Federal Reserve Wants to Issue Debt
Wednesday, December 10, 2008 8:10The WSJ reports that Federal Reserve is now said to be thinking of issuing it’s own debt. The concept could include selling bills or some other form of notes. This would be the first time in history for such an action be taken.
The mainstream media has already begun to sell the idea to the public citing that the action would give the fed more “Flexibility to stabilize the market.” No specifics as to how this would be achieved.
Why would the federal reserve need to issue debt? Why does the “Lender of last resort” need to borrow money? They have monopolistic control over the US currency and print money at will.
What would these new bonds be backed by? The full faith and credit of the United States? The federal reserve is independent of the Unites States.
Does the Federal Reserve have any constitutional authority to issue bonds? I know that’s sill to ask considering that the entire federal reserve system is unconstitutional.
The media needs to ask these questions and we must demand them answered.
Related posts:
www.buzzflash.net says:
December 10th, 2008 at 9:31 pm
Federal Reserve Wants to Issue Debt…
The WSJ reports that Federal Reserve is now said to be thinking of issuing it’s own debt. The concept could include selling bills or some other form of notes. This would be the first time in history for such an action be taken. The mainstream media …
michael mazur says:
December 12th, 2008 at 5:07 am
Don’t you get it ? The Fed has just said by mooting that, that it is the govt in waiting, and not really Obama.
The events of Sep 29 and Oct 3 re the $700Bn bailout were nothing short of astonishing – and no need to relate details here, the biggest in your face heist in American history; and in daylight !
Clearly, having mulled over the fact that Congress turns out to be more supine than what they are intimidated to be, they have been emboldened to fly this kite with a bit of media promotion to see the general reaction amongst the somnalent American public.
If the response is indifferent and or lacking in comprehension, then, joy of joys, the step after this is the formal announcement that henceforth Congress will be consulted on economic, social and foreign policy.
US Economic Situation Deteriorating Daily « Hope2012 says:
December 29th, 2008 at 8:31 pm
[...] Federal Reserve Wants to Issue Debt – Charting Stock 12/10/08 [...]
refinance cars says:
January 24th, 2010 at 8:43 am
I’m going to tell a few of my friends about your site. I’ve learned a lot reading here. Thanks!
Lenard Mangiapane says:
February 9th, 2010 at 11:08 pm
Other bouts on the card include Claude “Prince” Patrick vs. Matt MacGrath, Lee Mein vs. Ilya Woronowski, Dan “Torture” Chambers vs. Chase Dagenhardt, and Robin Black vs. Matt Knysh.