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Reveling John · 10-07-2008, 03:32 PM

The Fed will buy debt? But the Fed makes our currency. Are they just gonna print up a bunch of money or give huge credits to the banks? WTF does that mean?

What's the difference between the Fed buying debt and the Fed pushing more money/credit into circulation? Currently our money is created through the Fed buying debt (US treasury bonds) to begin with.

Oh, and 1.3 TRILLION?!!! What is that going to do to the value of the dollar?

10-07-2008, 03:32 PM	#32
Reveling John Avalon Senior Member Join Date: Sep 2008 Posts: 89	Re: October 7th Headlines in the news The Fed will buy debt? But the Fed makes our currency. Are they just gonna print up a bunch of money or give huge credits to the banks? WTF does that mean? What's the difference between the Fed buying debt and the Fed pushing more money/credit into circulation? Currently our money is created through the Fed buying debt (US treasury bonds) to begin with. Oh, and 1.3 TRILLION?!!! What is that going to do to the value of the dollar?