Fed to Buy More Than $1 Trillion in Securities
Saying that the recession continues to deepen, the Federal Reserve announced Wednesday that it would pump an extra $1 trillion into the mortgage market and longer-term Treasury securities in order to revive the economy.
Yeah, look what the price of gold did in reaction... can anyone say INFLATION? Does anyone in government pretend to understand basic economics? They are creating no value or wealth, only devaluing our currency. Pretty soon dollars and yen will be 1:1.
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