This is what a $trillion looks like. These are $100 bills not ones. Notice the man standing lower left. The Federal Reserve this week announced they would buy $300 billion in US Treasuries this year. They also commited another $750 billion to buy mortgage backed securities. So the Fed is going to print over $ 1 trillion bucks. Since the announcemnet the dollar has dropped violently and gold and oil have been soaring. This is it folks, if this move does not unfreeze the credit markets and stabilize the economy we are in for BIG trouble. If it does work we are in for BIG inflation. I will discuss the Fed's historic actions and their potential consequences this weekend, stay tuned.-Lou
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