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Wednesday, Jun 29th

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You are here News Economy Fed prints another $600bn to keep US recovery on track

Fed prints another $600bn to keep US recovery on track

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The dollar fell against most currencies due to QE, raising fears of a retaliatotry strike by the Bank of Japan on Friday.

The Fed's decision will also heap pressure on the Bank of England to follow suit on Thursday, when it decides whether to increase its £200bn of QE.

TVNL Comment: Every dollar that is printed, or created out of nothing, devalues the money you already have. Such goes with every dollar that is loaned by a bank for at the time of the loan 90% of the money loaned is created out of nothing. Banks lend money that they don't have, actually the money does not exist until the loan is granted. That is how the economy grows. Lending creates new money and each new dollar reduces the value of your assets. Nice little scam.

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