While everyone was busy watching election recaps, or bitching about Prop 19 not passing, or watching Obama discuss his "shellacking," the Federal Reserve made a big announcement yesterday.  They have a stimulus plan for us!  What's that?  You didn't want another stimulus plan?  Oh, that's ok..... this one isn't from the government.  This is from the Federal Reserve -   According to the Board of Governors, the Federal Reserve is independent within government because "its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government." 
 
So what's this new stimulus plan?  Are we all getting checks in the mail again?  Are we going to see a bunch of jobs created or something?  No, of course not!  We're going to buy $600 billion of our own debt!  We're going to print more money, that we don't have, to buy debt that we already owe.  What does this mean in laymen's terms? 
 
If you have a mortgage with Chase, trying going to them and asking them for a loan to pay off your mortgage.  There ya go. 
 
So why is this going on?  Because America's credit score sucks.  We're afraid that if we go to China again, they'll deny us based on our shitty credit.  If we go to another country, they'll ping our credit report.  Our debt to income ration is NOT looking good. 
 
But don't worry, we got it!  We're going to take these IOUs here, and use these to buy up our debt.  By the way, these are the same IOUs that we've stuffed in the Social Security fund that we've robbed. 
 
And no one's the wiser because the media isn't reporting this.  They're too busy talking about Obama's "shellacking" or Pelosi's "No Regrets" or the GOP's calls for repeal of the Health Care bill.  But let's completely gloss over the fact that we could be seeing another crash next year. 
 
See, the plan is that the Federal Reserve is going to buy $75 billion in bonds per month until about June of next year.   Here are some more numbers for ya:  

 The Fed's plan will increase the supply of dollars and most likely push the value of the currency down. The dollar is at its lowest level since December 2009 against a broad basket of currencies, and was down 1 percent against that index Thursday.   

 According to the Board of Governors, the Federal Reserve is independent within government because "its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government."

   

 Finance ministers in emerging economies like China and Brazil have criticized the Fed's stimulus plan and said that the added supply of investment dollars could lead to asset bubbles in their countries.