Look at it this way, where would your rather put your money…on the brains and integrity of America’s central bankers…or on a dumb metal? We’ll take the metal!
December 14th, 2009 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "U.S monetary base"
Feds Begin Buying U.S. Treasuries Bonds
Do you remember how it works, dear reader? When you buy a U.S. Treasury bond, you pay for it with real money – or, at least as real as dollars get. Money changes hands. No net increase in the money supply. But when the Fed buys a Treasury bond it creates the money to buy it…and thus the money supply increases.
March 26th, 2009 | Bill Bonner | 2 comments | Continued
