Robbed fucking blind!

The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

The Fed’s expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry.

Vote all you like congress critters, it means nothing to the King, you won’t buy the toxic debt so as consolation the ‘fed’ showers them in cash and check McCain playing the Shock Doctrine card-

When asked about the economic crisis, John McCain called for a sweeping spending freeze.

Sen. John McCain: “How about a spending freeze on everything but defense, veteran affairs and entitlement programs.”

Jim Lehrer: “Spending freeze?”

McCain: “I think we ought to seriously consider, with the exceptions of caring for our veterans, national defense and several other vital issues.”

4 Responses to “Punk’d!”

  1. ralfast Says:

    If they keep pumping that much cash into the system the damn keeping inflation at bay is going to burst. If the dollar tanks….

  2. GDAEman Says:

    Now might be the time to take out a loan.

  3. RickB Says:

    Rafael- I think like the depression this is only the beginning it took a couple of years for the total collapse, but…as the system is globally integrated it might simply be impossible for the dollar to fail just drop a lot. The rich won’t suffer but we all will.

    GDAEman- Hey, nice to see you, you know I’m guessing a lot of insider deals are pulling loans from about to collapse banks, zero repayments, the best rate you can get!

  4. Silly Money « Complex System Of Pipes Says:

    […] there’s plenty of scope for the money to come from places with no congressional oversight.  The Federal Reserve had implemented its own $630 billion “rescue” just hours before the …, while our own government is pouring in astronomical sums without any such parliamentary theatre.  […]

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