Posted on 03/18/2009 12:20:49 PM PDT by Grampa Dave
Edited on 03/18/2009 12:31:29 PM PDT by Jim Robinson. [history]
The Federal Reserve surprised financial markets and committed to buy $300 billion in longer-term Treasurys to help the economy recover. The Fed was more pessimistic about the outlook...
(Excerpt) Read more at marketwatch.com ...
Well, shit. My credit rating is shit. I’m floating one credit card against the other....things seem like there really going to shit....hmmmmmm.....I’m gonna buy up some of my OWN worthless paper with ADDITIONAL worthless paper....makes a shitload of sense to me........
And in other news, the Chinese Navy just announced the building of a new class of air craft carrier....
Exactly, I couldn’t figure out what the up side on this is.
With that financial history, you might have a future:
Go commit a couple of crimes and then not pay your taxes.
Then, Obozo the Zer0 might hire you as an economic advisor.
Thats what I’m aimin’ for...gotta piss off my boss and get fired first!
My take is the Federal Govt. needs $300 billion more than they can borrow from other countries,organizations,and individual people, so the Fed. Reserve is printing up the needed 300 billion. - Tom
If you get fired, you could get a paycheck from Acorn for registering the dead for the upcoming census.
“My take is the Federal Govt. needs $300 billion more than they can borrow from other countries,organizations,and individual people, so the Fed. Reserve is printing up the needed 300 billion.” - Tom
You are correct with the exception of printing up money.
Printing money is so old fashioned.
You create it electronically on the servers in the basement of the Fed and the treasury.
As an aside, the Metropolitan Atlanta Rapid Transit Authority (MARTA) once had an actual 'welfare queen' as the CEO of the board, no kidding. An honest-to-goodness Perry Homes resident.....this is our government.
>> I’m gonna buy up some of my OWN worthless paper with ADDITIONAL worthless paper
Think of how it will impress your neighbor, too. You know, that Chinese guy across the lake who’s been floating you all those loans ‘cause he thought you were rich...
>> Printing money is so old fashioned. You create it electronically on the servers in the basement
No kidding??!? Money comes from the same place as spam and pr0n?
Who knew?
Damn! So that's where that 'bit-bucket' is!
You could steal an identity from an illegal alien or a dead person to get paychecks from Acorn.
Naw...no illegals or dead people....newborns!!!!! They got the real potential!!!! Otherwise, the government would be robbing illegals and the dead (wait a minute, they ARE robbing the dead).....anyway, the newborns and the yet-to-be-born that have excaped the abortionists is the ticket!!!! Let’s just make them pay for all of this!
Then. you can hack the servers after you set up your off shore account.
The recently born and yet to be born will be paying for this meltdown on Main Street across America.
Beside printing money is not green and leaves a huge carbon footprint.
We can use solar power to electronically create money in the Fed and the Treasury. Green is beautiful when it is electronic.
You got it. As a grandfather, this is probably the worst thing to confront me in my older years. On the surface it looks like I can do nothing personally except teach them and their parents. I wake each night thinking this isn’t enough, but I also know things aren’t bad enough yet for ‘real-change’ from this ‘change’ to occur.
Now the Fed is a private corporation made up of banks as shareholders. But we’ve been bailing out the banks. So where does the Fed get this Trillion dollars from (300 billion for treasuries, and 750 billion for Fannie and Freddie securities)?
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