Re: Fed again takes steps to boost market liquidity

On Thu, 13 Mar 2008 07:21:56 -0500, Gary <none@xxxxxxx> wrote:

On Wed, 12 Mar 2008 19:57:50 -0700, Rita <Rita@xxxxxxxxxxx> wrote:

On Wed, 12 Mar 2008 17:42:59 -0700 (PDT), mg <mgkelson@xxxxxxxxx>
wrote:

I think I read somewhere that the Fed's rescue attempts were now up to
about 3/4 of a trillion dollars. It's not hard to imagine that they'll
go way beyond that. A few trillion for the banks, a few trillion for
Iraq and the oil companies, a few trillion for rich tax payers. After
awhile it all starts to add up and in the meantime people that work
for a living and people who are retired are seeing their expenses go
up and their income stay the same or go down.

May I ask a dumb question. Where does the money come from the Fed
makes available? What if the borrowers default? In other words,
how does this work. Do they get actual money or credit on the Fed?

They have a printing press in Washington that they laughingly refer to
as the "US Treasury". You say the Forger in Chief needs a
trillion dollars ? Just a second !

The serious part is that when Bernanke runs off an extra trillion,
it devalues the People's money by that much. We are now not only
faced with inflation -- but watered down money. Oh, well -- the
alternative was to tax the hedge fund managers and war profiteers --
and we can't have that. How would they pay for McCain's
presidency ?



I'm so happy that some people understand this, even though
most still don't, or at least they behave and think day-to-day as
though they didn't.


.

Relevant Pages

  • John Lott - The Trouble With Trillions
    ... Ten trillion dollars simply is a lot of money. ... In the case of ten trillion dollars of national debt, it comes to over $33,000 per person-- $130,000 for a family of four. ... now we have the newly announced figures from the Obama administration stating that the deficits numbers over the next decade will add up to over $9 trillion-- $2 trillion more than had been forecast as recently as March. ...
    (talk.politics.guns)
  • Re: OT - Obama Hypocrisy
    ... trillion over ten years, ... cost reductions that would offset this increase, ... health care costs and insurance premiums would be 100 billion per year. ... come in at less than $7 trillion dollars. ...
    (rec.gambling.poker)
  • Re: Fed again takes steps to boost market liquidity
    ... about 3/4 of a trillion dollars. ... Do they get actual money or credit on the Fed? ... They have a printing press in Washington that they laughingly refer to ...
    (soc.retirement)
  • Re: OT - Obama Hypocrisy
    ... The total cost of health care reform is estimated to be ... trillion over ten years, ... Obama underestimated the deficit by $ 2 trillion dollars! ...
    (rec.gambling.poker)
  • Re: Fed again takes steps to boost market liquidity
    ... about 3/4 of a trillion dollars. ... Do they get actual money or credit on the Fed? ... printing bonds in order to loan it to the banks, ...
    (soc.retirement)