Monetizing.....things I dont get!

By: mobal , 1:13 AM GMT on September 13, 2010

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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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3. Beachfoxx
1:32 PM GMT on September 13, 2010
Make it stop!
Member Since: July 10, 2005 Posts: 157 Comments: 29391
2. NRAamy
4:09 AM GMT on September 13, 2010
Welcome to Obama-nation....
Member Since: January 24, 2007 Posts: 319 Comments: 31956
1. conchygirl
1:15 AM GMT on September 13, 2010
Scary stuff Mobal!
Member Since: June 11, 2008 Posts: 24 Comments: 5910

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