- I believe the amount of money printing is well over US$85B per month. I do not believe any foreign country is buying US treasuries in any huge quantity like before ie. the FedRes is covertly monetizing at least 70% of the US$1.4B deficit. I am saying The Bernank is lying when he says only US$85B/month. It is closer to US$40B (newly announced MBS monetization)+US$80+B= US$120+B/mth!
- This is really about bailing out the banksters! It is about buying the worthless, toxic and mostly fraudulent MBS derivatives from Illuminist banks. The cost to the FedRes is ZERO since they create the money out of thin air. They simply type the amount needed into their computer system! What a SCAM!
Bernanke Press Conference: ‘Counting All QE Programs, Fed Will Spend $85 Billion Per Month Not Just The $40 Billion Announced Today’ (VIDEO)!
The new program, or QE3 as it is called, is $40 billion per month of MBS, but there’s another $45 billion of Treasury monetization that’s already taking place every month via Operation Twist, as well as the Fed’s ongoing reinvestment of proceeds from maturing mortgage and agency debt, bringing the total to a cool $85 billion every 30 days, or roughly $300 billion between now and Christmas.