Tuesday, December 02, 2008

The Fed and the magic circle of eternal wealth

"The 'Siegfried and Roy' of international finance, Paulson and Bernanke have come with a new trick. This is how it's gonna work : The Treasury is gonna print pieces of paper called Treasury bonds and sell them to... the Fed ! In return, the Fed is gonna print pieces of paper called bank notes and use them to pay the bonds." Read the rest!

read more | digg story

No comments: