Fed Floods Banks with $630 Billion in New Money
By Mike Adams, September 29, 2008 | Key concepts: Money supply, Federal Reserve and Hyperinflation
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Can you say, "Hyperinflation?" The Federal Reserve is pumping up the money supply like a 20-year-old who just discovered a counterfeit $100 bill printing press. Is there no limit to the hundreds of billions of dollars the Fed will effectively steal from the People in order to bail out the banks? What you're watching here is the greatest swindle in the history of the world.
From Bloomberg.com: The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.... more
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