On Mar 12, 11:43=A0am, "Andy F." <never.m...@[EMAIL PROTECTED]
> wrote:
=2E..
>
> That's almost true - apart from the bit about printing money and
> hyperinflation.What the Fed are actually doing is exchanging Treasury
bond=
s
> for mortgage- backed securities.This doesn't effect the money supply.
>
You will have to explain how Treasury bonds are not money or like
money and why the price of oil and gold are going up, if not because
the Fed is making money.
> What they are doing is bad enough. By buying $200 billion worth of junk
> bonds the Fed is exposing itself - and ultimately the US taxpayer - to
$20=
0
> billion of potential losses.
>
>
