Current Events — HabitableZone

Current Events » in reply to "The 44th president's $4 trillion headache"

Don't worry, the Feds are printing 50 Billion Dollars a Month and Giving it to the Banks

Seriously.
We run out of money?
Why.... just print some more! It's all smoke and mirrors anyway.

>"US banks have been quietly borrowing massive amounts of money from the Federal Reserve in recent weeks by using a new measure the Fed introduced two months ago to help ease the credit crunch.

The use of the Fed’s Term Auction Facility, which allows banks to borrow at relatively attractive rates against a wider range of their assets than previously permitted, saw borrowing of nearly $50bn of one-month funds from the Fed by mid-February."

Article <here.>

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