SSH! What they won't say about sequester - 83 billions of dollars is

[truedelphi]

What happens to Federal Spending, (in terms of cuts) and it also is the amount of money allotted to banks!

Ain't it great! Ain't it grand! The nation is run by the Big Financial Brands.

https://twitter.com/StevenSinger3/status/308024761504636928/photo/1

[dkf]

1. Wrong.

The Fed does this EVERY MONTH. The sequester is over a year.

And you don't need to be a bank to take advantage of this. They buy treasuries and mortgage backed securities from whoever. You could be a hedge fund.

Their purpose is to keep interest rates down which also serves the purpose of creating interest rates the US can afford to pay on their Treasuries which reduces the deficit/debt.

I heard that at the end of the year the Fed is expected to own 40% of outstanding Treasuries held by the public. Crazy.

[truedelphi]

2. You and I have had the Fed Reserve disagreement for quite a while now.

The Federal Reserve does keep interest rates down, fr the inner circle of Big Financial players. Who are mostly A) sitting on a whole lot of the money and B) what they' re lending out tends to go to each other, so that they can do the merger thing. (In fact, this past week was a record week for mergering! Great bit of profits for anyone whose last name is Buffett!)

But in terms of the average Joe and Judy, they have to rely on the 8.9to 29.9% loans offered by the credit cards.

I could go further on this riff of mine, like getting into the particulars of the LIBOR situation.

Typing out more of a response probably won't help you get to the larger picture. But perhaps some others reading here might be interested, so here is one decent link:

ttp://www.huffingtonpost.com/rep-bernie-sanders/the-veil-of-secrecy-at-th_b_1072099.html

[dkf]

3. I thought you were talking about the $85 billion the Fed uses for QE.

What are you talking about?