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Monetizing.....things I dont get!
By: mobal , 1:13 AM GMT on September 13, 2010
The Fed has been running its printing presses for quite some time. In January, printing new money to buy government and corporate debt. It planned to buy $500 billion in mortgage-backed securities, including those issued by Fannie Mae and Freddie Mac, and this is just a start.
Now it looks to me That they are buying their own debt back at a higher interest than recieved.....President Johnson tried the same and a few years later we had 21% interest...I dont get it!
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