Wednesday, December 03, 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:

11-24-2024

  Lindsey Graham Tells Allies ‘We’re Gonna Crush Your Economy’ if They Arrest Netanyahu for War Crimes