This is a staggering devaluation of the US currency! It means that for every dollar in America in September 2008, the fed is going to created fourteen more of them!
Expanding the money supply is easy. All the fed has to do is print dollars and then use them to buy assets. There is no effective limit to how much the fed can print and spend.
TVNL Comment: They are killing us. They are taking our money and reducing its value to nothing.
Over the last year, US corporate leaders have often explained layoffs by saying the positions were...
