roberth
07-17-2013, 12:37
Swell.
From Forbes - http://www.forbes.com/sites/afontevecchia/2013/07/17/bernanke-to-congress-we-are-printing-money-just-not-literally/
“Where does the Fed get the money to buy [assets],” Congressman Keith Rothfus asked the Chairman. “Do you create the reserves,” he queried in a follow up, receiving a simple “yes” from Bernanke. And finally, the money shot: are you printing money? “Not literally,” the Fed Chairman surprisingly responded.
The ride has to end sometime, where will you and your loved ones be when the circus train stops?
From Forbes - http://www.forbes.com/sites/afontevecchia/2013/07/17/bernanke-to-congress-we-are-printing-money-just-not-literally/
“Where does the Fed get the money to buy [assets],” Congressman Keith Rothfus asked the Chairman. “Do you create the reserves,” he queried in a follow up, receiving a simple “yes” from Bernanke. And finally, the money shot: are you printing money? “Not literally,” the Fed Chairman surprisingly responded.
The ride has to end sometime, where will you and your loved ones be when the circus train stops?