SPDR S&P 500 Message Board

wouldnt that crash the economy by contracting the money supply so severely?

Buying and selling U.S. bonds, as described in the Act, is the FED's primary tool of regulating the money suppy. The FED can buy any U.S. government backed instrument.

There's also an insider trading law. Do you think this applies to the Gov. They go by their own laws, just because it is written does not mean they go by it. The Constitution is law as well, but is being ignored by our oh so corrupt govt. I believe in the law as well but we live in differnt times now.

One Year u.s. can balance or get budget in green.
1. close all u.s.bases around the world.
2. quit giving money to any other nation for anything (no more hand outs).
3. stop unemployment pmts and all subsidies (hand outs).
4. Tax everyone not just the working .

Did you read how I described how they bought us bonds? Why wouldn't they be able to do that with any security?

If there's a will there's a way. Indirect or directly.

Of course he can expand asset purchases. Do you know what those asset purchases are?

Read tha act. It is the law.

bernank has said he can and will expand asset purchases if he wants too.

According to that law they are not suppose to be able to buy us bonds either. What they do is have the primary dealers buy the bonds then the fed buys them from the dealers a week later.

Same would happen with other assets if bernank wanted too.

you seem to not understand how our system works. the debt simply means the base money supply has been expanded.

If the velocity of money picks up and inflation starts to rise too high, bernank can sell off the us debt on the feds books to soak up dollars.

far as I'm concerned, it is the only thing the politicians should be concerning themselves with

Ron Paul appears to be the only politician that realizes it

the rest should be ignored

it is a very serious problem, being ignored

stupid stupid stupid