buying both creates inflation and keeps people employed. Employed people repay loans. Housing market recovers and the zombie banks reanimate. People with loans finally sell their homes and repay the loans on the bank's books... repay the fed loans.... more and more find work and tax collections pay down the debt. Zombie banks rejoin the living, the economy grows, the crooks eventually get a handle on government entitlements and we all live happily ever after. The only folks who suffer are productive savers who didn't diversify some of their funds into risk assets that go up with inflation... i.e. fed fighters.