Wednesday, October 1, 2008

FED Bolsters Liquidity by Printing More Money; Inflation is Your New Permanent Houseguest « With One Breath

FED Bolsters Liquidity by Printing More Money; Inflation is Your New Permanent Houseguest « With One Breath: "In case there was any doubt that the Federal Reserve is not a federal agency and operates outside the scope of Congress and the wishes of We the People, you should be comforted by the fact that the Federal Reserve, in a move to “bolster liquidity” has pumped over $630 billion (U.S. dollars) into global central banks. The bailout plan failed, so the FED acted anyway, printing off billions of dollars of more debt. Yes, debt - for you and me to clean up."

Norton's comment: And this is over and above the potential TARP Bailout! That is $ 650 billion was just spent this week. Add the bailout of $ 700 billion or what could really be as much as $ 5 TRILLION.........and you get more than $ 6 TRILLION DOLLARS AND COUNTING.

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