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Fed Injects Liquidity To Unfreeze Credit; Markets End Mixed
August 10, 2007: 08:05 PM EST
Aug. 10, 2007 (Investor's Business Daily delivered by Newstex) --
The Federal Reserve injected $38billion into the banking system in three operations Friday, attempting to avert a credit crunch that could threaten the economy.
The central bank pledged to provide cash as needed "to facilitate the orderly functioning of financial markets."
It was the Fed's biggest one-day injection since it added $81.25 billion shortly after 9-11. The Fed added $24 billion on Thursday.
Continued here
money.cnn.com/news/newsfe...18826476.htm
Comment: What does this say about the current financial situation when you have the Fed injecting this much money just to keep the markets from crashing. These little bandaids will only work for so long and the Central Bankers know it. They create money out of nothing so they can keep printing more money and keep buying up the Dow Jones index stocks (through the plunge protection team) to keep the illusion of prosperity going. This over printing of US dollars will send the greenback to zero at some point and worthless paper and then introduce the North American currency "The AMERO".
August 10, 2007: 08:05 PM EST
Aug. 10, 2007 (Investor's Business Daily delivered by Newstex) --
The Federal Reserve injected $38billion into the banking system in three operations Friday, attempting to avert a credit crunch that could threaten the economy.
The central bank pledged to provide cash as needed "to facilitate the orderly functioning of financial markets."
It was the Fed's biggest one-day injection since it added $81.25 billion shortly after 9-11. The Fed added $24 billion on Thursday.
Continued here
money.cnn.com/news/newsfe...18826476.htm
Comment: What does this say about the current financial situation when you have the Fed injecting this much money just to keep the markets from crashing. These little bandaids will only work for so long and the Central Bankers know it. They create money out of nothing so they can keep printing more money and keep buying up the Dow Jones index stocks (through the plunge protection team) to keep the illusion of prosperity going. This over printing of US dollars will send the greenback to zero at some point and worthless paper and then introduce the North American currency "The AMERO".
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