Fed cuts bank rates to 0% suddenly in effort to prop up failing stock maret, also buying $700 billion in bond purchases

submitted by magnora7 from (thehill.com)

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newinsightfulfun

[–]magnora7[S] 7 insightful - 4 fun7 insightful - 3 fun8 insightful - 4 fun -  (3 children)

But when the people of America need something, it's all "We don't have the money for that".

But we apparently have infinite funds to keep this fun-house-mirror economy going. What a joke.

[–][deleted] 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 3 fun -  (1 child)

I wonder if we can finally all agree that our monetary system is straight shit? They are also talking about kicking fractional reserve ratio to 0. So, in essence banks can also issue infinite money / buy up as many small businesses as they want.

https://files.catbox.moe/o88obi.png

[–]JasonCarswell 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

Great meme too!

[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

A+++