The Federal Reserve, under the leadership of Ben Bernanke, called out all the fire trucks and opened up all the hoses. Rates were cut to zero…and the Fed expanded its balance sheet – increasing the amount of credit available to the banking system – by nearly $1 trillion.
March 3rd, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "tax rebate"
Feds’ Attempt to Bail Out Consumers with Tax Rebates
You’ll remember our explanation of the world money system. The Fed is no longer America’s central bank. Now, it’s the world’s central bank. But it’s a funny old world.
July 2nd, 2008 | Bill Bonner | 1 comment | Continued