Posts tagged ‘printing money’

Quantitative easing = Unlimited printing

Written March 19th, 2009 by
Categories: All publications, Egon's Publications

by Egon von Greyerz

The Fed decided yesterday to spend another $ 1.15 trillion to try to save the financial system. They will spend $ 750 billion to  buy mortgage backed securities and $ 300 billion to buy long term Tresuries.

These purchases will make the Fed’s balance sheet baloon to $ 4 trillion. Most of their assets will consist of worthless and unmarketable paper. Read the rest of this entry »