Thread: Economics The "Fed"
View Single Post
Old 02-23-2014, 11:55 PM   #31
KC native KC native is offline
a toda madre o un desmadre
 
KC native's Avatar
 

Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $17009
Quote:
Originally Posted by petegz28 View Post
Just remember 1 thing, the Fed prints money that is backed by nothing more than the full faith and credit of the USA. In other words, the ****ing tax payers.
You have to be more accurate than that Pete. The Fed doesn't print money. The Treasury is who prints money. The Fed has dramatically expanded credit and kept interest rates low so banks could recapitalize by lending at an abnormally high spread and stimulate economic activity by expanding credit.
__________________
The diameter of your knowledge is the circumference of your actions. Ras Kass

Quote:
Originally Posted by Iowanian View Post
I'm just a little pussy from Iowa
Posts: 18,866
KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.KC native is too fat/Omaha.
  Reply With Quote