Fed pumps $1.2tn into US economy
 

The US Federal Reserve says it will buy $1.2 trillion worth of debt to help boost lending and promote economic recovery.

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Re: Fed pumps $1.2tn into US economy
 

:lmao: It buys debt with money it doesn't have :lmfao:
Excellent thx for that newsbot it made me laugh :naughty:

Re: Fed pumps $1.2tn into US economy
 

http://img212.imageshack.us/img212/9849/fireq.jpg

"Fire!" June 17, 1949

Peter Schiff 3/19/09 Video Blog and Inteview The Fed's 1.2 Trillion Gamble
 

Peter Schiff Video Blog for 3/19/2009

(Turn your volume down, someone needs to alert Peter Schiff about his recording techniques.)

In this video Peter talks about the possibilities of inflation or hyperinflation because of the Fed's recent decision to purchase 1.2 Trillion in debt (including ($300 Billion in bonds). He also says that American's liberties are being taken away as the government tries to solve the financial crisis. Lastly, he talks about his recent CNBC appearance where he goes head to head with Steve Liesman.

Video (9:53): http://www.youtube.com/watch?v=soinn...e=channel_page



Peter Schiff on 1.2 Trillion Gamble CNBC The Call 3/19/2009

"The Fed's 1.2 Trillion gamble." In this video Peter talks about the Fed printing money out of thin air. Bill Seidman agrees with Peter about inflation. Steve Liesman disagrees and says that the Fed has to deal with the deflationary period America is in. Then Steve and Peter go head to head with each other.

Video (7:19): http://www.youtube.com/watch?v=g_nwy...eature=channel

Re: Fed pumps $1.2tn into US economy
 

Hi Swanny,

It's worse than that. It's buying its' own debt with its' own money.

Figure that one out.

Best regards,

Steve

Re: Fed pumps $1.2tn into US economy
 

Want to see what a trillion dollars looks like? Click on link below.

http://www.pagetutor.com/trillion/index.html
this is $10,000
http://i562.photobucket.com/albums/s...009/packet.jpg


this is $1million

http://i562.photobucket.com/albums/s..._2009/pile.jpg


this is $100 million

http://i562.photobucket.com/albums/s...009/pallet.jpg


this is $1 billion

http://i562.photobucket.com/albums/s...allet_x_10.jpg



this is $1 trillion

takes a while to load.....









http://i562.photobucket.com/albums/s...et_x_10000.jpg


:mfr_omg: :sweatdrop:

A Recent Alert - Fed Prints a Trillion
 

A Recent Alert - Fed Prints a Trillion

Friday, March 20, 2009, 8:55 pm, by cmartenson

Below is an alert I sent out on Wednesday evening. I want everyone to see what is at the forefront of my thinking right now.

I am busy writing up my next layers of thought around this development and will make that the basis of my next Martenson Report or two.

Why? Because this recent action by the Fed is a "game changer."

In a shocking development that I frankly hoped we’d never actually see, the Federal Reserve dropped a bombshell yesterday and announced that it is going to create an extra $1 trillion dollars out of thin air to support the spending desires of the US government and to drive down interest rates for mortgage borrowers.

Of course, this will continue to punish savers and pension plans, but those, frankly, are of no concern to the Fed.

Below I explore this outrageous turn of events. Please note that I have not had much time to digest this incredible news and that I reserve the right to add to (or amend) my thinking over the next few days.

Excerpts:

Quote:

In fact, the constant drip-drip-drip of news about self-dealing by insiders with zero legal consequences for the perpetrators leaves me with the queasy feeling that every attempt at finding a legitimate resolution to this crisis will be thwarted by a crowd of Wall Street insiders who simply cannot resist an opportunity to redirect money into their own pockets. But that’s another story.

Graphs, Charts, Current Analysis, Comments: http://www.chrismartenson.com/blog/recent-alert-fed-prints-trillion/15339

HOW MUCH IS A TRILLION ?: http://www.chrismartenson.com/crashc...-much-trillion