Thanks Bernanke!
$750 billion in FREE MONEY!!
- Thread starter bond_trad3r
- Start date
Watch the dollar collapse in the next month.
$750bn more of agency MBS; $100bn more of GSE debt; $300bn long-dated USTs. All adds up to a nice, tidy $1.15trn...
I love the smell of fresh-printed money in the morning
!
I love the smell of fresh-printed money in the morning
!Next meeting it will be raised to 2 trillion.
But fed could add another '0' to the excel spread sheet. 12.5 trillion won't be enough? 
Its official. the global economy has totally collapsed
Cramer is happy.
Quote from Z.O.G.:
Ben Shalom Jewnanke can add as many zeros as he wants to, it isn't going to work. And the reason it won't work is because our money system has a built in fatal flaw that dooms it to an eventual deflationary collapse scenario:
Our money system is based on debt and interest, and the debt has to continuously increase at an exponential rate just in order for the money system to remain functional. This can't go on forever, because people can only take on so much debt. It has to end at some point. This is what happens when your money is "loaned" into existence, and interest is charged on the loan. The money to pay the interest on the loan is never created by the banking system, so new loans have to be continuously taken out in order to service the interest on all the loans that were previously taken out.
Who came up with a diabolical system like this? Oh wait, I think I know. It's the same people who are running the Federal Reserve System right now.
You have just demonstrated that you make things up as you go - no way to prove a point.
Ben and Co. are doing the right thing - at least they have the balls to act, unlike treasury. Geitner looks like a dear-in-headlights every time i see him.
Debt does not have to increase at an exponential rate. Fiat currency can be a good tool as the market can destroy money supply.(hint: they stopped publishing M3 for a reason) People need to be scared into increasing savings rates and paying down debt, which is what the purpose of this recession is. If people don't get scared enough, it will turn into a depression.
Again, Ben did the right thing, and the market confirmed it.(via arb on the future weaker USD, hence the rise in US equities)