Feds to dump $100 billion more into the economy

Feds to dump $100 billion more into the economy

news.yahoo.com

The Federal Reserve announced Friday it will auction another $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis.

The central bank said it would make $50 billion available at each of two auctions, on April 7 and April 21.

Through the end of March, the Fed has provided $260 billion in short-term loans to commercial banks through the innovative auction process. It also has employed Depression-era provisions to provide money to investment banks.

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Related News Links:
www.msnbc.msn.com
www.detnews.com

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Sure, let's devalue the dollar some more.

Now if you're wondering where the conspiracy comes into this, if you read the full story, they are lending money DIRECTLY to the banks that have been loaning money in "risky lending practices". It's like they're throwing gasoline onto the fire.

It's almost like they WANT the market to crash.


news.yahoo.com
(visit the link for the full news article)

More of our children's children's future down the rabbit hole.

If there's any future for them left...






[edit on 28-3-2008 by goosdawg]

Not quite how I would have put it, I was thinking more, hear comes more inflation.
I have started getting some bonds with the rate based on inflation because of that.