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Old 09-21-2011, 07:04 PM   #15
Z2sc8gEz

Join Date
Oct 2005
Posts
497
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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.
That was my thought too, so the net of it is an additional $400 bn out of thin air to buy long term treasury debt. $400 bn is lower than I thought it would be, I thought for sure it would be closer to a trillion.

The markets aren't really reacting strongly one way or the other. The dow is only down around 60 and metals are mixed.
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