Wayne Angell -- "The Fed's Balance Sheet is Infinite"

[syswizard]

Quote from Covertibility:

From that Max Keiser site:

"If we all join hands and go buy a new SUV, everything will be all right," said Dallas Fed governor Bob McTeer after 9/11.

"What we dearly want is for Americans to spend like Americans – to do the patriotic thing and go out and spend," agreed Bill McDonough, head of the New York Fed in October '01.

Funny that the solution is NEVER to reduce government spending or the size of our bureaucracy....when in fact, that is the BEST course of action right now.