Fed Reserve magic money WAND
This blog set to diaplay 20 days of posts. Sorry Blogspot only shows 3 days, waiting for a Google fix, G
Ben Bernanke is buying up $600 Billion of Treasury's, to help the economy.
Where is he getting the money? He is printing it.
So the Federal Government just sold its self $600 billion of its bonds.
Its just a book transaction so the Federal books look like they balance.
But they haven't sold any bonds to any one, they bought them with
magic money, created by the Bernake money wand.
Instead of dropping the $700 billion in tax breaks for Billionaires,
actually producing $600 billion to buy the bonds, the Federal Reserve is
printing up the money. Thank you Republican Whores.
I am at a loss on how to describe how wrong this is and now dangerous
it is to the American Economy.
This video gives you some Idea.
|The Daily Show With Jon Stewart||Mon - Thurs 11p / 10c|
|The Big Bank Theory|
Link if the vid doesn't work
The Republicans are maybe doing more damage than the Terrorist.
Only time will tell.
Series 7 & 3