Thursday, March 15, 2012

Greater amounts of the securities it prints


Bernanke‘s backdoor tricks to support the growing deficits via stealth Quantitative Easing can no longer be hidden. Things must be really getting desperate over there. They usually wait 3 or 4 days before doing what they deny they are doing. This latest example took all of 30 minutes! Is funding getting so desperate that they couldn’t have waited a day or two?
From Zero Hedge the following quote and story:
“We hope that as Bloomberg and other MSM conduits disseminate this and other relevant stories, that more and more people become familiar with the behind the scenes machinations that the Fed is doing, all in its single-minded pursuit of gobbling ever greater amounts of the securities it prints, all with the hidden agenda of destroying any residual value the US currency may have as any confidence that the dollar may be worth anything is promptly refuted by the most recent wave of dollar bills printed by the Chairman.”

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