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Fed to pump another $1 trillion into U.S. economy
IHT ^ | 3/18/09 | Ed Andrews

Posted on 03/18/2009 4:59:08 PM PDT by pissant

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WASHINGTON: Saying that the recession continues to deepen, the U.S. Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the economy by buying mortgage-backed securities and long-term Treasury issues.

"Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending," the Fed said, adding that it would "employ all available tools to promote economic recovery and to preserve price stability."

As expected, the Fed kept its benchmark interest rate virtually at zero. But in a surprise, it drastically increased the amount of money it will create out of thin air to thaw out the still-frozen credit markets that have cramped lending to consumers and businesses alike.

(Excerpt) Read more at iht.com ...


TOPICS: Crime/Corruption
KEYWORDS: bho44; bhoeconomy; fed; first100days; larrysinclairslover; marxistquisling; obama
Good grief
1 posted on 03/18/2009 4:59:08 PM PDT by pissant
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To: pissant

What the hell could they be “buying” them with?


2 posted on 03/18/2009 5:00:04 PM PDT by raybbr (It's going to get a lot worse now that the anchor babies are voting!)
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To: pissant

The inflation that this will cause will outshine Zimbabwe’s.


3 posted on 03/18/2009 5:00:56 PM PDT by Don Corleone (Leave the gun..take the cannoli now reads "Oil the gun..eat the cannolis.")
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To: pissant

Our great-grandchildren’s MasterCard has an unlimited credit line.


4 posted on 03/18/2009 5:01:24 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: pissant

I live in So California and for about the last hour or two the air smells real bad anyone know whats going on? its horrid


5 posted on 03/18/2009 5:01:39 PM PDT by al baby (Hi Mom)
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To: pissant

I guess the Chinese aren’t buying enough junk bonds.


6 posted on 03/18/2009 5:02:07 PM PDT by earlJam
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To: pissant

No one at the Fed ever heard of Bernhard Krüger.


7 posted on 03/18/2009 5:03:21 PM PDT by SpaceBar
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To: pissant

wunner what hillary promised to the chinese...


8 posted on 03/18/2009 5:03:22 PM PDT by the invisib1e hand (Wall Street: Built by dropouts and misfits, destroyed by the Ive League's finest.)
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To: pissant

hyperinflation anyone?


9 posted on 03/18/2009 5:04:15 PM PDT by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: pissant

Listened to this earlier today:

Why the Meltdown Should Have Surprised No One
http://blog.mises.org/archives/009620.asp


10 posted on 03/18/2009 5:05:23 PM PDT by beaversmom
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To: pissant

Words fail me.


11 posted on 03/18/2009 5:05:26 PM PDT by Right_in_Virginia
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To: pissant
From where Pissant, From Where?
12 posted on 03/18/2009 5:05:41 PM PDT by TexasCajun
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To: raybbr
What the hell could they be “buying” them with?

Hint: They own a printing press.

13 posted on 03/18/2009 5:05:55 PM PDT by NeoCaveman (control the teleprompter, control the world)
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To: Don Corleone
The inflation that this will cause will outshine Zimbabwe’s.

Perhaps, however we will go to our sovereign grave knowing that we are the greenest, planet sensitive, ozone caring, planet sensitive cadavers known to mankind.

So what's the big deal?/s

14 posted on 03/18/2009 5:09:07 PM PDT by EGPWS (Trust in God, Question everyone else)
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To: earlJam

I guess the Chinese aren’t buying enough junk bonds.
*****************************************************
BINGO , Junk=Treasury


15 posted on 03/18/2009 5:24:11 PM PDT by Neidermeyer
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To: pissant
It must be nice!


16 posted on 03/18/2009 5:29:26 PM PDT by TheDon (B.O. stinks!)
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To: TheDon

They just laid off a bunch of workers at the plant where they make the paper for the money. I guess they havent gotten the news. (Actually they laid off the folks making note paper....because no one but Obama is having parties, so no one sends thank you notes any more.)


17 posted on 03/18/2009 5:33:27 PM PDT by Vermont Lt (Ein Volk, Ein Riech, Ein Ein.)
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To: pissant

How much money does America have in circulation? I would just like to know if this administration has spent most of it yet, or not.


18 posted on 03/18/2009 5:36:49 PM PDT by CindyDawg
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To: pissant
Fed to pump another $1 trillion into U.S. economy

Fed to pump another $3 trillion out of the real economy to redistribute that which doesn't get sucked up in administrative bureaucratic costs to failing companies and favored CEOs

19 posted on 03/18/2009 6:05:23 PM PDT by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: pissant

At this rate, in a year or two it will take a wheelbarrow full of 100 dollar bills to buy a Big Gulp!

Absolute freaking retards running our Country!


20 posted on 03/18/2009 6:52:51 PM PDT by RocketMan1
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To: al baby
I live in So California and for about the last hour or two the air smells real bad anyone know whats going on? its horrid

Has Barry Sotero arrived in SoCal for his improv event with Jay Leno? THAT could be what you're smelling.

21 posted on 03/18/2009 6:57:18 PM PDT by RocketMan1
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To: pissant
We're going to have Agentina-like inflation in six months.

Welcome to the third-world everyone.

That money you still have in your 401-K will soon be worth even less.

By the time he's finished, the great 0 will have destroyed something like 3/4ths of the value of US assets.

22 posted on 03/19/2009 8:46:38 AM PDT by mojito
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To: earlJam
The Chinese rulers want to feed their people and hence they are not going to spend their cash money on Treasury bonds. They are going to have food riots soon. They are in much worse shape than most people think. To begin with 90% of the Chinese live in abject poverty that we cannot even imagine here in the US. Now with this world wide deep recession they are suffering more than anyone imagine.
23 posted on 03/19/2009 8:52:43 AM PDT by jveritas (God Bless our brave troops)
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To: pissant
Question... I was planning on buying a house before the Dec. 1st tax-credit expiration date. Am I correct in thinking that with inflation looming, it's best to buy as soon as possible?
24 posted on 03/19/2009 10:18:36 AM PDT by Sandy
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