Uhhhh...They are buying $85 billion of our own bonds every month. Problem? The Fed doesnt really have that in their account. So how do they do it? AMEX black? Hardly...they print new dollars to pay for it. What does that mean friends? Well...they just create more money out of nowhere. Sort of like legal counterfeiting. Problem with that? Debases our currency and makes every dollar in your pocket worth less. This was supposed to boost the economy. Sorry...thats been slow, and ultimately will lead to inflation. Anybody care to weigh in?
Posted on: Fri, 25 Oct 2013 01:41:26 +0000