While Congress still squabbled over approx $7 billion in stimulus bill so-called earmarks, the Fed, with no public debate, in effect pulled $1.2 trillion out of the hat yesterday. By comparison, Obama's total proposed FY 2010 budget is $3.6 trillion. View video on the modern MEANING OF MONEY and what the FED ACTION actually means. Just who's really running the show?
Thursday, March 19, 2009
How Money Is Made (the Sequel)
While Congress still squabbled over approx $7 billion in stimulus bill so-called earmarks, the Fed, with no public debate, in effect pulled $1.2 trillion out of the hat yesterday. By comparison, Obama's total proposed FY 2010 budget is $3.6 trillion. View video on the modern MEANING OF MONEY and what the FED ACTION actually means. Just who's really running the show?
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