posted on Oct, 13 2008 @ 03:55 PM
no, the Fed is not printing billions. That would be to expensive (paper, ink , printing process etc) , they just create the money in electronic
version (well, this means a number in the computer) .Today it did work as the US stocks recovered half of the loss from last week. The final result
will be the recovery of the Financial market, but with the decrease of the value of the $ and the purchasing power of the Americans or whoever uses us
$.. Europe did the same today , so yes the value of the £,$,Euro etc will go down with several percentages.