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As the smoke cleared, Harry Veeder <[email protected]>
mounted the barricade and roared out:

> > Just in from the Wall Street Journal:
> > 
> > > The Federal Reserve said Wednesday it will buy up to $300 billion in
> > > longer-term Treasurys
> > 
> > When the Fed buys treasuries they do it with "new money", "high 
> > poweredmoney", "magic dollars".  Whatever you care to call it, it 
> > means that
> > they create the money out of thin air.  In fact, as far as I know, 
> > thisis the only way the U.S. government currently has for creating new
> > money; everything else is just transfer payments.
> 
> If only it were created out of thin air.
> In fact it is being taken from your grandchildren and greatgrandchildren.
> Harry

And that's why we're having a revolution, mister: we're not going to
put up with this crap any longer.


- -- grok.




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