View Single Post
Old 09-21-2011, 06:47 PM   #12
Roamsaffots

Join Date
Oct 2005
Posts
509
Senior Member
Default
I guess the idea is to push long term interest rates down at the expense of short term rates, but what good does this do? And just who is buying to $400b of short term debt the fed is selling?
I think they expect the European and Japanese central banks to do that, with the dollars they created from thin air, and swapped for Euro's, Pound's and Yen's created out of equally thin air, just as these countries expect them to buy their bonds to support their crashing economies. The benefit of this arrangement is that it is slightly harder for someone not following their shenanigans to figure out that they have debased the currencies involved to finance the galloping deficits, and you can certainly count on the non-investigating journalists of ziomedia NOT to report on it.

The central bank swap a few days earlier was QE 2.5! Does anyone know how much they printed (figuratively speaking) and swapped?
Roamsaffots is offline


 

All times are GMT +1. The time now is 02:16 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity