Fed pumps in another $98 BILLION OF “LIQUIDITY”
Note how the media always refer to adding “liquidity” or adding “credit”. Why avoid the plain truth and confuse everyone? The government is creating money to buy its own debt and thereby financing the swelling deficit.
(From the Wall Street Journal)
The Federal Reserve Bank of New York again saw very strong demand for liquidity aimed at helping financial markets navigate the turn of the year.
The demand once again arrived as the Fed added temporary liquidity to financial markets Monday. All together the central bank pumped in $97.9 billion in two parts.
Reprinted from: https://www.ac2news.com/2019/12/fed-pumps-in-another-98-billion-of-liquidity/
