Fed pumps $1.2tn into US economy

Discussion in 'Politics, Religion, Social Issues' started by edesignuk, Mar 19, 2009.

  1. edesignuk Moderator emeritus

    edesignuk

    Joined:
    Mar 25, 2002
    Location:
    London, England
    #1
    BBC.

    The figures that get batted around these days just get bigger and bigger.

    Makes the £75bn UK "quantitative easing" look like child's play :eek:
     
  2. marbles macrumors 68000

    marbles

    Joined:
    Apr 30, 2008
    Location:
    EU mostly
    #2
    It' s all a bit of joke anyway the money system..."hey we are in a crisis...lets print some more money" it'll all crash down back to bartering one day
     
  3. Eraserhead macrumors G4

    Eraserhead

    Joined:
    Nov 3, 2005
    Location:
    UK
    #3
    Remember the UK has a 5x smaller population so comparatively £75bn is equivalent to about $600 billion (assuming $1.6=£1)

    That or using Euros/Yuan/whatever instead :p.
     
  4. edesignuk thread starter Moderator emeritus

    edesignuk

    Joined:
    Mar 25, 2002
    Location:
    London, England
    #4
    That should hopefully be obvious to anyone ;) :p

    Population aside, $1.2tn is a shed load of cash in anyone's book.
     
  5. Peterkro macrumors 68020

    Peterkro

    Joined:
    Aug 17, 2004
    Location:
    Communard de Londres
    #5
    They're going to spent over a trillion apparently trying to blow up the housing bubble whose burst was largely responsible for the present mess. Doesn't make the slightest bit of sense to me.
     
  6. és: macrumors 6502a

    és:

    #6
    '' 'sonely money! "
     
  7. BoyBach macrumors 68040

    BoyBach

    Joined:
    Feb 24, 2006
    Location:
    UK
    #7

    But it'll be different this time...
     
  8. Cromulent macrumors 603

    Cromulent

    Joined:
    Oct 2, 2006
    Location:
    The Land of Hope and Glory
    #8
    Except we have insured RBS for over £325bn of potential future losses. That is ridiculous for a country our size.
     
  9. edesignuk thread starter Moderator emeritus

    edesignuk

    Joined:
    Mar 25, 2002
    Location:
    London, England
    #9
    True, but that's a whole separate venture to this quantitative easing business we're all getting involved in.
     

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