Prediction: If no budget deal is found, the Fed will open the discount window to the gov't.
roamer65
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Tue May-17-11 09:46 PM
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| Prediction: If no budget deal is found, the Fed will open the discount window to the gov't. |
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Edited on Tue May-17-11 09:51 PM by roamer65
QE3 on steroids.
Money created and right straight into the US Treasury.
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| bluestateguy
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Tue May-17-11 10:09 PM
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| 1. Or they will fire sale all the gold in Fort Knox |
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That would buy a couple more months.
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| DCBob
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Tue May-17-11 10:49 PM
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| 2. Yeah. sell the gold.. that would piss off the Republicans.. |
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most of them have a serious gold-fetish.
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| Po_d Mainiac
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Thu May-19-11 11:50 AM
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| 4. It should piss off everyone |
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$10/gal at the pump would be a shitload of fun.
The gold reserves of the USA are already on the FEDS books.
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| ohbill
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Tue May-17-11 11:47 PM
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| 3. The Treasury can borrow money cheaper than the Fed loans it at. |
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Ninety day Treasury Bills pay 0.03%, which is lower than the Fed funds rate of 0.25%.
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