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Originally Posted by Reveling John
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?
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It appears that they will print a bunch of cash to pay for all of this. More than likely it will weaken the dollar and hyper inflate our economy.