47 BILLION more into the banking system

[rp08rp]

and the FEDS take the GOLD COINS, LOL


Fed pumps 47.25 bln dlrs into US banking system

1 hour ago

WASHINGTON (AFP) — The Federal Reserve injected 47.25 billion dollars into US money markets Thursday to help ease tight liquidity, the central bank said.

The Federal Reserve Bank of New York said it had injected the money in three separate operations: 19.25 billion dollars in a one-day operation, 20 billion dollars in a six-day operation and eight billion dollars in a 14-day operation.

The US central bank typically buys billions of dollars worth of securities from major banks, pumping extra cash into the banking system, which the banks are obliged to repurchase at a later date.

The New York Fed, which conducts the operations, has injected hundreds of billions of dollars into the financial system since early August, when credit flows seized up due to problems linked to the distressed US mortgage market.

[rp08rp]

HERES MY VIDEO on this tap dance no one talks about

http://www.youtube.com/watch?v=3t1m4r-IB1U

[aravoth]

christ

[KewlRonduderules]

what are these people thinking?!

Inflation, we already greeted you. Come and make yourself feel at home.

[dsentell]

Makes me feel sick to my stomach . . .

[Chase]

*golf clap*

[Zydeco]

google "crack-up boom"

[ashlux]

Didn't they just do that like last week? And a month before that?

[Zydeco]

And look what it does to the dollar index -- almost nothing. It's like when you've drunk so much salt water that drinking more only slakes your thirst for 10 seconds. It means you're near the end.

Look at our government out of control -- printing more money as the dollar keeps sliding, hastily passing more and more laws to imprison more and more people and tax them more heavily, trampling more and more civil liberties in a desperate attempt at solvency.

Ayn Rand was right. Anything but the smallest government, constantly watched by a well-informed and vigilant people, ends in tyranny. We're very close to it.

[rp08rp]

Didn't they just do that like last week? And a month before that?

and the month before...
and the month before that..

Its eye opening.
Takes about 6-12 months to flush out thru the system.

[American]

I would go out and spend some of that hard earned worthless paper and exercise your 2nd amendment, and buy GUNS.

Might as well buy something that wont lose its value, they make great X-mas gifts.

[seapilot]

Meltdown. Its like they are throwing gasoline to put out a fire. Buy a woodstove, dollars will be cheap to get and more available than heating oil or Nat Gas.

[runderwo]

Remember this is open market operations, the money is being printed but it's only on the market for up to four months by which point the borrower must repurchase the collateral. As opposed to the money that is printed to finance deficit spending, which is printed and gone forever. But it's still bad if you consider below-market-rate credit from the central bank to lead to a misallocation of resources like Austrian Economics does.

[LibertyEagle]

link?

Please post links to the articles you post.

[Cowlesy]

Yeah I want a link.

I went to the Bloomberg Terminal and there is absolutely nothing about this on the wires.

Just remember "AFP" which I believe stands for "Associated Free Press" is not the same as "AP" or Associated Press.

[me3]

I would like a link, and it posted in the right section.

And a cherry on top.

[The Good Doctor]

Anyone know of a running total of how much has been pumped in since the Fed started up the printing presses in August?

[Menthol Patch]

This is insane.

A depression is on the way.