Money Out Of Thin Air

Today was another watershed day in the markets. The Fed today has pumped an eye popping $38 billion dollars into buying junk mortage debt today from flailing hedge funds and institutions. That's 38 with a B billion dollars. The name of the game is bailout when the shit hits the fan like it is now. If you or I tried to do what the Fed did today it's called counterfeiting and you can go to jail on a felony if convicted. When the Fed does it, it's called "adding liquidity" or calming the markets down. What this really is, is a giant F you to the value of our US dollar. Say hello to inflation. The Federal Reserve a big cruel joke. They have no idea what is going on right now. What we're seeing right now is the unraveling of the alchemy of modern finance the way its been done for the last 80 or so years. If anyone wants a good book to understand what the Fed is doing right now and why they're doing it, go pick up "The Creature From Jekyll Island by G Edward Griffin over at Mr. Griffin's website Reality Zone or Amazon.com