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. 

Man, I'm just going to watch the Kinect thing all day, think happy thoughts, and try not to cry myself to sleep over this.  I already stopped looking at the news to avoid things like this.

It's okay, Jeb Bush will be the President from 2012 and the country will be back to normal. 
 
America never fails in a Bush Presidency.

That's ...fucked. So, basically your going to get a 600Billion loan to pay off 600billion in debt... so wouldn't that mean you now owe 600Billion still +interest? but to everyone else you somehow pulled 600billion out of your ass? 
 
I know our Debt isn't any better.( Canada sitting at 566.7Billion ) and as far as how we're going to pull shit out of OUR asses ( we wont) is beyond me but that way seams a bit.. cheeky? 
I dunno. I don't understand how that's going to make anything better, well. Unless your the Federal Reserve that is.

ugh
 
could I get a link to where you got this?

Dear America: 
 
Stop being stupid. 
 
Signed, 
Canada.

Oh god, read the comments on that article. I think my favorite was the guy saying Obama is in bed with Bin Laden and his Agenda is to destroy the American Economy to destroy America from the inside.

" Oh god, read the comments on that article. I think my favorite was the guy saying Obama is in bed with Bin Laden and his Agenda is to destroy the American Economy to destroy America from the inside. "

" @Pinworm45 said:

" Oh god, read the comments on that article. I think my favorite was the guy saying Obama is in bed with Bin Laden and his Agenda is to destroy the American Economy to destroy America from the inside. "

Oh my god, it's true.  Obama is a secret muslim that's having a gay sex affair with Osama.  OH MY GOD  Obama - Osama O_ama OH MY GOD.  IT MAKES SENSE! "

/sigh 
 
I'm cashing in all my currency and moving to mars.

" @KaosAngel said:

" @Pinworm45 said:

" Oh god, read the comments on that article. I think my favorite was the guy saying Obama is in bed with Bin Laden and his Agenda is to destroy the American Economy to destroy America from the inside. "

Oh my god, it's true.  Obama is a secret muslim that's having a gay sex affair with Osama.  OH MY GOD  Obama - Osama O_ama OH MY GOD.  IT MAKES SENSE! "

You think that's scary?  Osama has 5 letters in his name.  So does Obama. 5+5 = 10.  Bin Laden is 8 letters. 10+8 = 18.  President = 9 letters. 18-9 = 9  What is the number of the different letters in their names?  S = 19 B = 2  19 + 2 = 21. Now get rid of the 10 from the first calculation of 5+5 (osama and obama) and you have 11.  THAT'S 9/11.  OBAMA IS BEHIND OSAMA. "

Obviously it's not like when you owe your buddy $20.  I quite understand.  Just like our "debt" to China isn't debt as in a regular ol' loan.  They bought bonds from us. 
 
But bonds are nothing more than currency placeholders, IOUs.  And if we're buying our own IOUs... that's a problem.

Really?  I just googled the definition, in case I was way off base... doesn't appear to be so...  

 A long-term debt security issued by corporations and governments offering fixed interest payments periodically for a period of more than one year. Bonds do not represent ownership; rather an investor who buys a bond is actually lending money to the issuer, to help finance current operations and new acquisitions of property, plant or equipment.    

Printing more money doesn't really solve the problem, it only leads to inflation.

"   I quite understand. "

fuck 
 
at least our currency will go up, 
 
What are we going to base world currencies on now?  
 
Chinese Yuan?