Never tell a person that they can have all the mon: rate the comment

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philosophy : UNLIMITED MONEY : ARE THERE ANY SIDE EFFECTS?

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ACTIVE Mon Oct 13, 08 - Tue Oct 13, 09

Money market rates eased on Monday after Europe's central banks said they would lend commercial banks as much U.S. dollar funding as they need.

In the latest joint bid to thaw frozen money markets the U.S. Federal Reserve, the European Central Bank, the Bank of England and the Swiss National Bank also scrapped their existing dollar auction systems and replaced them with a new fixed rate system.

"Counterparties in these operations will be able to borrow any amount they wish against the appropriate collateral in each jurisdiction," the Fed said in a statement.

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Yes, Inflation

Yes, Hyperinflation

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Never tell a person that they can have all the money they need. Just not wise.

entered by : Truthseeker013
Submitted on : Oct 13,2008 2:08:22 pm

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Voted : Yes, Inflation
Never tell a person that they can have all the money they need. Just not wise.

by Truthseeker013 on Mon Oct 13, 08 2:08pm [+]